How To

How to Play Wall Street Poker

By joshcrank, eHow Member Rating
Rate: (1 Ratings)

Although Texas Hold’em has taken the poker world by storm and is frequently the only game you’ll find being dealt in most casino cardrooms, there are plenty of unique games to deal at home. One of the most exciting, competitive, creative and potentially costly is Wall Street, a variation of seven card stud.

Difficulty: Moderately Challenging
Instructions

Things You'll Need:

  • Poker chips
  • A standard deck of playing cards
  • 3 to 7 players
  1. Step 1

    Wall Street is a limit poker game, so define the betting limits of each round prior to dealing the first hand.

  2. Step 2

    All players place their ante bets. The dealer must deal two cards down and one card up to each player, just as in seven-card stud. The dealer must then place four cards face up in the middle of the table, lined in a row from the dealer’s left to his right. These cards represent Wall Street.

  3. Step 3

    Betting begins with the player to the dealer’s immediate left. The first player can either check, or pass, to the next player or bet the limit. Play moves around the table towards the dealer. If a bet is made, all players wishing to remain in the hand must call the bet in turn to stay in. If a player opts to raise the bet by adding the equivalent of the limit to his called bet, all players must call the raised bet in turn to stay in the hand. The betting round is concluded when all remaining players have placed an equal number of bets in the pot.

  4. Step 4

    Beginning with the player to the dealer’s immediate left, each player has the option of taking a free face-up card from the deck or buying a card from Wall Street. The Wall Street card on the dealer’s left costs the game limit, the next card costs twice the limit, the third card costs three times the limit and the rightmost card costs four times the limit. Chips used to purchase Wall Street cards are added to the pot. After each Wall Street card is purchased, it is immediately replaced with another card from the deck.

  5. Step 5

    Another round of betting takes place, followed by another round of taking free face-up cards or purchasing cards from Wall Street. Each active player should now have five cards.

  6. Step 6

    There is another betting round and another round of taking face-up cards. Active players should have six cards, the first two face down.

  7. Step 7

    Another round of betting takes place. Each remaining player is dealt a final card face down. A final round of betting follows.

  8. Step 8

    All remaining players must show their hands. The pot is split by the highest and lowest hands. Just as in seven card stud, each player’s actual hand is a five-card combination of the seven available cards. High hands are determined by the traditional poker hand hierarchy, with the Royal Flush being the best hand. Low hands are hands with five cards of unique rank with all cards 8 or lower and the Ace counting as the lowest rank. The best low hand is the Ace-2-3-4-5.

Tips & Warnings
  • The optimal strategy is to play for both the high hand and low hand simultaneously. You can use different five-card combinations to qualify for each hand and potentially win the entire pot.
  • This game can quickly get expensive. If you’re playing with a $1 limit for all rounds, a $1 ante and a three-raise maximum per round, each round can cost you as much as $8. Each hand can cost you as much as $41!
  • If you buy several of the more expensive cards and ultimately win half of the pot, it’s possible to still lose money on the hand.

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