Liar's poker is an American bar game that combines statistical reasoning with bluffing, and is played with the eight digits of the serial numbers on a U.S. dollar bill. The numbers are usually ranked with a zero counting as a ten, and a 1 being highest as 'ace'. Normally the game is played with a stack of random bills obtained from the cash register. The objective is to guess how often particular digits appear across all bills held by players, with guesses increasing in value or quantity until a player challenges the most recent guess.

Liar's dice is a similar game played with dice, and Commune is a similar game played with cards.

Liar's poker is an American bar game that combines statistical reasoning with bluffing, and is played with the eight digits of the serial numbers on a U.S. The numbers are usually ranked with a zero counting as a ten, and a 1 being highest as 'ace'.
You not only go by your ### you use the other players ## too. One starts by telling what he has then the other says something else. You can continue. Then when you think you have the other beat you call him then if you beat his hand you win if not he wins.
Wall Street's biggest banks could be broken up by the U.S. Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, 'Liar's Poker' author Michael Lewis said on.

Liar's Poker is played using randomly picked currency from your wallet. The denomination does not matter. Hoarding ringers is strictly not allowed. All players must agree on the stakes, for example $1 per person per round.

Gameplay

Each player takes a dollar bill and looks at its serial number, without letting any other players see. A player is chosen to start, and they make an opening bid on how many of a particular digit they believe appears across all serial numbers held by the group. For example, if the first player bids three 6s, he is predicting that there are at least three 6s among all the players' banknotes, including his own.

The next player can bid a higher number at that level (three 7s), any number at a higher level (four 5s) or challenge. The game continues clockwise around the table until a particular bid attracts a challenge from every player other than the bidder.

When a challenge is made, each player reveals how many of the bid number they have on their note's serial number. If the challenge was correct (and the number on the bills is lower than the challenged bid), the bidder loses a dollar to each of the other players. If the challenge was incorrect, the bidder wins a dollar from each of the other players.

Trading floor personnel of the kind to be found in Michael Lewis's book in the 1980s often played a variant on the above whereby a player who is called by all the other players can raise his own bid, thereby doubling the bet. For example, if he is called by all the other players on five fours he can then bid, say, five fives, with the bet doubled to two dollars. Called again, he might then go to five sixes, with the bet increased to four dollars. In this way, a clever player might reach his intended target of, say, five aces and win, say, sixteen or thirty-two dollars from each of the remaining players instead of merely one dollar. For this reason, many finance professionals discounted Michael Lewis's story of the 'million-dollars-no-tears' bet allegedly proposed by CEO John Gutfreund on the grounds that there can be no single-stake bet in Liar's Poker because one cannot know whether or not the bet will be escalated in this way.

In popular culture

In the 1965 film Cat Ballou, the sheriff is confronted playing liar's poker at the barn dance.
In the 1972 film 'The Getaway', Steve McQueen's character Doc McCoy challenges Ali MacGraw's character to a game while looking at a bill, by saying 'Five fours'.
Elliott Gould's and Jim Bouton's characters play a round as friends in the beginning of the 1973 neo noir film, The Long Goodbye.
In the 1977 movie Semi-Tough, Burt Reynolds' and Jill Clayburgh's characters play an ongoing game of liar's poker periodically throughout the movie.
Characters on the show Quincy M.E. were often seen playing Liar's poker.
In the WKRP in Cincinnati episode 'Herb's Dad', Herb's father, and later Herb himself, play liar's poker with Johnny and Venus.
In Season 3, episode 8 of Magnum, P.I., 'Foiled Again,' Magnum and his two friends pass the time by playing liar's poker.
In his 1989 book Liar's Poker, Michael Lewis details how Salomon Brothers traders would play liar's poker. He recounts how John Meriwether once challenged CEO John Gutfreund to a game of liar's poker for stakes of ten million dollars.
A game of liar's poker was played in an episode of the TV series Hustle (Season 3, Episode 3) where one of the main characters plays and loses against two merchant bankers.
In The Wire episode Dead Soldiers, Tommy Carcetti and Anthony Gray play a game.
In the 2011 movie Hall Pass, the group of characters play a game.
Anne O Faulk's novel Holding Out uses the game as a plot point.

COMMENTS

Thorin Style Liar’s Poker

LIAR’S POKER is an entertaining card game based on poker that I learned many years ago. It uses many of the same basic mechanisms as poker, but is not properly speaking a poker variant, because it does not involve betting. It can be played with a group of any size, and since it is a very quick game and involves only a single hand of cards which is passed from player to player, it can be played almost anywhere, such as in a restaurant or on a road trip.

The name Liar’s Poker also applies to a game played with dollar bills, which involves their serial numbers and is related to Liar’s Dice. Both games involve bluffing, psychology, and raising the bid, but that is where the similarity ends.

What follows are the rules to my own home-brewed version of Liar’s Poker.

COMPONENTS:

A standard 52 card deck. Jokers are optional.

BASIC RULES:

One player draws a hand of five cards from the deck. He then declares what the hand contains, in poker terms, being as vague or as specific as he wants. He may, of course, be lying.

Example declarations:

Three of a kind.
Spade flush.
Queens over fours.
Queens over fours with a nine kicker (or backer).
Ace of clubs, jack of diamonds, ten of diamonds, seven of hearts, three of clubs.

The player with the hand of cards is called the active player. The next player is said to be under the gun. The player under the gun decides whether the active player is bluffing or not. He may either take the hand or challenge.

If he takes the hand, he becomes the active player. He may discard as many cards as he likes and refill his hand to five. He then makes a new declaration of what the hand contains. The next player must now decide whether to take the hand or challenge.

If, on the other hand, he challenges, the active player reveals the hand. If it is as good as the active player declared it to be or better, the player under the gun is out of the game. If it is worse than the active player declared it to be, then the active player is out of the game. In either case, the round is over and a new round begins. The player who won the challenge begins the next round.

The only restriction on the active player’s declaration is that the hand he names must be better than the hand the last player named. To be more precise: The worst possible hand the active player could hold and still be telling the truth must be better than the worst possible hand the previous active player could have held and still be telling the truth.

Example: Annie is the active player and declares that she holds two pairs. Bart accepts this and takes the hand. He discards and draws one card, and then declares that he holds two pair, sevens over threes. This is a legal declaration because the worst hand he can hold and be telling the truth is 7-7-3-3-2, which is better than the worst hand Annie could have held and be telling the truth, 4-3-3-2-2.

So, in general, to say the same thing as the last player but be more specific is legal. Note that the only two pair hand Bart could not have declared is threes over twos, because this would necessarily be any better than 4-3-3-2-2.

Chrissie accepts the declaration and takes the hand. She chooses not to discard any cards. She declares that the hand is, in fact, sevens over threes with a jack kicker. Since this is better than 7-7-3-3-2, it is a legal declaration.

Dirk accepts this and takes the hand. He discards and draws three cards and then declares that he has three of a kind. He doesn’t need to name any specific cards because any three of a kind is better than two pair.

Ellie doesn’t think Dirk is on the level. She challenges, and he reveals Q-7-7-6-2. Ellie was right, so Dirk is out. Because Ellie was correct, she begins the next round.

RANKS OF HANDS:

Hands are ranked as in standard poker, with two exceptions: the color flush and color straight flush. Hand types are ranked below from lowest to highest, along with descriptions of which hands outrank other hands of the same type. (Because declarations of hands in Liar’s Poker often change only slightly from player to player, the tiebreak rules come into effect much more often than for ordinary poker.)

HIGH CARD: None of the other hand types apply. The rank of the hand is determined by the highest card, and ties are broken by the second-highest card, and so on. Thus, a declaration of 'king high' can be followed by a declaration of 'king-ten high,' because this guarantees a better hand than 'king high' guarantees. 'King-ten high' cannot be followed by 'queen-jack high,' because that describes a worse hand.

PAIR: The hand contains two cards of the same denomination. The rank of the hand is determined by the rank of the pair, and ties are broken by the other cards, or kickers, in order from highest to lowest.

COLOR FLUSH: All five cards are the same color. The rank of the hand is determined by the ranks of the individual cards from highest to lowest. The existence of a pair in a color flush is irrelevant—thus, Q-J-9-4-2, all red beats Q-10-10-4-2, all red. It is irrelevant whether the hand is red or black. Thus, if the last player declared Q-J-9-4-2, all red, then if you want to declare an all-black hand, it must be better than Q-J-9-4-2.

Liar S Poker Rules Dollar Bill

Liars Poker Rules Dollar Bills Free

TWO PAIR: The hand contains two pairs. The rank of the higher pair is the first priority in ranking the hand, followed by the rank of the lower pair, and finally the rank of the kicker.

THREE OF A KIND: The hand contains three cards of the same denomination. The rank of the hand is determined by the rank of this set of three, followed by the two kickers in order.

STRAIGHT: The five cards are of consecutive denominations—for example, a 4, a 5, a 6, a 7, and an 8. The rank is determined by the highest card.

FLUSH: All five cards are of the same suit. The rank of the hand is determined from highest card to lowest card.

FULL HOUSE: Three cards are of one denomination are two are of another. The rank of the hand is determined first by the group of three, then by the group of two. So, 8-8-8-4-4 beats 7-7-7-Q-Q.

COLOR STRAIGHT FLUSH: All five cards are the same color and are of consecutive denominations. The rank is determined by the highest card.

FOUR OF A KIND: The hand contains four cards of the same denomination. The rank of the hand is determined by the rank of the group of four, followed by the rank of the kicker.

STRAIGHT FLUSH: The five cards are all of the same suit and are of consecutive denominations. The rank is determined by the highest card.

FIVE OF A KIND: All five cards are the same denomination. Obviously, this is only possible when there are wild cards in play. The rank of the hand is determined by the denomination.

CLARIFICATIONS:

The worst possible hand you can have is 7-5-4-3-2. The first player’s declaration must preclude his holding this hand. Therefore, the lowest declaration the first player can make is 7-6 high.

Aces are generally high, but can be low as part of an A-2-3-4-5 straight.

If jokers are used, they are wild.

Remember, if you challenge a player and he is lying, you’re still out if his hand is better than he said it was.

STRATEGY:

Some hands can easily be improved upon (such as 'three of a kind'), and some can’t (such as 'three fours and an ace-king.') If the active player names a hand that’s difficult to improve on and you’re under the gun, you should usually challenge.

The flip side of this is that it sometimes pays off, when holding an easily improvable hand, to name a worse but less improvable hand in hopes of getting the next player to challenge. For example, instead of declaring 10-10-5-5-2, you might declare 10-10-A-K-J.

It often helps to have a plan in mind when you accept the cards. If you’re forced to bluff, it won’t look so contrived.

If you want to try and knock out a player several seats away, try making an easily improvable bluff early in the round. The bluff may remain mostly unchanged until it stops being improvable, in which case someone is getting caught.

Another funny trick you can pull is to discard cards that are part of a set, and then name the same set with improved kickers, assuming the next player will routinely accept it, and planning to challenge if it gets around to you again.

If you accept a hand and it turn out that you’ve been lied to, you will often find it better to discard fewer cards and pretend the declaration was true than to discard more cards in hoping of genuinely improving the hand. This works better the more players remain.

VARIANTS:

To add another dimension to the game (and make it last a little longer), give each player one 'pass.' The player under the gun now has three options: Take the hand, challenge, or pass. If the player under the gun passes, the next player in clockwise order goes under the gun. If all players other than the active player pass, the hand is thrown in and the active player starts a new one. Each player can only pass once per game, which you may keep track of by giving each player a token of some kind.

In friendly poker games, the dealer is often given the choice of what variant to play. You can do something similar with Liar’s Poker. Before starting a new round, the active player gets to name variations on the rules in effect for that round. The following suggestions can also be used as permanent variants.

Liar's Poker Rules Dollar Bills

Example variants:

Name wild cards for the round.
Limit the number of cards each player can discard after accepting a hand.
Require that each player discard at least one card after accepting a hand.
Allow each active player to discard and draw twice instead of once.
Increase the hand size to seven for the round. When someone challenges, the active player’s hand counts as the best combination of five cards.
Change the order or status of hand rankings. For example, 'No color flushes,' or 'two pair beats three of a kind.'
Expose one or more of the cards in the hand so all players can see. Specify whether or not the active player is allowed to discard from along the exposed cards.
Combine two or more of these, or make up variants of your own.