In poker, dead money is the amount of money in the pot other than the equal amounts bet by active remaining players in that pot. Examples of dead money include money contributed to the pot by players who have folded, a dead blind posted by a player returning to a game after missing blinds, or an odd chip left in the pot from a previous deal. For example, eight players each ante $1, one player opens for $2, and gets two callers, making the pot total $14. Three players are now in the pot having contributed $3 each, for $9 "live" money; the remaining $5 (representing the antes of the players who folded) is dead money. The amount of dead money in a pot affects the pot odds of plays or rules of thumb that are based on the number of players.
The term "dead money" is also used in a derogatory sense to refer to money put in the pot by players who are still legally eligible to win it, but who are unlikely to do so because they are unskilled, increasing the expected return of other players. This can also be applied to the player himself: "Let's invite John every week; he's dead money". The term "dead money" also applies in tournaments, when many casual players enter events with virtually no chance of winning.
Famous quotes containing the words dead and/or money:
“But psychoanalysis has taught that the dead—a dead parent, for example—can be more alive for us, more powerful, more scary, than the living. It is the question of ghosts.”
—Jacques Derrida (20th century)
“... we shall never become an immense power in the world until we concentrate all our money and editorial forces upon one great national daily newspaper, so we can sauce back our opponents every day in the year; once a month or once a week is not enough.”
—Susan B. Anthony (1820–1906)