Wall Street Poker

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Wall Street is a form of stud poker which also features community cards. It is named after the financial district of New York and the movie of the same name, because of a strategy of aggressive bidding involved.

Stud poker is any of a number of poker variants in which each player receives a mix of face-down and face-up cards dealt in multiple betting rounds. Stud games are also typically non-positional games, meaning that the player who bets first on each round may change from round to round. The cards dealt face down to each individual player are called hole cards, which gave rise to the common English expression ace in the hole for any hidden advantage.

Community card poker any game of poker that uses community cards

Community card poker refers to any game of poker that uses community cards, which are cards dealt face up in the center of the table and shared by all players. In these games, each player is dealt privately an incomplete hand, which are then combined with the community cards to make a complete hand. The set of community cards is called the "board", and may be dealt in a simple line or arranged in a special pattern. Rules of each game determine how they may be combined with each player's private hand. The most popular community card game today is Texas hold 'em, originating sometime in the 1920s.

Wall Street street in Manhattan

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the financial markets of the United States as a whole, the American financial services industry, or New York–based financial interests.

Contents

Rules

Players are initially dealt three hole cards, two face down, one face up. Everyone pays an ante.

Four community cards are then dealt face up, each with a different value, this is called the Wall Street. Each round then starts with the player with the strongest hand showing. For example a showing pair would beat a high card.

Rather than a betting round taking place, a bidding round occurs, where players choose whether to buy a community card. The card on the left of the dealer costs one betting unit, the next card two betting units, the next card three betting units and the card to the right of the dealer costs four betting units. The fee for the card then goes into the pot. If a player chooses to purchase one of the cards it is replaced from the top of the deck.

Betting in poker

In the game of poker, the play largely centers on the act of betting, and as such, a protocol has been developed to speed up play, lessen confusion, and increase security while playing. Different games are played using different types of bets, and small variations in etiquette exist between cardrooms, but for the most part the following rules and protocol are observed by the majority of poker players.

A poker dealer distributes cards to players and manages the action at a poker table.

The pot in poker refers to the sum of money that players wager during a single hand or game, according to the betting rules of the variant being played. It is likely that the word pot is related to or derived from the word jackpot.

If they choose not to purchase a card, they are dealt one for free face up. This process repeats until every player has four face up cards. So for example if the minimum bid was $1, and a player is dealt a pair of Kings, if a King is the third community card to the left of the dealer, it would cost them $3 to take the King.

Players are then dealt a face down card and a final betting round takes place.

Variations

There are also wild card versions of this game where the most expensive card can be a wild card, meaning that it has any value the player wants it to be. For example if a Queen is needed to make a straight, it would cost four betting units but a player could purchase the wild card to count as the Queen. Another version of the game plays in the following way:

  1. All players pay the antes.
  2. Four cards are dealt face up on the table.
  3. The furthest left card (from the dealer perspective) is marked with a chip.
  4. All players are dealt two cards.
  5. Every player now has the option to decide: (a) to get a third card from the dealer which is dealt face up; (b) to buy one of the four cards that were dealt previously, with the card to the left of the dealer costing one betting unit, the next card two betting units, the next card three betting units and the card to the right of the dealer costing four betting units.
  6. The first betting round takes place. When played with antes, each pot is opened by the player who shows the weakest hand. They have to pay the bring-in and can also raise.
  7. Again every player can decide to get a card from the dealer or to buy a card from the Wall Street.
  8. Second betting round.
  9. There are three more betting rounds. Before each round each player draws an additional card. Cards five and six are dealt face up, card seven is dealt face down.
TypeStud poker / Community card poker
Players2+, usually 2–9
Skill(s) requiredProbability, psychology
Cards52
DeckFrench
PlayClockwise
Card rank (highest to lowest)A K Q J 10 9 8 7 6 5 4 3 2
Random chanceMedium to high

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