noun General Slang

Liar's Poker

· noun · finance

Bond traders' bluffing game played with the serial numbers on dollar bills.

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Definitions

1

A bluffing game traders play on the desk using the eight-digit serial numbers on dollar bills. Each player treats their bill's digits as a hidden hand and bids on how many of a given digit are present across everyone's bills combined. You either raise the bid or call the previous player a liar. Famously the favoured pastime of Salomon Brothers bond traders in the 1980s.

“After the close they'd pull out hundred-dollar bills and play Liar's Poker until someone got cleaned out.”
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2

By extension, the title of Michael Lewis's 1989 memoir about his time as a Salomon Brothers bond salesman, now shorthand for the swaggering, deceit-soaked culture of 1980s Wall Street.

“Every finance bro on the trading floor has a dog-eared copy of Liar's Poker on the shelf.”
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Liar's Poker In A Sentence

After the close they'd pull out hundred-dollar bills and play Liar's Poker until someone got cleaned out.
Every finance bro on the trading floor has a dog-eared copy of Liar's Poker on the shelf.

Origin & Usage

Popularised by Michael Lewis's 1989 book Liar's Poker, recounting the game as played on the Salomon Brothers trading floor.

Variants Liars Pokerliar's poker
Tags #finance#wall-street#trading#bonds

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