word type: noun

  1. A form of home game poker in which two or three cards are dealt and players must declare whether they are "in" or "out." The game requires the eventual winner of the hand to match the size of the pot, thus pots can become very large.

Ace High is a Good Hand in Guts

Larry David gives a brief lesson in hand values in the game of Guts in this clip from Curb Your Enthusiasm: