With the expressionless face of the born gambler, the man glanced at his draw, and laid the five cards face downwards on the table in front of him. Not a muscle twitched as he leaned back in his chair, his right hand thrust deep in his trouser-pocket. So had he played all through the evening, losing with steady persistence and losing highly: losing, in fact, as only a man can lose who is holding good cards at poker when somebody else is holding a little better. And now he had drawn one card to three of a kind, and it had come off. There were four eights in the hand in front of him, and they had made their appearance just in time. For Billy Merton knew only too well that the chips by his side represented everything that was left out of a matter of twenty thousand pounds. The play was high at the Ultima Thule Club in Bond Street. A fat man opposite him had also taken one card, and Merton’s keen eye noticed the twitching of his fingers as he laid his cards down. A bad gambler, but having a run of the most infernal luck, this fat fellow. So much the better: he’d probably got a straight at least—possibly a full house. Fours could be ruled out: the fat man was the type who would always discard two if he held three of a kind. They were playing without a limit, and at length Billy Merton leaned across the table. "My chips are finished, I’m afraid," he remarked, with a faint drawl. "Will you take paper till the end of the hand?" "Certainly," said the fat man, in a voice which shook a little. "Good!" With his left hand Merton scrawled an IOU, quite regardless of the spectators who had collected at the rumour of big play which flies round with such mysterious rapidity. He might have been playing halfpenny nap for all the interest he apparently took in the game. The fat man saw him at five thousand pounds—which was just four thousand more than Billy Merton possessed in the world. And the fat man laid down a straight flush. "You’re lucky, sir," said Merton, with a genial smile, lighting a cigarette with a perfectly steady hand. "I’ll just cash a cheque and get you the chips."