Sexton’s Corner, Vol. 34: Archie Karas, Part 4 — More Poker
A few months before his untimely death, Chip Reese was quoted as saying, ‘The most money I ever lost in poker was $2,022,000 in one night, playing $8,000/$16,000 limit. I lost that money to Archie Karas.’ During Archie’s amazing…
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Poker lingo:
- PAT HAND - In draw poker, a hand that does not need any more cards. Specifically, a straight, flush, full house or straight flush. One might bluff and represent a pat hand but actually hold something else.
- DRAW - [1] A class of poker games characterized by players being dealt 5 cards face-down and later having the opportunity to replace some of the original 5. "Draw poker" and "Five-card draw" are examples of usage. [2] In stud and Hold'em games, the set of cards that will be dealt later can be collectively called "the draw". [3] To discard some number of cards and have dealt an equal number of replacements.
- RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
- PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- BAD GAME - Any game in which you figure to be the loser, because the other players are better than you.
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