It is the entry fee paid by people who realistically have no chance of finishing in the money.
gr. Dave
Bustah,
If it weren't for people like me (Dead Money) there would be no major tournaments. We are a group of dedicated players who enter for the enjoyment of the game. To sometimes win a few matches is our goal. Cashing is a major accomplishment. Winning is a dream seldom, if ever, reaching fruition. I take the term as a positive description rather than a slight. My entry may be dead money but I'm not!
Lyn
I've heard the term more often in poker. When you shove your stack in and you're drawing against the nutz, it is dead money.
This is not correct. Poker uses the term dead money for two things:
1) Players who play in a tournament or cash game who realistically have no chance of winning or getting in the money (same meaning as in
pool), fish would be another term used to describe these players.
2) Money (chips) in a pot that was put in by players who are no longer involved in the hand, easiest example would be when ante's are involved
but the player who pays the ante folds pre-flop. His chips are still in the pot but he has 0 chance of winning the hand, this is dead money.
The situation you describe is called drawing dead, not dead money.
gr. Dave
I should change my screen name to deadmoney if I were foolish enough to enter a tournament.
Reading the new update for the upcoming US Open, I came across a term I've not heard before -dead money. Can someone explain this?
I disagree on 1. There is no such thing as not a realistic chance in poker. Unlikely, yes. We've seen enough mediocre players finish in the money at wsop to see someone on the extreme positive side of variance can beat anyone over a short period of time.