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Poker is a family of card games that share betting rules
and usually (but not always) hand rankings. Poker games differ
in how the cards are dealt, how hands may be formed, whether the
high or low hand wins the pot in a showdown (in some games, the
pot is split between the high and low hands), limits on bets and
how many rounds of betting are allowed. In most modern poker games,
the first round of betting begins with some form of forced bet.
The action then proceeds to the left. Each player in turn must
either match the maximum previous bet or fold, losing the amount
bet so far and all further interest in the hand. A player who
matches a bet may also raise, increasing the bet. The betting
round ends when all players have either matched the last bet or
folded. If all but one player fold on any round, the remaining
player collects the pot and may choose to show or conceal their
hand. If more than one player remains in contention after the
final betting round, the hands are shown and the winning hand
takes the pot.
With the exception of initial forced bets,
money is only placed into the pot voluntarily by a player who,
at least in theory, rationally believes the bet has positive expected
value. Thus while the outcome of any particular hand is determined
mostly by chance, the long-run expectations of the players are
determined by their actions chosen based on probability and psychology.
copied from http://en.wikipedia.org/wiki/Poker |