In addition to the many forms of poker, there are also several betting variations that are played. In our rules of poker lesson we explained how to play Texas hold’em but we didn’t mention the betting limits in our example hand, as it may have been a case of too much, too soon. While the three different betting structures will all be posting the same amount, you’ll see a big difference in how the games will play due to the different betting variations. Fixed Limit In fixed limit, as its name implies, one’s choice of how much to bet is fixed by the stakes. 2 as the limits are fixed.
He may fold and sit out this hand and wait for a new deal. He may not check as the purpose of the blinds is to create the initial action. After this first round of betting the dealer delivers the flop. In fixed limit games, each round of betting usually has a maximum number of allowable raises, which is generally capped at three. If there’s a bet, it can usually only be raised three times, after which all players must call, or fold. 16 on the turn and river, if the betting was capped. It is generally believed that the primary strategy for a fixed limit hold’em poker game stresses the importance of value betting.
We will be explaining and expounding upon value betting and other strategic nuances of poker in later lessons but for now just know that value betting occurs when you actually want your opponents to call your bets as you believe you hold the best hand. It’s also worth briefly mentioning a variation on fixed limit called spread limit poker. It’s very similar to fixed limit except the amount of the allowable bet is fixed to a range rather than a particular amount. The normal restriction is that each bet or raise must be at least the size of the previous bet or raise. Pot Limit In pot limit play the amount a player can wager is determined by the size of the pot, hence the name pot limit. Pot limit play can get a whole lot pricier than limit play. As the size of the pot grows, the size of the bets can also increase. 2 blind structure, as we did in limit play. In pot limit the first player to the left of the big blind has the same options as the player in fixed limit in terms of calling, raising or folding. The difference is in how much he can raise.
To demonstrate the dramatic difference between our first variation of betting in fixed, let’s see what can happen after the flop in pot limit. The next player has several options, but if he wishes to raise then the minimum amount he can raise is the size of the previous bet. The thing to remember in pot limit is a player who wishes to raise first counts the amount he would need to call and adds it to the pot and then can raise the size of the pot. As you can see the betting in pot limit hold’em can escalate much quicker than in fixed limit hold’em. The emphasis in pot limit is placed on post flop play. The reason for this is that you can normally see flops fairly cheaply before the pot grows to the size where raises can get pretty expensive. 2, the first player to act can call, fold or raise.
He can’t win money that another player doesn’t have, and vice versa. This is not like the movies! Conclusion The betting variations described in this lesson are listed in order of excitement, danger, risk and reward. The first variation, fixed limit is safer than either of the other two due to the limit which can be bet. As you can see both pot limit and no limit can become daunting as the amounts bet and raised can escalate very quickly. Which you may favour becomes a matter of taste. Tom has been writing about poker since 1994 and has played across the USA for over 40 years, playing every game in almost every card room in Atlantic City, California and Las Vegas. The betting variations described in this lesson are listed in order of excitement, danger, risk and reward. 2 has the option to call, raise or fold.