Sexton’s Corner, Vol. 38: Archie Karas, Part 8 – Mini-Streaks

When Archie Karas lost his $40,000,000, there were rumors he must have gone off and committed suicide. No one saw him around Las Vegas for four or five months. After all, how much strain and pressure could any one man’s brain take…

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Mon, March 31st, 2008

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Poker terminology:

  • SIXTH STREET - The sixth card dealt in 7-card stud.
  • PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
  • RAIL - A barrier dividing the card playing area from a public area.
  • FILL - To draw a card that makes a five-card hand (straight, flush, full house, straight flush).
  • EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
  • 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".
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