Barter with the guy, tell him you'll give him $50 because there isn't a lot of traffic and you don't need the domain desperately, put him on the spot so he has to make a decision. He'll probably counter offer, and then go from there and strike a deal.
If the domain is registered till 2011, you'll get it till then, and then you'll need to renew it. You can use the same domain registrar that it's currently at or you can ask him to transfer it out to another registrar. It's probably best that you get the domain at the current registrar first and then you can manage the transfer out yourself.
Don't send the money first, especially if you just found him via whois. The best thing to do is use a service like escrow.com or ask him to send the domain first. You just have to work something out between yourselves, you could also send half first and then he sends you the domain, and when you get it you send the rest.
EDIT: If the domain is poker related and it's just parked the chances are he/she is a domain squatter, so you can definitely barter on the price.
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