Definition of Bleeding Chips
What does the term "bleeding chips" mean in the game of poker? What is meant when somebody is said to be "bleeding chips"?
"Bleeding chips" refers to when a player in a poker game is slowly but surely losing all of the chips in their stack.
For instance, let's say that you are playing in a $100 tournament at your local casino. After starting out strong, you hit a patch where you are completely "card dead". With the blinds and antes constantly going up, and with you constantly having to throw away all of your cards, you find yourself "bleeding chips" in a rapid fashion. After being one of the early chip leaders, you soon find yourself with a smaller than average stack. After multiple orbits of frustration, you decide to push holding a pair of Fours (after all, you reason, it has been your best hand in almost two hours) and are called by the BB who wakes up with pocket Aces. The better hand holds up and you are eliminated short of the money.
Casual players will often find themselves "bleeding chips" thanks to their insistence on playing weak hands out of position.
For instance, let's say that a weak player is sitting in a $1/$2 cash game. There is an early raise and a call. Action folds around to the weak player in the SB who is holding the 4-5 of diamonds. This player is not getting the proper odds to call but decides to call anyways, hoping to hit something on the flop.
The flop brings Ks-Kc-Ah. The weak player in the SB checks and clearly can not continue on in the hand. The original raiser leads out with a bet and both of his opponents fold.
Being a "calling station" can lead to a player "bleeding chips".
Recent Articles That Include The Term Bleeding Chips:
Back to the - Poker Dictionary