Wall Street Poker 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.

1. Street Poker
2. Poker Games For Beginners
3. Poker Street Projection
4. Street Poker Hands

Rules[edit]

Street Poker

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

Wall Street Poker 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. River Street Poker. 851 likes 2 talking about this. Savannah's Free and Fun Texas Hold'em! Street Poker, juegos diarios poker gratis, gambling and alcohol, white owl slots. Cards dealt on a particular round in stud games. For instance, the fourth card in a player’s hand is often known as fourth street, the sixth card as sixth street, and so on. The Fourth Street portable casino style poker table features a commercial quality felt surface designed for Texas Hold 'Em, but you can play almost any game that requires a deck of cards.

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.

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[edit]

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.

References[edit]

Historical Parallels

In a May 16, 2010 article, the Los Angeles Times revealed the aggressiveness with which Wall Street is pursuing poker experts. Danon Robinson, a partner at Toro Trading, was quoted saying that “if someone’s been successful at poker then there’s a good chance they could be successful in this business.” In fact, Robinson said, lack of interest in poker was “a red flag” and “almost the equivalent of not reading the Wall Street Journal.” Hedge fund executive Aaron Brown, meanwhile, said that Wall Street trading requires a steely maturity in the face of risk that is difficult to acquire “unless you put the money on the table at some point in your life.” Rich Blake described a similar intangible in a 2007 ABC News article when he spoke of a “penchant for risk-taking and a dispassionate regard for large sums of money.”

Poker Games For Beginners

Today’s traders are not the first to spot parallels between gambling skills and trading instincts. In the 1989 classic Liar’s Poker, Michael Lewis introduces readers to Howie Rubin. Rubin, bored with being a chemical engineer, taught himself to count cards and parlayed $3,000 into $80,000 over the course of two years in Las Vegas. Using his skill in blackjack (which is among the few “non-independent outcome games” in the casino), Rubin became a star trader in Salomon Brothers’ mortgage trading department. According to Rubin, “the trading floor at Salomon Brothers felt like a casino “because it required making bets and handling risk “in the midst of a thousand distractions.”

Poker-Themed Training Programs

(dupo-x-y)

Some Wall Street firms are going so far as to make poker an integral part of their training programs. Susquehanna International Group, based in Philadelphia, actually issues poker texts such as Hold ‘Em Poker and The Theory of Poker as mandatory reading. The former, described as the “first definitive work on hold’em poker”, was published in 1976 and aims to educate beginners on the basics of the game. Topics covered include the importance of position, key “flops,” semi-bluffing, strategies before the flop, the free card and how to read hands. The Theory of Poker, meanwhile, is a more sophisticated and intellectual treatment of poker fundamentals. Written by poker pro David Sklansky, the book “discusses theories and concepts applicable to nearly every variation” of poker. The value of deception, psychology, heads up play, implied odds and even game theory are thoroughly covered from the standpoint of an aspiring poker player. Additionally, readers are introduced to the Fundamental Theorem of Poker and how it affects game play.

Poker Street Projection

After digesting these books, new hires at Susquehanna are asked to spend a full day each week absorbing poker concepts – by actually playing the game competitively. When asked about the rationale for this unorthodox training approach, program director Pat McCauley said “we are trying to teach people how to be good decision-makers under uncertainty.” That said, the poker-based training at Susquehanna is not just footloose and fancy-free fun and games. Rather, the training program and its poker games are run in a methodical and systematic manner. “It’s not the stereotypical stuff with bluffing”, McCauley insists – “it’s real science”

Poker On The Rise

(Yannick Croissant)

Luckily for Wall Street, poker’s popularity appears to be soaring. On March 28, Poker News Team reported that the TV show High Stakes Poker had seen a dramatic rise in ratings, including a 27% jump among adults 18-49 years old. Ratings among men aged 25-54 (said to be the target audience of the show) are said to have risen by 25%. The Los Angeles Times (citing research from PokerAnalytics) revealed that 6.8 million people played “at least one hand of online poker for money” in 2009 – a 29% increase over 2008 and roughly three times 2005’s poker participation. From the standpoint of Wall Street’s investment houses, the surge in poker’s popularity represents a growing crop of future hires who are both comfortable placing large “bets” and undeterred by occasional losses.

Furthermore, Wall Street offers an opportunity that few hardcore poker junkies can resist – higher stakes and upside. A professional trader routinely makes trades worth several million dollars each. Make more good trades than bad, and you’ll be rewarded with a lucrative year-end bonus. At any rate, it appears that Wall Street’s once-impenetrable barrier of connections, degrees and business experience is crumbling on the altar of raw poker ability.

Sign up for Mint today

Street Poker Hands

From budgets and bills to free credit score and more, you’ll
discover the effortless way to stay on top of it all.