Tonight your co-workers invited you to a game of poker. What should be a fun night, can quickly become embarrassing if you don’t know what your boss means when he says “pocket rockets”. But don’t worry. We're here to help out with the key words so that you can sound like a pro.
The World Series of Poker (WSOP) is currently going on at the Rio Hotel and Casino is Las Vegas, and we're highlighting our favorite play of the day. On Thursday the Dutch player Jolmer Meelis made an insane call — and it actually paid off.
On Wall Street, many of the biggest traders and fund managers love playing poker. And they're good at it, too. Pro poker player Phil Hellmuth, who has won thirteen bracelets at the World Series of Poker, explained that there are a lot similarities between the card game and trading the markets.
Either the Volcker Rule is making Wall Street's menu of investment choices so unbearably limited, or traditional assets are so overpriced Wall Street won't even touch them with other people's money, but when it comes to allocating capital the smartest conmen in the room are coming up with some truly unorthodox products. Such as investing in ex-convicts in the form of 2000 newly released prisoners.
The World Series of Poker is going right now in Las Vegas, and we're going to bring you one highlight a day of solid play. Here's what caught our eye on Tuesday, day two. In the first round of betting, David Tuthill spiced things up by immediately raising to 2,600. The following players around the table all folded... until one unnamed opponent decided to go all in with his last 25,100.
LONDON — A major casino operator is accusing Phil Ivey, an American who is one of the world’s top professional poker players, of amassing millions of dollars in winnings by cheating at baccarat.
Court papers filed in Britain’s High Court by the Malaysia-based Genting Group say that Ivey and an accomplice successfully used a scam to rack up winnings of roughly £7.8-million ($11.9-million) last summer.