Five Card Stud is similar to Five
Card Draw, the difference being that you do not ever get a chance to replace
cards in your hand and therefore do not get a chance to improve that hand.
As in Seven Card Stud you get a hole card and 4 open cards for all to see.
Most versions play the final card as a community card. Since there is no
chance to improve your hand, the winning hands tend to be either pairs
or high cards and it is hard to string people along to the final street.
Some variations on Five Card Stud alleviate this by making the last card
a pocket card allowing for some raises.
The Open
The hand starts with the dealer handing
each player 2 cards. First cards dealt are a hole card and then the dealer
follows up with an open card for each player. Wagering then begins, usually
with the high open card going first and then following clockwise. This
continues until betting is over. These are the first two “Streets”.
Third Street
The dealer then hands out a third
card, which is another open card. This is followed by another round of
betting. Betting begins again with the highest open card opening and continues
until there are no more bets made. Then it is time for the Fourth Street.
Fourth Street
Again the dealer hands out an open
card, which is then followed by another round of betting. Betting again
continues until all call and then it is on to the Fifth Street.
Fifth Street
The Fifth Street is the final card.
Usually this is an open card but some variations play this as a hole or
pocket card to make the game more interesting. This variation creates more
uncertainty about which cards your opponent’s hole cards could be and allows
for more interesting betting opportunities. Bluffs and more creative betting
make this variation more interesting than four straight open cards.
Another variation is to have both
the first and second cards remain hole cards, for much the same reasons
as making the fifth card a hole card. The problem with having only the
first card as a hole card is that even beginning players get a feel for
the odds of any particular player having a better hand than theirs, based
on their open cards. Therefore it is difficult to have an interesting hand
of cards as betting tends to be rather a bit more conservative as a result.
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