Obama Plays Poker With Homeowners, Taxpayers: John F. Wasik
Dec. 29 (Bloomberg) — Managing your financial affairs in this season of political transition is like being in a poker game when a stranger shows up. Its hard to know how to play a hand until you get a sense of the new guys strategy.
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Poker glossary:
- FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
- ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.
- CALLER - One who calls. Sometimes used collectively, as in "3 callers".
- PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
- RAGS - Board cards that are small, not suited and not in sequence, e.g., 9-5-2. When "rags flop", it is unlikely that anyone has a good hand, except possibly the big blind in an unraised pot.
- DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
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