noun Informal.
a person who does anything in a contemptibly small or cheap way.
a stingy, tight-fisted person; tightwad.
a person who gambles, speculates, etc., in a small, cautious way.

1275–1325; Middle English: petty thief, equivalent to pik(en) to pick1 + -er1; compare dial. (N England, Scots, Hiberno-English) pike to pick1

2. cheapskate, penny pincher, skinflint.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
piker (ˈpaɪkə)
1.  (Austral) a wild bullock
2.  (Austral), (NZ) a useless person; failure
3.  (US), (Austral), (NZ) a lazy person; shirker
4.  a mean person
[C19: perhaps related to pike³]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

"miserly person," 1872, formerly "poor migrant to California" (1860), earlier pike (1854), perhaps originally "vagrant who wanders the pike (1)" (which is the notion in Sussex dial. piker "vagrant, tramp, gypsy," 1838), but Barnhart and others say the Amer.Eng. word ultimately is a reference to people
from Pike County, Missouri.
Online Etymology Dictionary, © 2010 Douglas Harper
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