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Rake (poker)
Rake is the scaled commission fee taken by a cardroom operating a poker game. It is generally 2.5% to 10% of the pot in each poker hand, up to a predetermined maximum amount. There are also other non-percentage ways for a casino to take the rake. Poker is a player-versus-player game, and the house does not wager against its players (unlike blackjack or roulette), so this fee is the principal mechanism to generate revenue. It is primarily levied by an establishment that supplies the necessary services for the game to take place. In online poker it covers the various costs of operation such as support, software, and personnel. In traditional brick and mortar casinos it is also used to cover the costs involved with providing a dealer (though in many places tips provide the bulk of a dealer's income) for the game, support staff (from servers to supervisors), use of gaming equipment, and the physical building in which the game takes place. The rake in live games is generally higher th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sliding Scale
Sliding scale fees are variable prices for products, services, or taxes based on a customer's ability to pay. Such fees are thereby reduced for those who have lower incomes, or alternatively, less money to spare after their personal expenses, regardless of income. Sliding scale fees are a form of price discrimination or differential pricing. A business or organization may have various motivations for pricing a product or service on a sliding scale. These may include the desire to be charitable to those less able to afford the product or service, their ability to get a tax deduction for offering their services as charity, their ability to benefit from the revenue even from a partial payment, their retention of a longtime customer/client, or referrals that such a customer/client may provide. For example, healthcare providers sometime offer a sliding scale of fees to patients. Some child-adoption agencies collect legal fees (normally very expensive) on a sliding scale, so that couples ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker Chips
Casino tokens (also known as casino or gaming chips, checks, cheques or poker chips) are small discs used in terms of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games. Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers. Use Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally. Tokens are employed for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ongame Network
bwin.party Digital Entertainment was an online gambling company, formed by the March 2011 merger of PartyGaming plc and bwin Interactive Entertainment AG. Formerly the world's largest publicly traded online gambling firm, it was best known for its online poker room PartyPoker, World Poker Tour and its sports betting brand bwin (officially styled ''bwin''). The company was headquartered in Gibraltar and quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the launch of Starluck Casino. Prior to passage of the Unlawful Internet Gambling Enforcement Act of 2006 by the U.S. Congress, the firm was the world's largest online poker brand, based on cash game revenue and number of players. Its market share has fallen since then, but it remains the third largest online poker room in the world, behind PokerStars and Full Tilt Poker. The new company became the world's largest publicly traded online gaming firm in 2010, 48.4% owned by existing PartyGaming shareh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PokerStars
PokerStars is an online poker cardroom that was a part of The Stars Group until it was sold to Flutter Entertainment on May 5, 2020. It can be accessed through downloadable poker clients for the Windows, macOS, Android and iOS. It is the largest real money online poker site in the world, controlling over two-thirds of the total online poker market. A PokerStars.com online satellite tournament produced the 2003 World Series of Poker (WSOP) champion, Chris Moneymaker. As the first person to become a world champion by qualifying at an online poker site, Moneymaker's 2003 win was an important factor in catalyzing the poker boom of the mid-2000s. The press has called this the "Moneymaker effect." History PokerStars launched its beta play-money-only site on September 11, 2001. The company began offering real money wagering on December 12, 2001. PokerStars was originally a Costa Rican company, Rational Enterprises, which was majority owned by the Israeli Scheinberg family. The compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rakeback Pro
The following is a glossary of poker terms used in the card game of poker. It supplements the glossary of card game terms. Besides the terms listed here, there are thousands of common and uncommon poker slang terms. This is not intended to be a formal dictionary; precise usage details and multiple closely related senses are omitted here in favor of concise treatment of the basics. A ; ace in the hole : One of the hole cards is an ace ; ace-to-five, ace-to-six : Methods of evaluating low hands. See lowball. ; act : To make a play (check, bet, call, raise, or fold) at the required time, compare to '' in turn''. ; acting out of turn : A player in poker that either announces their actions or physically plays before their turn (checks, folds etc.). Sometimes players act out of turn intentionally to get a read out of other players. When done intentionally, this is often referred to as "angle shooting." See angle shooting. ; action : A player's turn to act; a willingness to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comps (casino)
Comps are complimentary items and services given out by casinos to encourage players to gamble. The amount and quality of comps that a player is given usually depends on what game(s) they play, how much they bet, and how long they play. Most casinos have casino hosts responsible for awarding comps and contacting players to bring them back to the casino. Pit bosses can also award comps at table games. Despite the strategic importance of the comps in the casinos' structure, there is no separate profession for it, in different gambling houses, different specialists may be responsible for it. Most casinos ask players to get a player's club card so their play can be tracked and comps awarded accordingly. Levels The lowest level of comp is free alcohol. Many casinos provide free drinks to anyone gambling. The second level of comp is free self-parking, lounge access, or free meals. Many casinos have several players' lounges and restaurants and might require more play to earn a comp to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Affiliate (commerce)
The term affiliate is used to describe the relationship between two entities wherein one owns less than a majority stake in the other's stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of a larger parent company. Most recently, affiliation has been a popular form of marketing for eCommerce companies. Corporate structure A corporation may be referred to as an "affiliate" of another when it is related to it but not strictly controlled by it, as with a subsidiary relationship, or when it is desired to avoid the appearance of control. This is sometimes seen with companies that need to avoid restrictive laws (or negative public opinion) on foreign ownership. Affiliate marketings The process where an organization will pay commission to an affiliate to promote their products either through a website, blog, email or social media. Affiliate marketing brings the power of network effects to brand outreach, using curr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marketing
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaigns; attendance at trade shows and public events; design of products and packaging attractive to buyers; defining the terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the buying habits of others; agreements with retailers, wholesale distributors, or resellers; and attempts to create awareness of, loyalty to, and positive feelings about a brand. Marketing is typically done by the seller, typically a retailer or manufacturer. Sometimes tasks are contracted to a dedicated marketing firm or advertising agency. More rarely, a trade association or government agency (such as the Agricultural Marketing Servic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Costs
In accounting and economics, 'fixed costs', also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month. These costs also tend to be capital costs. This is in contrast to variable costs, which are volume-related (and are paid per quantity produced) and unknown at the beginning of the accounting year. Fixed costs have an effect on the nature of certain variable costs. For example, a retailer must pay rent and utility bills irrespective of sales. As another example, for a bakery the monthly rent and phone line are fixed costs, irrespective of how much bread is produced and sold; on the other hand, the wages are variable costs, as more workers would need to be hired for the production to increase. For any factory, the fix cost should be all the money paid on capitals and land. Such fixed costs as buying machines and lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sportsbook
In the United States, a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. The method of betting varies with the sport and the type of game. In the US, the Professional and Amateur Sports Protection Act of 1992 allowed only Nevada, Oregon, Montana, and Delaware to legally wager on sports other than horse racing, greyhound racing, and jai alai; the law was ruled unconstitutional on May 14, 2018, freeing states to legalize sports betting at their discretion. Winning bets are paid when the event finishes, or if not finished, when played long enough to become official; otherwise all bets are returned. This policy can cause some confusion since there can be a difference between what the sportsbook considers official and what the sports league consider official. Custo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Casino
Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional ("brick and mortar") casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of online gambling. Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites. Assuming that the online casino is using an appropriately programmed random number generator, table games like blackjack have an established house edge. The payout percentage for these games are established by the rules of the game. Types Online casinos are broadly divided into two categories based on the software they use: web-based and download-only casinos. Traditionally, online casinos would include only one of the two platforms. However, with advanced technological changes, an online casino can now accommodate both. Web-based Web-based online casinos (also known as no-download ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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