Ponzi scheme accused Full Tilt Poker’s license revoked
(Reuters) - Online poker site, Full Tilt Poker, which U.S. federal prosecutors have accused of running a Ponzi scheme, had its gambling license revoked by Alderney Gambling Control Commission (AGCC), the gambling regulator said on Thursday.
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Poker dictionary:
- WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
- DECLARE - In high/low games, declaring one's hand as high or low or both ways (usually done with chips in hand). Usually played in home games; casinos tend to play CARDS SPEAK.
- HOLE CARDS - In Stud and Hold'em, the face-down cards dealt to each player.
- DOOR [CARD] - A player's first upcard in stud games.
- FREEZE-OUT - A table-stakes game that continues until a small number of players (possibly only one) has all the money. The major event in The World Series of Poker is a freeze-out game.
- FOURTH STREET - In stud poker, the fourth card dealt to each player. Sometimes used to refer to the fourth community card dealt in Hold'em, although the more common term for this is TURN (q.v.).
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