Sexton’s Corner, Vol. 35: Archie Karas, Part 5 — Transporting Millions
Once Archie Karas mowed down the world’s best poker players, building up a bankroll of $17,000,000 from his original $50 start six months earlier, could there possibly be any more magic left? The answer is gambling’s version…
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Poker slang:
- DRAWING DEAD - A draw in which it is impossible to obtain a winning hand for any of a variety of reasons: an opponent's hand is better than whatever you are drawing to, the card(s) that make your hand are out of play, or (in Hold'em) give an opponent a stronger hand even if it makes yours. Frequently used in the past tense, since one rarely knows it at the time.
- TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
- PASSED OUT. - A hand in which nobody opens. What happens next is a function of the game being played.
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
- UNDER THE GUN - The position that has to act first in a round of betting.
- HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
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