Best Tournament Series for Smaller-Stakes Players
Not everyone is blessed with million-dollar bankrolls or sponsorship deals that allow them to play the high buy-in events around the world. Heck, some of us wouldn’t even splurge on a single $10,000 event simply because it’s too much to risk…
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Casino poker language:
- POT - The total amount of money bet so far in a hand.
- OUT -  A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2.  Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
- SHILL - A card room employee who plays with House money, and does not share in any of his (her) winnings or losses. Shills are used to facilitate starting games, and keeping them going. Compare: PROP.
- LATE BLIND - In addition to "regular" blinds, some games allow a player (particularly a new one) to post a blind bet in return for the right to enter the game immediately and act last on the first betting round. The amount of the blind is determined by house rules, usually somewhere between the last blind and double the last blind. It is frequently a LIVE BLIND.
- S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
- POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.