World Series of Poker Circuit Caesars Palace Day 1: Slaubaugh Slaughtering the Competition
Day 1 of the World Series of Poker Circuit Caesars Palace Main Event wrapped up on Thursday. Cody Slaubaugh leads the remaining 87 players from the starting field of 496.
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Poker argot:
- OFFSUIT - Not of the same suit. "I held A-Q offsuit" or "The flop was 10-6-2 offsuit". When speaking of 5 or more cards, not all/ of the same suit, i.e., no flush, as in "button had A-K-10-8-7 offsuit."
- WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
- IMPLIED ODDS - A refinement to POT ODDS which includes money not yet in the pot. Considers the potential extra bets and winnings made when a player forms a very good hand.
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
- CARDS SPEAK - Winner(s) of the hand are determined by turning their cards face up, the best hand(s) wins (no declaration).
- NICKEL - Five dollars, usually represented by a red casino check.
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