Bill of exchange drawn on a bank and payable on demand. Checks have become the chief form of money in the domestic commerce of developed countries. As a written order to pay money, a check may be transferred from one person to another by endorsement. Most checks are not paid in currency but by the debiting and crediting of bank deposits. There are several special forms of checks. A cashier's check is issued by a bank and has unquestioned acceptability, as does a certified check, which is a depositor's check that has been guaranteed by a bank. Traveler's checks are cashier's checks sold to travelers, which must be signed twice by the payee, once when the check is issued and once when it is cashed; reimbursement is guaranteed if they are lost or stolen.
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This might be done, for example, when the first player believes that an opponent has an inferior hand and will not call a direct bet, but that he may attempt to bluff, allowing the first player to win more money than he would by betting straightforwardly. The key point is that if no one else is keen to bet, then the most a player can raise (in a limit game) by is one single bet. If someone else bets first, he can raise, therefore increasing the value of the pot by two bets. In a no-limit game, there is no restriction to the size of one's bet and a raise is likely to be much larger than the second player's bet. Of course, if no other player chooses to open, the betting will be checked around and the play will fail.
While it can be an important part of one's poker strategy, this play is not allowed by a house rule in some home games and certain small-stakes casino games. It is also frequently not allowed in the game of California lowball.
Check-raises can also be used as an intimidation technique over the course of a game; a player who has frequently been check-raised may be less likely to attempt to steal the pot.
Not all players agree that a check-raise is an especially effective play, however. In Super/System, poker legend Doyle Brunson claims to check-raise very rarely in no-limit hold 'em; he contends that it is more profitable to simply bet a quality hand, regardless of whether his opponent will try to bluff. His reasoning for this is twofold: Firstly, a failed check-raise gives other players the chance to see free cards that may improve their hand, and secondly, it makes it obvious to other players that you potentially have a very strong hand. The latter, however, may be used as a strong bluff technique, although the opponent could put in a reraise to scare off a bluff.
Check 21: A Step on the Path to Electronic Banking: The Fed Envisions a U.S. Payments System That Is More Reliable, Faster, and Less Expensive as Check Processing Becomes Primarily Electronic, Displacing Today's Methods of Processing Paper Checks. "Check 21" Is Helping to Pave the Way
Jun 22, 2005; check 21 takes effect The check Clearing for the 21st Century Act, known as check 21, became effective...