Poker Star Annie Duke Recounts Bluffing Her Way to $2 Million

Feb. 8 (Bloomberg) — Annie Duke has a lot to teach Wall Street traders about how to make big bets under heavy pressure.Duke won the 2004 World Series of Poker by making icy calculations on $100,000-plus bets under the heat of television cameras in a Las Vegas casino. For added pressure, the promoters dumped $2 million on the table when the contest went down to just Duke and Phil Hellmuth.Hellmuth is the “bad boy'’ of pro poker. He chided Duke, the only woman contender, for bluffing him out of

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Poker jargon:

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.
WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
SUITED - Two or more cards all the same suit. Ant: OFF-SUIT.
WALK - A pot won by the last blind when no one opens.
FREE CARD - A card dealt after all players checked in a betting round.
BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.

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