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
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. Pot-Limit is for players who want something in between No-Limit and Fixed-Limit Texas hold ‘Em. With Pot-Limit, you can’t bet your whole stack, but you also aren’t hindered in betting big by the caps. With this variation the most money that you can bet is what’s on the pot, plus any other bets on the table, plus your required call before the raise. It’s good to learn all about the differences between the three.
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.
- In Texas hold ’em, more than one player often will have the best hand. When this happens, the pot is split. Fixed-limit hold ’em games have a two-tiered betting structure, with the lower limit used in the first two betting rounds and the higher limit (which is usually double the lower limit) used in the final two rounds of betting.
- In Limit Hold’em, you’ll often have a pot equity edge, even with less than 50% equity, if there are many players in the hand. If you can get them to keep putting chips in the pot, you should probably raise with such an edge. If some of them will fold, though, you should probably just call.
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.
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.
Related Lessons
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.
Related Lessons
Related Lessons
One of the more confusing aspects of Texas Hold’em for beginners is how betting works during the game. Depending on the structure of the game you’re playing in, the rules for betting can be very different, and sometimes rather confusing. Here’s a quick guide to Texas Hold’em Betting that should help you understand exactly what’s going on.
Texas Hold’em Betting: General Rules
In Texas Hold’em, betting begins to the left of the dealer button and moves around the table clockwise. At the beginning of a hand, two players must make forced bets, called blinds, in the two seats directly to the left of the button. At any time, players have the option to call the current bet, raise the current bet, or fold their hand. If no bets have been made yet in a round, players also have the option of passing their turn by checking.
Each Texas Hold’em betting structure also has its own betting rules.
Texas Hold’em Betting: Limit Texas Hold’em
In Limit Texas Hold’em, betting is structured so that all bets on a given round are of the same size. In the vast majority of cases, a smaller bet is required in the first two rounds of betting, with a larger bet required on the turn and river.
Generally, a Limit Texas Hold’em game will be named based on the size of these bets. For instance, a $2/$4 Limit Texas Hold’em game will have $2 bets and raises early in the hand, and $4 bets and raises later in the hand. The large blind is usually the size of the smaller bet (in this case, $2), and the small blind will be about half the size of the large blind (again, in this case, $1).
Texas Hold’em Betting: No Limit Texas Hold’em
In No Limit Texas Hold’em, betting limits are mostly eliminated. When players bet or raise, they now have the option of betting as much of the money they have in front of them as they like. The only restriction is that any bet must be at least the size of the big blind, and any raise must be at least as large as the raise that proceeded it.
Most No Limit Texas Hold’em games will be named after the size of the blinds being used. A $1/$2 No Limit game will have a $2 big blind, and a $1 small blind. Each bet will need to be at least $2. If a player raises that bet to $6, that is a raise of $4; if another player wishes to raise again, they will need to make the bet at least $10 ($6 plus the $4 size of the previous raise).
Texas Hold’em Betting: Pot Limit Texas Hold’em
Pot Limit Texas Hold’em betting is slightly more complex than in the above examples. While players may raise more than they can in Limit games, they do not have complete freedom as in No Limit games. Instead, players are limited by raising the amount of the current pot size.
Calculating the pot size for these games can sometimes seem complicated. The pot is considered to be the total of the chips already in the pot on previous rounds, bets made on the current round of betting, and the amount the current player would need to call before making a raise.
For instance, imagine a pot that already has $50 in it. A player then opens the betting on a new round with a $20 bet. If the next player wishes to raise, the pot size is:
$50 for the previous rounds’ bets
$20 for the current round’s bet
$20 for what the next player would have to call to stay in the hand.
This means that the current pot is considered $90, and the player may raise an additional $90 beyond that. Thus, the player may put up to $110 into the pot — $20 to call, and another $90 to raise.
As with No Limit Hold’em games, the games are usually named based on the size of the blinds; a $1/$2 Pot Limit Hold’em game will have a small blind of $1 and a large blind of $2.
Texas Hold’em Betting: Spread Limit Texas Hold’em
While it’s a less common variant, you may sometimes find Spread Limit Texas Hold’em games available. These games allow players to bet or raise anywhere in a given range of allowable bets. For instance, a $1-$5 Spread Limit Texas Hold’em game would allow bets anywhere from $1 to $5. As with other games, normal betting rules still exist; specifically, a raise must be at least the size of the previous bet or raise (in other words, if one player raises $5, the next cannot raise $1).
Texas Holdem Betting Strategy
Betting is the crux of poker. The game of Texas Hold’em consists of a series of bets based on the perceived strength of your cards – without betting, it would simply be a game of who got dealt the best hand and players would just wait to have the best possible hand before wagering money.
Many players totally misunderstand the art of betting – too often on forums, I’ve heard players say they bet “to see where I’m at” or “because he checked”. Let’s be clear: your bet should be one of two things; a value bet or a bluff.
Value Bet
A value bet is, quite simply, betting your hand for value. This means you believe your opponent will call with a worse hand. When you raise AK before the flop, it’s a value bet. If you bet 88 on a 824 board, it’s a value bet. It’s quite simple – if you think that your opponent’s range of hands is worse than your holding, bet for value and hope for a call.
Bluff
A bluff is the opposite of a value bet – you think your opponent’s range of hands is stronger than your hand, however you don’t think it is strong enough to call a bet. So, you bet.
Pot Limit Hold'em Strategy
If, for example, you have Ah-Qh on a low board with two hearts, you have a strong hand and bet for value. The turn and river blank and your opponent checks to you. If you think he has a middle pair that won’t call a third bet, bet and take down the pot.
Semi-Bluff
A semi-bluff is a bet that right now is likely to be behind your opponents range, but has the chance to improve on later streets. The 2 most common types of semi bluffs are with large draws such as a flush draw that has 9 outs and an open ended straight draw that has 8 outs (learn how to count outs here).
Take the example above of having Ah-Qh on a board of 9h-4h-2c. You have only ace high but your nut flush draw and two overcards give you a good chance to win the pot – in fact, against JJ on that board you are a 55/45 favourite!
Therefore a semi-bluff is a bet made as a bluff, such as with ace high and a flush draw, that aims to fold out a better hand but has numerous outs if called. This way even if a better hand does call your bluff, you can still take the pot with a good turn or river card.
When to Value Bet; When to Bluff?
This question simply boils down to how to read your opponents’ hand. A detailed article on this would far exceed a reasonable word count, so I’ll attempt to surmise succinctly as I have done in the previous beginner articles.
Firstly, you don’t put your opponent on a hand – you put him on a range of hands. If someone raises before the flop then bets the flop and turn of a 9-8-2 board they don’t automatically have KK or 22 or 98. To narrow down an opponent’s range, let’s use an example hand. A decent, tight-aggressive player raises under the gun. You call on the button; your cards are irrelevant but say you have 77. Both blinds fold. Now, before the flop is dealt, ask what is his range? Knowing what you know about this player (that’s he’s a pretty good TAG) you can confidently give him an estimated range of AA-22 and AK-AJ.
The flop is something unconnected and dry, such as 9c-5d-2d. Your opponent bets and you call, knowing he will continuation bet his entire range. The turn is the 5c and your opponent bets again – now his range has narrowed.
He is unlikely to have 99, 55 or 22 as many players will check this hand and allow you to bluff off your chips into their monster.
He also probably doesn’t have any pair less than 99, nor is he likely to have AK-AJ unless he holds the nut flush draw. His range therefore has narrowed to TT+, AdKd, AdQd and AdJd.
Limit Hold Em Rules
This is a very simple example about how you can narrow down someone’s range of hands over a few rounds of betting.