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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Poker jargon:

  • ACTION - Money that is being bet. "NO ACTION" means a hand or game has few bettors and fewer raisers. "Gimme some action" is ostensibly a plea for calls and raises.
  • HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
  • BICYCLE - The best possible low hand: A-2-3-4-5. More common term: WHEEL.
  • TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
  • POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
  • ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
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