From Wall Street failure to poker champ: ‘Very lucky not to be unlucky’
Steven Begleiter, the Wall Street firm’s head of corporate strategy before it collapsed and was bought by JPMorgan Chase in 2008, took winnings from his hometown poker club and headed to the World Series of Poker in Las Vegas July 2008. Now he’s back, fully funded by poker-club winnings.
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Poker argot:
- FLAT LIMIT - A variant of fixed limit where all bets are the same amount.
- 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.
- RAIL - A barrier dividing the card playing area from a public area.
- WALK - A pot won by the last blind when no one opens.
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- FREEROLL - [1] A poker tournament that does not charge a buy-in fee; players must earn buy-in credits through previous play at the same establishment. [2] Having a lock on part of a pot (sure to win a greater fraction of the pot than one is betting) and playing to win more or all of it.
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