REPORT: Full Tilt Poker, DOJ Agree on Forfeiture Agreement; RICO Suit Dismissed

Full Tilt Poker and the U.S. Department of Justice agree on forfeiture agreement.

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Tue, January 31st, 2012

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Useful poker terms:

  • 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.
  • BLACK - When referring to chips, black usually stands for $100 casino chips. "This guy sits down with a stack of blacks and raises the first bet." Not ALL casinos use black for $100 but that is the common usage.
  • STRING BET - An unethical and often illegal means of raising whereby a player puts a call-size stack of chips into the pot and, after observing the reactions of the players, then goes back to his stack and puts out more, thus raising.
  • LOCK - A hand that cannot be beat under any circumstances. Also: NUTS.
  • GUT SHOT - A draw to an inside straight, as in 2-3-4-6.
  • MISDEAL - A hand dealt incorrectly that must be re-dealt.
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