Wall Street Poker Rules
Wall Street Poker Night is akin to a charity cocktail party that draws wealthy patrons, said Daniel Borochoff, president of the American Institute of Philanthropy, which rates charities for donors. Some of the biggest investors on Wall Street are known to be ace poker players. Are there things we small fish can learn from Texas Hold ’em that will make us better investors? A simplified version of Scopa contributed by Dan Beebe - not to be confused with the poker variant Wall Street. The goal of Wall Street is to win the most points by gaining Investors, gathering Preferred Stock, and Common Stock, and by making 'Takeovers.' Players and Cards Wall Street may be played by 2, 3, or 4 players. Some of the biggest investors on Wall Street are known to be ace poker players. Are there things we small fish can learn from Texas Hold ’em that will make us better investors?
Table Of Contents
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Introduction
Before the start of the Texas hold'em poker boom a couple of years ago, seven-card stud was one of the most popular poker variations in the United States.
The game can be played with two to eight players, and the biggest difference between seven-card stud and Texas hold'em or Omaha is that seven-card stud does not involved a flop, and in most cases, it doesn't involve community cards at all.
Game Play
As you can see in the image above, to begin each hand a player is dealt the first two cards face down and then a third facing up. This is often called third street. The two face-down cards are called the 'hole cards' and the face-up card is called the 'door card.' Based on these three cards, one would decide whether or not to continue with the hand. Like in any poker variation, starting-hand selection is extremely important in seven-card stud.
Each player gets dealt a total of seven cards, of which three are dealt face down and four are dealt face up. From these seven cards the player has to choose his best five-card combination. The hand rankings are identical to those in Texas hold'em or Omaha; a royal flush is the best possible hand and the worst hand is the high card hand (no pair).
Antes, bring-in and betting
While the blinds are the forced bets in Texas hold'em and Omaha poker, antes are the forced bets placed by every player before receiving any cards. As an example, let's think of a $10/$20 seven-card stud game with an ante of $1 and a bring-in of $5.
Each player wanting to be dealt in to receive a hand would have to post the $1 ante, creating a pot worth competing for. The first three cards are then dealt to each player before it is determined that one player must post the bring-in. In seven-card stud, the player with the lowest-ranking door card would have to post the $5 bring-in at minimum, but this person does have the option to 'complete' the bet by posting $10 (the small limit of the game). From there, the betting continues clockwise around the table, with each player having the option to call, raise or fold. In the case that the first player who brought in only posts the bring-in, other players may have the option of completing the bet to $10 as the first raise. Once the betting is complete, every player left in the hand is dealt a fourth card, referred to as fourth street.
Wall Street Poker Rules Against
In games that involve a button that dictates where the action starts, those differ from seven-card stud. In seven-card stud, the first player to act from fourth street on is the player displaying the highest-ranking hand.
Before proceeding past third street, though, it is important to have solid hand selection. An example of good starting hands in seven-card stud would include the following:
Seven-card stud is most often played as a limit game. Sticking with the same example of our $10/$20 seven-card stud game, the limits of betting on third and fourth street would be the smaller limit, or $10 in this case. On fifth, sixth and seventh street, the limits increase to $20.
In the case that a player pairs his door card on fourth street, the opening player now has the option to bet double the small limit, or the larger limit. For example, if a player begins with an ace and picks up another ace on fourth street, that player may open with a bet of $20 instead of $10. This unique betting rule only takes place in the high version of seven-card stud, and not the split-pot version.
Conclusion
In seven-card stud, it is very important to pay close attention to the cards of your opponents. If you, for example, have a straight draw with K♣Q♦J♥10♠, but you already see three aces on the table, then you are only drawing to one ace and the remaining nines in the deck. If a player folded the case ace and you are unaware he or she did so, you could be incorrectly estimating your odds in the hand.
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Wall Street Poker Rules
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