Rates one big game of poker

OPINION: One of the great things about watching interest rates is the poker game that goes on between the central bank and markets from time to time.

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Thu, July 30th, 2009

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Casino poker language:

  • OPENER - The player who opens the betting, especially in draw poker. A hand may have no openers, in which case it is PASSED OUT, i.e., new hands are dealt.
  • SPLIT [THE POT] - To split the pot between two or more players. Related term: QUARTER.
  • OFFSUIT - Not of the same suit. "I held A-Q offsuit" or "The flop was 10-6-2 offsuit". When speaking of 5 or more cards, not all/ of the same suit, i.e., no flush, as in "button had A-K-10-8-7 offsuit."
  • HOYLE - Edmund Hoyle (1769-?) was the authoritative source for rules of card games. Hoyle is to card rules as Webster is to word definitions.
  • SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
  • BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
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