Last Bet ( poker )
1) A betting scheme, used only in home games, in which the betting on one
round begins with the player who initiated
the betting on the previous round (if there was no raise), or with the player
who put in the last raise that was called around.
In stud games, the actual boards of the players have no relevance. If there
was no betting on the previous round, then it goes
back to the last bet of the round before. For example, in a stud game, after
the first up card, John, under the gun,
makes the forced high-card bet, showing an ace. Two players call, and Bill
raises, showing a queen.
One player calls behind, as do John and the other two players. On the next
card, John has A-K and Bill has Q-J. Bill,
having put in the last raise, bets first. All call. Bill is again first on
the next round.
2) In a hand featuring bets with multiple raises, the last raise on a particular
round.
"The live one put in the last bet every round and caught runner-runner
spades."
This means that the player in question raised every round, perhaps putting
in the third or fourth bet.
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