Nate Silver Turns To Poker
I’ll be boarding a plane in the next few minutes headed to Las Vegas, where I’ll be for the next several days to conduct some research (yes, really!) for my book and to play in the World Series of Poker.
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Useful poker terms:
- WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
- BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
- 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.
- UNDERDOG - Before all the cards are dealt, a hand that does not figure to be the winner. Ant: FAVORITE.
- NUT / NUTS - The best possible hand of a given class. Not a LOCK unless all cards have been dealt. The "nut flush" is the highest possible flush, but might still lose to, e.g., a full house. Usually used in Hold'em games.
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
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