Bust Out poker
1) To be eliminated from a game or tournament by losing all
your chips.
2) Miss the hand one is drawing to, usually in lowball.
Someone with no money of his own who hangs around a card room
waiting for a sucker to put him into
a game--by staking him or lending money that likely will not
be returned--or hoping for one of his few friends
to make a score and give him part of it; a deadbeat, or a card
room bum.