Originally Posted by Marco Trevix
Sorry for the intrusion, exactly what do you mean for "peel"?
Here's what I think people mean by the word "peel":
Taking an extra card (not folding/seeing the next street of action) when your equity may be questionable.
I don't consider it the equivalent of "floating" in a big bet game, but it's similar. With floating, you generally have little to no equity, but in peeling, you tend to have some backdoor/runner potential or a weaker, marginal hand.
I'm not sure there is a formal definition anywhere, but in the context of hand discussion, this is basically what I consider peeling to mean.