Poker, investing go hand-in-hand

Ever watch professional poker players calculating the odds, then dissecting their opponents? Those same skills can help you be a better investor.

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Sat, January 30th, 2010

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Poker lingo:

  • REBUY - [1] To purchase additional chips after an initial buy-in, usually after losing most or all of the previous buy-in. This term is most often used in certain tournaments where if one loses all one's chips, or falls below a certain minimum chip level, for an additional sum of money one can purchase a fixed amount of additional tournament chips. Usually there is a time limit (The "REBUY PERIOD") as to how long rebuys are allowed. [2] The additional chips "rebought" in tournament play.
  • SCOOP - To take all of a pot that is normally split, either by winning both halves outright or winning one half when no players qualify for the other half.
  • 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.
  • 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.
  • REPRESENT - Implying, by one's betting style, that one has a particular hand.
  • POCKET ROCKETS - In Hold'em, a pair of aces for hole cards.
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