'Poker is not a game of cards, it's a game of betting.'
- A full buy-in at pot-limit or no-limit poker is 40 times the minimum bring-in (usually, the size of the big blind), unless designated otherwise. Facing a bet or a raise. Poker Rules Poker.
- 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. In this poker lesson we're going to use hold'em as the game format – but this time using the different betting variations; fixed-limit, pot-limit and no-limit.
Poker is played with various betting structures and rules for how much you can bet, raise or check-raise.
Pitfalls of the minimum reraise You're playing in a 9-handed $1/2 no-limit hold'em cash game and you make a standard raise to $8 with A-Q suited from middle position. Everyone folds around to the original limper who makes it $16 to go. This mostly happens in low-limit online cash games where players often misplay big pairs.
In some formats and games, for example, you can only bet a certain fixed amount for any bet and the amount of bets per round are capped; in other formats you can bet all your money in one go at any time.
If you've watched poker on TV you're likely most familiar with this form - aka 'No Limit' - which makes for spectacular 'all ins' and exciting showdowns.
The game usually being played on TV is No-Limit Texas Holdem so while these betting rules apply to many different forms of poker, consider these de facto Texas Holdem betting rules.
But No-Limit isn't the only way to make bets in poker. In fact for decades the most commonly played forms of poker were slow, steady 'Limit' betting rounds that kept variance and wild bankroll swings to a minimum. Pot-Limit formats (more on this below) are also quite common (eg Pot-Limit Omaha).
In this beginners guide to poker betting we'll take a look at the most common betting rules in Texas Hold'em and beyond. We'll start with the most popular one, of course - No Limit. It's easier to explain, even though it's not at all easy to master.
Beginners Guide to Poker Betting
No-Limit Poker
In No-Limit Poker, as soon as it's your turn to bet you're allowed to bet all the chips that you have in front of you into the pot. You don't even have to have the most chips at the the table -- you can go 'all in' with whatever you have in your stack.
As we mentioned it makes for great drama at the table and tense, cards exposed Texas Hold'em showdowns where one player is playing for their cash game or tournament life on the turn of a single card.
Don't get confused by the exaggerated scenarios of film or TV though - you still can't throw your car keys or your bearer bonds into the pot as they do it in the movies. You can't even dig into your wallet for more cash in the middle of a hand.
Today's No-Limit poker games always use a rule called 'table stakes.' It means that you can never bet anything above and beyond the money you had on the table when the hand started.
As the sharp observer will have noticed this means that there's a 'limit' to the betting after all. So 'no-limit' poker isn't actually without limits. But for the sake of simplicity, No Limit is the term used to describe it.
Don't make the mistake of thinking that no-limit poker is more dangerous for your bankroll than fixed-limit poker. It all depends on what stakes you play at. A game of Limit Texas Hold'em with blinds of $100/$200 certainly isn't cheaper than a No-Limit Texas Hold'em game with blinds of $1/$2.
Fixed-Limit Poker
In fixed-limit poker, the size of each bet is fixed in advance. In Hold'em and Omaha, the first two betting rounds use bets and raises the size of the big blind (called the small bet). In the following two betting rounds, bets and raises are twice the big blind (called the big bet).
When you specify the size of a fixed-limit game, the convention is to give the size of the small bet and the big bet. If the blinds are $1/$2, you'd say that the game is $2/$4. For the internet generation this may seem a bit odd, and it's different from no-limit and pot-limit poker. Still, it's common use.
Often, the number of raises in each betting round is limited to three or four, after which the betting is 'capped.' This means that you won't be able to put in more than $6 or $8 during the first round of betting in a Texas Hold'em game with blinds at $1/$2.
This rule is often put out of play when only two players remain in the hand, in which case they can continue raising until all their money is in the pot. If they want to, that is.
Don't make the mistake of thinking that fixed-limit poker is easier than no-limit poker. Sure, you don't stand to lose your entire stack after a single mistake, but on the other hand you won't double your stack in one single move either. Fixed-limit is another game altogether and you have to play it differently.
Pot-Limit Poker
In Pot-Limit poker the amount you can bet when it's your turn is limited by the size of the pot. The pot-limit rule goes like this:
- You can raise up to the amount that is in the pot after you have called the previous bet.
This may sound a bit complicated and in practice it can get even trickier. Have courage though; there are some tricks you can use to master the pot bet. Read are in-depth guide to the pot bet here:
Texas Holdem Minimum Raise Rules And Regulations
Don't make the mistake of thinking that pot-limit poker is safer for your bankroll than no-limit poker. Even if they are limited to the size of the pot, bets in pot-limit poker are generally not smaller than in no-limit.
Most bets in no-limit poker are actually the size of the pot or smaller.
How Betting Rounds Work in Poker
Each poker hand is made up of a number of betting rounds. The number of betting rounds depends on the poker variation.
In Texas Holdem there are four betting rounds. In Seven Card Stud there are five and in Five Card Draw there are just two betting rounds.
Fold, Call or Raise
In each betting round, the betting moves clockwise around the table. Each player in turn must either match the bet of the previous player (call) or get out of the hand (fold).
Or, instead of just calling, when it's your turn to bet you can also choose to bet more than the previous bet (raise).
When all players have either folded or called the last raise, the betting round is over. All bets that have been made during the betting round are added to the pot.
All players who remain in the hand have now put in the same amount. They have all matched the biggest bet in that betting round. You can think of this as a negotiation - players agreeing on the price to see another card.
When the betting round is over, if all players except one have folded, the remaining player wins the pot. If everybody else but you folds, you don't even have to show your cards to win. That's what makes bluffing possible in poker.
The Check
Before a bet has been made in the current betting round, the player whose turn it is can choose not to bet (check). Checking simply means passing on the turn to the next player without making a bet.
If it helps, you can think of checking as calling a zero bet. It it doesn't help you, please just forget about it.
The Check-Raise
Let's say that a player checks and another player puts in a bet. When the betting comes around to the player who checked may either fold, call the additional but - or raise!
If he raises here his move is called a 'check-raise.' This is not really a rule per se but it's still good to know what check-raising means.
Texas Hold'em Betting Order & The Blinds
At the start of each poker hand some players have to make a bet even before the cards are dealt.
This is to create a small pot to compete for. Without those 'forced bets' all players could fold every hand without any cost and poker would probably be a very slow game.
In some poker variations, the forced bets are called Blinds. The player to the left of the dealer puts in the small blind and the next player to the left puts in the big blind.
This is how it works in Texas Hold'em and Omaha. Blinds are 'live bets,' which means that they count as valid bets in the first betting round.
Once the cards have been dealt it is the player to the left of the big blind who starts the first betting round (this position is called 'under the gun'.)
He or she must either match the big blind, fold, or raise. Checking is not an option since the big blind is considered as a valid bet. Remember that you can only check if no player has bet before you in that betting round.
Important note: In subsequent Texas Hold'em betting rounds the player closest to the left of the dealer begins the betting round. SO that means while the small and big blind get to act last in the first round, if they are still in the hand they will act first after the flop is dealt.
The player with (or closest to) the dealer button will act last for the rest of the betting rounds. This is called 'having position' in Texas Hold'em and it is a very important concept for playing proper Texas Hold'em strategy.
Big Blind Has an Option
Normally in a betting round, when all players have either folded or called the current bet, the betting round is over. However, when you play with blinds there is an exception to this rule in the first betting round.
In the first betting round of Texas Holdem or Omaha, if all players fold or call the big blind the player in the big blind has an option: He or she may either check or bet.
Antes Instead of Blinds
Some poker variations use antes instead of blinds. An ante is a forced bet that all players have to put in the pot before the cards are dealt. As opposed to blinds, antes are not live bets. They are just put in the middle to stimulate the betting but do not count in betting for any one player.
When there are no blinds there must be some other rule to decide who begins the betting. In Seven Card Stud the player with the lowest card showing must start by putting in a half or a whole small bet (called bring in).
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From there, the betting goes on a usual. Since there's no big blind there's also no big blind option in the first betting round.
The Showdown
When the last betting round is over, if two or more players remain in the hand there is a showdown. Players show down their cards and the best hand wins the pot. If two hands are equally good, the pot is split equally between them.
Who Shows Cards First in Poker Showdown?
- If the pot was raised, it's the player who put in the last raise
- If there was a bet but the pot wasn't raised, it's the player who put in the first bet
- If there was no betting, it's the first remaining player to the left of the dealer
The player who shows first has to show down his or her cards. Then the other remaining players show their cards in clockwise order. If their hands are losing hands, they don't have to show their cards - they can just slide their hands to the dealer without revealing what they hold.
You can, however, always show your cards if you feel like it.
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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. In this poker lesson we're going to use hold'em as the game format – but this time using the different betting variations; fixed-limit, pot-limit and no-limit.
For simplicity we'll assume a hold'em poker game with a small blind of $1 and a big blind of $2. 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. Using our example of $1 and $2 blinds, the player 'under the gun' (this is the first player to the left of the big blind) has three options.
- He may call the $2 big blind.
- He may raise but is only permitted to raise $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.
If anyone wishes to raise then they can only do so in increments of $2, as shown here:
After this first round of betting the dealer delivers the flop. Players are still limited to a maximum bet of $2 and raises of $2. However, on the turn and river the betting amount doubles, so in our example the betting would now be in $4 increments. These are known as ‘big bets'. There isn't a choice of betting either $2 or $4. If one now wishes to bet, the amount must be $4 and raises must be in $4 increments. In fact, a fixed limit game with blinds of $1 and $2 is called a $2-$4 game due to the early betting rounds being limited to $2 and the last two rounds doubling but limited to $4.
Texas Holdem Minimum Raise Rules
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. In a $2-$4 game the most a player could wager on the first two betting rounds would be $8 (a call, raise, raise, raise) and $16 on the turn and river, if the betting was capped. It's worth pointing out that some venues will allow more than 3 raises per betting round, so be sure to know the house rules before you sit down and play.
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. So just save this little nugget of information for later in your poker development.
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. For example in a $1-$3 spread limit poker game you have the option to bet or raise anywhere from $1 to $3. The normal restriction is that each bet or raise must be at least the size of the previous bet or raise. For example if the action is on you and an opponent raised $2 you could not re-raise $1. Your options for re-raising would be either $2 or $3.
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. Let's review an example using the same stakes of a $1 and $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. Calling would simply be matching the $2 posted big blind. Folding requires nothing but mucking (throwing away) your cards. If the player wishes to raise he can raise to a total of $7. How that number is arrived at is as follows: small blind bet of $1 plus the big blind bet of $2 plus a call of $2 equals $5, which would be the raise. The raiser is then calling $2 and raising $5 for a total of $7.
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.
With $31 in the pot, the first player can bet anywhere from $2 to $31. 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 maximum he can raise is $93 more ($62 in the pot, plus the call of $31), meaning his total bet would be $124. Wow, this could get expensive!
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. So our nugget to remember at this juncture for the betting variation of pot limit is to focus to strong post flop play.
No Limit
No limit hold'em has been called by many but most notably, Doyle Brunson (legendary poker player), as the ‘Cadillac of poker'. Its name says it all – there is no limit, except the size of the blinds. Still using the same blind structure as $1 and $2, the first player to act can call, fold or raise. The difference from the other two structures is that a player can raise a minimum of the size of the big blind, but his maximum allowable bet is only limited to the chips he has in front of him at the table (the amount he started the hand with). If there has been a bet beforehand, then the minimum raise amount would be the size of the previous bet. For example, if a player bets $50 then if the next player wishes to raise he must bet at least $100. This is the same as in pot limit, but with one big different, there is no maximum limit.
To use an extreme example to demonstrate the dynamic this format of betting offers, let's imagine a player in the same $1 small blind and $2 big blind game that happens to have $10,000 in front of him. The action is on him and if he wishes to play he must at least call the $2, however he can elect to raise his entire $10,000!
So you thought pot limit could get expensive – not compared to no limit.
Please bear in mind that although this player has gone all-in for $10,000 – it's really only $200 – which is the total amount the other player can wager. He can't win money that another player doesn't have, and vice versa. This is not like the movies! If you recall the scene from the classic western comedy ‘A Big Hand for the Little Lady' – she gets up during the middle of a poker hand and runs to the bank to get the deed for the ranch – to call someone's bet. Well, you can't do that in Texas hold'em. You can't do that in any casino anywhere in the world. Poker is always played at table stakes, and table stakes means you can only wager the amount of money you have in front of you when the hand begins. You can't reach into your wallet mid-stream and pull out more money. You certainly can't run and get the deed to your ranch, and toss that into the pot – or the keys to your BMW, as a way of calling a bet. That's the movies – not real life!
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. Some prefer the smooth, relaxing ride of a carousel while others crave the adrenalin rush offered by a roller coaster.
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By Tom 'TIME' Leonard
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.
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