The Nightly Turbo: Matt Savage Headed to the Hard Rock, WSOP Conference Call, and More

Matt Savage hasn’t hosted a poker tournament series in Las Vegas since 2004, but all that is about to change. Not only that, but there was a World Series of Poker conference call this morning to talk about the event that is less than a month away…

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Poker jargon:

• BACK DOOR - Applies to a hand that was made in the last card or two, specifically not a hand the player was originally planning on having. Most often applied to straights and flushes.
• EVEN-MONEY - A bet that pays off exactly the amount wagered. E.g., "Double or nothing" is an even-money bet.
• TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
• BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
• LIVE [CARD] - In Stud, a card probably not held by other players.
• LITTLE SLICK - In Hold'em, hole cards of A-2, suited or not.