Lock - A strong poker hand which is unbeatable.
The player is able to put all his or her money into the pot even if the amount does not cover the total amount of bet required by the table.
The pot is awarded to the player who has the highest hand.
Show Down - In poker, if two or more players remain in the game after the last betting interval (river) players would have to show (expose) their hands and the pot is awarded to the player with the highest hand.The traders would then compete with each other to see who could display the most gluttony.Capped - This is when the highest wagering amount is met and the betting round is ended.RPT - Russian Poker Tour.The book captures an important period in the history of Wall Street.Players get to receive a percentage of their money that was taken by the house.M Made Hand - A hand which does not need a draw.IDK - an acronym which is often fruit machine name picker game used in poker chat rooms meaning I don't know.Chess - This is when poker player base the poker game on skill rather than luck.This part of the book gives a first-person account of how bond traders and salesmen truly work, their personalities, and their culture.Ammunition - A poker slang word which is used to refer poker chips on the table.Passive - A poker players who does not play aggressively and rarely bets.No Tears Used to describe a preset alternate rule Michael Lewis describes in the book, John Gutfreund challenges John Meriweather to a game of Liars Poker, in which he states "no tears" which means players of the game who lose can't complain about losing afterwards.Pot - A term used in poker, this is where players get to place their bets and the pot is situated at the center of the table.Clean Out - Taking all chips from an opponent.Lewis remarked in his conclusion that the 1980s were a time when anyone could make millions, provided they were in the right place at the right time, as exemplified by Lewis Ranieri's success.For example, 3-2, 2-1.Rakeback - The amount of money that is given back to poker players by online affiliate programs.
MTT - Multi-Table Tournament.
Lewis attributed the bond traders' and salesmen's behavior to the fact that the trading floor required neither finesse nor advanced financial knowledge, but, rather, the ability and desire to exploit others' weaknesses, to intimidate others into listening to traders and salesmen, and the ability.
Backdoor - This is when a player's hand develops to a straight or a flush during the turn and river and this hand is usually known as the backdoor straight and backdoor flush.