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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 percent 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. Some cardrooms will not take a percentage rake in any community card poker game like Texas hold 'em when a hand does not have a flop. This is called "no flop, no drop". 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 revenues. 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
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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, hockey, soccer, horse 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 allows only Nevada, Oregon, Montana, and Delaware to legally wager on sports. 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. Customers should carefully read the sportsbook rules before placing their bets. The betting volume at sportsbooks varies throughout the year
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Poker Chips
Casino token (also known as casino or gaming chips, checks, or cheques) are small discs used in lieu 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)
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Comps (casino)
In the context of casinos, comps are complimentary items and services given out by casinos to encourage players to gamble. The amount of comps that a player is given usually depends on what game they play, how much they bet, and how long they play. Most casinos have casino hosts who are responsible for giving out free items and contacting players to bring them back to the casino. Pit bosses can also award comps at table games
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Marketing
Marketing is the study and management of exchange relationships. Marketing is used to create, keep and satisfy the customer
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Poker
Poker is a family of card games that combines gambling, strategy, and different skills. All poker variants involve betting as an intrinsic part of play, and determine the winner of each hand according to the combinations of players' cards, at least some of which remain hidden until the end of the hand. Poker games vary in the number of cards dealt, the number of shared or "community" cards, the number of cards that remain hidden, and the betting procedures. In most modern poker games the first round of betting begins with one or more of the players making some form of a forced bet (the blind or ante). In standard poker, each player bets according to the rank they believe their hand is worth as compared to the other players. The action then proceeds clockwise as each player in turn must either match (or "call") the maximum previous bet, or fold, losing the amount bet so far and all further involvement in the hand
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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. Online casinos generally offer odds and payback percentages that are a bit higher than land-based casinos. 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
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Playtech
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online
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Poker Tournaments
A poker tournament is a tournament where players compete by playing poker. It can feature as few as two players playing on a single table (called a "heads-up" tournament), and as many as tens of thousands of players playing on thousands of tables. The winner of the tournament is usually the person who wins every poker chip in the game and the others are awarded places based on the time of their elimination. To facilitate this, in most tournaments, blinds rise over the duration of the tournament
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Brick And Mortar
Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail stores, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerce businesses in the 2000s, brick-and-mortar businesses are companies that have a physical presence (e.g., a retail shop in a building) and offer face-to-face customer experiences. This term is usually used to contrast with a transitory business or an Internet-only presence, such as fully online shops, which have no physical presence for shoppers to visit, talk with staff in person, touch and handle products and buy from the firm in person
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PartyPoker
partypoker (formerly stylized PartyPoker) is an online poker card room. Launched in 2001 by PartyGaming, the site has had up to 80,000 players logged-in and was the largest online card room until 2006. In 2011 PartyGaming merged with bwin to form Bwin.Party Digital Entertainment. As of 2017, it remains among the largest online poker card rooms. The site is endorsed by Mike Sexton, the host of the World Poker Tour television show. The domain partypoker.com attracted at least 3.6 million visitors annually by 2008 according to a Compete.com study. In 2016, after a protracted bidding process between 888 Holdings and GVC Holdings, Bwin.Party Digital Entertainment accepted GVC Holdings' bid for £1.1 billion. Today, the site is run by GVC Holdings and is available in 14 different languages. In addition to partypoker.com, partypoker also offers dedicated networks for French and Italian based players via partypoker.fr and partypoker.it, respectively
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Brick And Mortar Business
Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail stores, factory production facilities, or warehouses for its operations. More specifically, in the jargon of e-commerce businesses in the 2000s, brick-and-mortar businesses are companies that have a physical presence (e.g., a retail shop in a building) and offer face-to-face customer experiences. This term is usually used to contrast with a transitory business or an Internet-only presence, such as fully online shops, which have no physical presence for shoppers to visit, talk with staff in person, touch and handle products and buy from the firm in person
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Licence
A license (American English) or licence (British English) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license may be granted by a party (America Hollywood companies) to another party ("Joe Might") as an element of an agreement between those parties. A shorthand definition of a license is "an authorization (by the American Hollywood companies) to use the licensed material (by the Joe Might)". In particular, a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee or proving a capability
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