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Gutshot Poker Dictionary - Chip and a Chair Poker
Jonathan Pereira
Posted on 19 Sep, 2020
By Jonathan Pereira
On 19 Sep, 2020
By Jonathan Pereira
On 19 Sep, 2020

Gutshot Poker Dictionary – Chip and a Chair

You may have heard this football expression, “The game isn’t over until the whistle blows”. From winning the UEFA champion League in injury-time to the buzzer-beating basketball shot to win the championship, sports is filled with stories of snatching a victory in the last minutes of the game. A similar poker expression was born at the 1982 World Series of Poker and it all started with Jack ‘Treetop’ Straus and ‘Single chip and a chair.’

Jack ‘Treetop’ Straus

He is best known for winning the World Series of Poker Main Event in 1982. He was also nicknamed ‘Treetop’ due to his imposing 6 ‘6″ frame. Straus began playing poker in the early 1970s. With a fearlessly aggressive playing style, his speciality was heads-up poker, and when he played full ring he was never scared to get all his chips in. 

He had much success in the WSOP main events and has two gold bracelets to his name. Straus is one of the few that have made the final table three or more times. Other players to have done this include Main Event champions like Doyle Brunson, Johnny Chan, Stu Ungar, etc. In addition, Straus is known for successfully pulling off one of the best bluffs in the history of poker.

Gutshot Poker Dictionary - Chip and a Chair

1982 WSOP Main Event

The meaning of the poker phrase ‘a chip and a chair’ was coined on this joyous day. On the second of the ME, he pushed his chips into the pot, was called and lost the hand. He thought he had been knocked out but as he stood up, he noticed a single 500 chip hidden under the napkin. It had not been included in Straus’s shove, and he hadn’t announced ‘all-in’, so he was allowed to sit back down and play.

Straus has made the final table a couple of times in the past and with his aggressive style of play. He was doubled up from a single 500 chip and by the end of the day, he had 90,000 chips. He went on to become the chip leader with 341,500 chips on the third day. Before long, Straus had single-handedly eliminated most of the final table until only he and Dewey Tomko were left. He triumphed over Tomko, the heads-up lasted just ten minutes and won the 1982 WSOP ME all with a chip and a chair. 

Jack’s epic comeback in the 1982 main event is proof positive that you should never give up in a tournament, even if you are down to hardly any chips. You just never know what could happen. It is just one out of hundreds of poker terms already available. So if you are a beginner, and are looking forward to diving deep into the sport, we’re building a bank of poker terms and you can check them all out here.

To learn different poker terms every week, keep reading GutshotMagazine.com

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Most people have probably placed a sports bet with their friends and family and didn’t even realize it. Have you ever bet someone INR 100 or your lunch on who would win a cricket or football game? If you did, you’ve made a sports bet. Sports Betting has been going on for centuries. For as long as there have been people playing sports, there have also been people betting on them. The reasons why people bet on sports often vary from person to person. Some people bet for entertainment purposes while others wager on the profit potential.  Let's have a look at some common reasons why people bet on sports: Entertainment One of the main reasons why people bet on sports is the entertainment value. Quite simply because it's fun. As much as live sports are full of excitement and fun, a small wager can amp it up even more. For some bettors it's more of a hobby than just winning money. They are happy just as long as they’re having fun. They view sports betting as a form of entertainment like any other, and their losses are simply the cost of that entertainment. Profit Potential Well, the best part about sports betting is the potential to make some money. If you’re correct on your bets, you’ll win money. Naturally, that applies in reverse, too. However, the chance to earn a profit keeps folks engaged and leaves them coming back for more. You have the ability to win, regardless of the size of your wallet. You are free to bet as often or  as little as you would like.  Skill in the Game All forms of bets come with risks but also offer a chance of winning money. A lot of people have trained themselves to become professional sports bettors. People have learned to go through stats and strategy, to gain a statistical edge in your match. Sports betting is a mental challenge that can prove to be quite stimulating. It’s possible to win money without relying solely on luck. Your fate is in your own hands, and with the right approach, it’s possible to win money on a regular and consistent basis. Satisfaction The simple joy of being right, is quite satisfying. Just like those who bet for fun, there are those who solely take up challenges to be right. They obviously appreciate the money they win from their successful wagers, but they appreciate the sense of satisfaction even more. There’s nothing more satisfying than predicting an upset. There are many reasons why people choose to bet on sports, but these are the most relatable reasons that attract bettors. These reasons can also be applied to poker, casino games, rummy and much more. It’s a fun pastime for some and can be quite rewarding for professionals. Sports betting in India is mainly illegal except for betting on horse races. India’s Supreme Court has ruled horse racing a game of skill and therefore legal. However, all other sports betting is based on the laws of the individual states or the general laws of India. For more updates on Sports betting, keep reading GutshotMagazine.com
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