Buffett goes broke in 45 minutes … in charity poker game
OMAHA, Neb. It took less than 45 minutes for Warren Buffett, billionaire investor and avid bridge player, to go broke in a charity poker tournament.Save
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Poker lexicon:
- QUALIFIER - A minimum standard that a hand must meet in order to win. Usually applied to the lowball side of a high-low split pot.
- RAISE - To wager more than the minimum required to call, forcing other players to put in more money as well.
- HOOK - A Jack. So named because the "J" resembles a hook.
- QUARTER - [1] Twenty-five dollars, often symbolized by a green casino chip. [2] To divide half a pot between two tying hands. In split pot games, a player who "ties" another player for their half of the pot is said to be "quartered". One might say "I didn't bet my A-2 because I figured I'd get quartered".
- WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
- LEAK - To show one's hole cards (often unknowingly).
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