Real option (finance) and Cap - Poker (gambling)

Real option (finance)

An option or option-like feature embedded in a real investment opportunity.

1) After dealing the first round, put a chip on top of the un-dealt cards for protection; usually followed by the deck.

2) Put in the maximum number of raises in a round of Betting; usually followed by the bet, the bets, or the Betting. Make the maximum raise permitted in the current round. "I' ll cap it" means that someone has put in the, say, third raise.

The limit on the number of raises in a round of Betting in limit Games.

In limit Poker Games, the cap is the limit on the number of raises in a round of Betting. In many places it's 3, for 4 bets total, but you can get into very irritating arguments about the maximum number of raises that's appropriate. A cap on the Betting makes it more difficult for players to collude. Some dealers have cutesy expressions they like to use when a pot is capped (e.g., "capuccino"). To make the final allowed raise is to cap the Betting, or to "cap it."

After I made the loose call in early position, much to my dismay the pot was raised, reraised, and capped.

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