Poker Quiz #1: Expected Value

The idea of expected value is one that comes up often in poker and trading discussions. Expected value is the sum of the probability of each possible event times that event’s payoff. For example, if you were to flip a fair coin where you got paid $2 for heads and lost...
What is He Thinking?

What is He Thinking?

Recently in SIG’s training class, there was a hand of 7 Card Stud/8-or-Better that had an interesting play worth discussing. This is a high/low game, where the best 5-card poker hand out of 7 cards wins half the pot, and the best low hand (that has no card higher than...

Playing Poker with Your Hand Face-Up

If you’re unfamiliar, check out a brief primer on the Stud 8 rules.  Playing poker with your hand face-up is not very much fun. If you don’t believe it…try it and see! Or think of playing against an opponent whose hand is face-up. Wouldn’t that be fun (and very profitable)? In...