Politics and Poker: Fed Crackdown an Ominous Sign?
Two weeks ago I visited with attorneys and staff of the House Banking and Financial Services Committee (where the real legislative drafting…
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Poker dictionary:
- MANIAC - A player who bets, raises and reraises without regard to the quality of his hand. Most often found in flop games.
- FLUSH - A poker hand consisting of five cards all one suit.
- NICKEL - Five dollars, usually represented by a red casino check.
- BACK DOOR - Applies to a hand that was made in the last card or two, specifically not a hand the player was originally planning on having. Most often applied to straights and flushes.
- BLUFF - To make a bet or raise with a poor hand, in hope that the remaining active player(s) will fold.
- 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.

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