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Limit, Pot-Limit and No-Limit games
There are three betting variations in poker: limit, pot limit and no-limit games. These structures determine the rules of the betting in the game.
Limit poker
Limit poker is where you can only bet a fixed amount per round of betting. These fixed limits are often written as “lower limit – upper limit.” For example, $5-$10 limit hold’em game means that the lower limit is $5 and the upper limit is $10. In hold'em and omaha, the lower limit applies to the preflop and flop bets/raises and the upper limits applies to all bets/raises made on the turn and river.
For example, if you were playing $30-$60 hold'em or omaha, the bets pre-flop and on the flop are $30. The bets on the turn and river are $60.
Pot Limit poker
Pot limit is more complicated. In a nutshell, a player at any time is allowed to bet any amount up to the size of the pot, hence the name ‘pot limit.’ However, the complication arises because it is difficult to keep track of the size of the pot and therefore keep track of the maximum allowable bet. Fortunately, with internet poker, this complication is eliminated as the computer calculates the size of the pot in an instant and provides you with this information.
For example, if there is $400 in the pot before the flop, a player can bet anything up to $400 on the flop. If a player bets $100 into a $400 pot on the flop, the pot would be $500 in total. If you wanted to raise, you could raise anything up to $600. You may be wondering why the pot limit raise is $600 and not $500. Well the reason is this: Before the flop there was $400 in the pot. On the flop, your opponent bet $100. To raise, you must theoretically call his $100 and then raise. As such, the pot was $500 but because you are effectively calling the $100 before raising, the pot limit increases to $600. Therefore, your raise can be anything up to $600. In online poker, though, you simply choose how much to raise when, so you don't need to do all the maths yourself.
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