No Limit Bookmakers
So, you want to learn about betting limits in poker? Let’s start with a general idea of what we’re talking about.
Augur is your global no-limit betting platform. It is a system that allows anyone, anywhere to buy and sell real-money stakes in event outcomes. This could mean speculating on anything from the price of a cryptocurrency, to how many earthquakes will hit California this year, or when a vaccine for a virus will be developed and validated. Example: Will the price of LINK/USD exceed 10.00. Here is a list of the best non Gamstop betting sites in the UK: Fortune Clock Sportsbook (Best for Gamstop Gambling) BetNow EU (Best for Betting with No GamStop) BetOnline AG (Best for Risk-Free Bonus) 24 Monaco Bookmaker (Non GamStop Betting & Streaming) PH Sportsbook (Ideal for Live Bets) BetSwagger (Top Choice for Minimum Deposits). They have betting limits similar to smaller market sports. Most have a maximum of $500, but some can be as little as $200. Max betting propositions, like smaller markets, will also likely attract the attention of managers. Avoiding Negative –EV Bets. Bookmakers are looking for bettors who are wagering on high vig markets. This means betting on larger parlays or teasers (more than two teams) and other exotic bets. No-limit (often abbreviated to just NL) is a type of betting structure for a poker game where the size of all bets and raises in any given betting round is essentially unlimited. No-limit is generally not used as a betting structure for a particular variant that does not have blinds. No-limit games are usually described with four numbers: the small blind size, the big blind size, the minimum buy-in, and the maximum buy-in. In some cases, players may describe a no-limit. A bet on the flop in Limit Holdem is the amount of the big blind. In No-Limit it has to be at least twice the size of the big blind but can be as much as all of a player’s chips. In our Limit Hold’em game as described above, a player must put out 25¢ to make a bet in the first post-flop betting round. Texas Holdem Betting Rules – The Turn.
Betting limits refer to the different rules or structures you have to follow for betting and raising. These rules will affect how much you can bet or raise, and when, at any given point in a hand/round.
And it’s a pretty big deal. If you jump from one limit to another – with no experience – you’ll feel like a fish out of water. Because each one has a different strategy to learn. Each one has different mistakes to avoid. This page will cover all that in more detail.
One thing though – reading about different limits can be confusing. If you want to fully understand them, we suggest playing a few rounds of free money poker of each. Chances are you won’t be any good by the time you’re done. But at least you’ll “get it”.
Now let’s get into it.
The Different Betting Limits or Formats in Poker
The different betting limits used in poker include:
What we’ll do is explain each one and give you an example.
With fixed limit games everything from the amount you can bet or raise – if you can do either at all – is predetermined. There is a limit to both the amount you can bet or raise, and how many bets or raises can be made per round.
This is how limit games work:
Preflop and on the flop, you’ll be able to bet and raise the small blind – in our case that’d be $1. And in many games the max number of times you can raise is 4. So, at most each person will put in $4.
On the turn and river (or later rounds in razz and stud), the big blind is doubled. In our case that’d be to $2. The 4 raises per round applies here too.
You’ll only be able to make a bet/raise the size of the big blind. You can’t bet in multiples or cap the betting at the same time.
For example, if you make a bet of $2, the next person can only raise it $2. Then the next guy $2. That’s the gist, anyway.
Limit holdem used to be a real popular game. That is, until no limit games were shown on TV. Now limit is mostly used in poker games like stud and razz. It’s one of the easiest betting formats to learn.
And because of the cap on every betting round, it’s a bit easier on the bankroll. That said, limit games are the hardest to master.
For one thing, there’s no room to bluff. Since you’re only able to make a bet the size of the big blind, there’s always odds to call. And it’s almost always correct to do so. In fact, experts say a common mistake is to fold too much.
(This is opposite of no limit poker where players don’t fold enough.)
Since you’re only able to bet so much and so many times per round – and the fact that every player will have odds to call to draw – slow playing only means you’re missing out on LOTS of value. You really need to maximize what you win when you have the best hand. This also helps make up for the times you draw to better hands (correctly) and lose.
The bottom line is fixed poker is more or less a passive math game rather than an aggressive game that often relies on guts and brute force – like no limit games often do.
This is arguably the most popular type of poker today. This is what you mostly see on TV. The exciting part is when you see someone say they’re “all in”. It’s exciting because they’re willing to put all their chips – sometimes their tournament life – on the line.
This encourages a brute force style of strategy that many players use. Very much UNLIKE fixed limit poker. Not only that, but there are no limits as to how much you can bet. So long as you meet the blinds with your bets and raises, you can do whatever you want.
For example:
The minimum raise is $4. From there the min raise is to $8. Then $16, and so on.
But so long as you meet the min raise, from there you can raise/bet whatever you want. You can raise from $2 to $10, $8 to $20 or $50, or $16 to $35.50. Or, you can shove all in.
You can do whatever you want.
This creates a different dynamic. One that is less focused on odds and the cards you hold (although both are still important), and instead a game that is more focused on player styles and stack sizes.
You can be a winning player simply due to being more aggressive. You can bet and raise more. Bluff more. Good players win more money by seeing fewer showdowns.
But this can also open the doors to more mistakes. It is possible to be overly aggressive – to bet or raise too often, play too many hands or stay in a hand longer than you should.
You got to learn when to fold, too.
And because you have the freedom to bet however much you want, you need to learn how much to bet. You need to bet enough to discourage people from drawing, while not over betting, because there’s no sense in risking more than you have to to achieve the results you want.
This is sort of a mix between fixed and no limit poker. You have a cap on how much you can bet, but you’re only limited by the size of the pot. As you can probably imagine, once you make a few bets and raises – or get a few streets in – the pot is big enough where you can go all in.
For example, if the pot is $2, that is the max you can bet. But once you bet $2 (and make the pot $4), the next person can raise another $4 (bringing it up to $8), then the next guy can raise $8 (making it $16), and so on.
(It’s important to point out that you don’t have to “pot it” every time you raise. You can raise anywhere from the minimum (double the last bet/raise) to the size of the pot. Anywhere in between that is fine.)
Strategy is somewhere in the middle, too.
You want to be someone that can play the odds, bet for value (real important early on to build a bigger pot later), and still play the player.
It’s a challenging, yet profitable betting limit for players up to challenge of mastering it.
The general idea with cap limit games is there’s a limit to how much money you can put during a hand. This is relative to big blinds, and is often between 20 and 30. Once you’ve reached the cap it’s treated as if you’re “all in.”
Experts say this can lead to more lively and aggressive games since your risk is capped more so than no limit and pot limit. Since you can only lose so much, it probably encourages more ‘screw it, let’s run it’ type moments.
Spread Limit Poker
Spread limit games are similar to fixed limit poker.
You’ll have a range or spread – say $2 to $5 – that you can choose from for your bets and raises.
It’s not a popular betting limit, based on the fact that we don’t see it online (much) and when you Google the phrase the results are scarce. But these games do run.
Beginners tend to make the mistake of betting the top of the spread with their best hands and at the bottom with weaker hands. But anyone paying attention will spot this.
So, you want to be more aware of how you size your bets relative to the strength of your hand.
Other than that, since this is so much like limit poker we’d recommend following those strategies. Bet for value, fold a little less often compared to pot and no limit poker, and bluff less.
If you’re a visual person it’s going to help to play a few rounds of each game to fully understand how it works.
But that’s okay.
It also gives you a chance to see which formats you like best. Which formats you want to learn first – not just how to get through a hand, but all the strategies and tactics that are so different from one betting limit to the next.
And that’s a deep hole that’ll keep you busy for the foreseeable future.
Welcome to our Texas Holdem guide.
The idea behind this guide is to walk you through the basic rules and strategies to Texas Holdem. While a lot of sites have articles written on the same topics, they’re not as easy to understand as ours. They’re not packaged neatly into a handy guide like ours, either, leaving you to figure out what you should read and in what order.
So if you want to pick up the game of Texas Holdem quickly, and blend into any table you sit down at, this is the guide for you.
Our Holdem guide will be divided into 4 parts. We’ll start with rules and end with basic strategies. In the first part of our guide, I’m going to explain the rules of Texas Holdem, what (hands) beats what, betting formats and betting basics for beginners. Everything you need to know to play your first game of Texas Holdem.
Texas Holdem Guide » Part 2 » Part 3 » Part 4
Good luck and enjoy!
Texas Holdem Rules
Your first task is to learn the rules of Texas Holdem. The game appears to be complicated because there are 4 rounds, each with a new card and opportunity to bet.
But trust me, it’s not as complicated as you may think. I’m going to walk through a complete hand now. I’m sure you’ll pick it up quickly.
Note: All my examples will use 5/10 blinds.
Pre Flop
Pre flop is the first stage of a Texas Holdem hand. This is when the cards are dealt, players bet and decide whether or not they want to be involved in the hand.
The first thing that will happen is the blinds will be posted. The blinds are essentially antes that create dead money and encourage players to play, as opposed to sitting around waiting for good hand.
There are two blinds that need to be posted; the small blind and the big blind. The small blind is the first player to the left of the dealer button. This player will post $5. The player to his left (and two seats to the left of the dealer button) is the big blind. This player posts $10.
That’s it. The blinds will change each hand, as the dealer button moves around the table.
After the blinds have been posted, the dealer will give each player 2 cards, one at a time, starting with the small blind and moving clockwise around the table. Each players’ “hole cards” are dealt faced down.
After the cards have been dealt the first betting round will begin. The betting action starts with the player to the immediate left of the big blind, also known as the player under-the-gun or UTG. This player has the option to call the big blind, raise or fold.
Once the UTG player has acted, the action will continue clockwise around the table until each player has acted. Each player will have the option to call, raise or fold. The blinds will be the last players to act in an un-raised pot. The small blind will have the option to pay the difference between the small and big blind or “complete,” and the big blind can check his option. Both players can raise, too, if they choose.
The pre flop action will end once all the players but one have folded, or two or more players have completed the betting round and are ready to see the flop.
The Flop
The flop is the first community round.
The first thing that will happen is the dealer will place 3 community cards in the middle of the table (face up). All players can use these 3 cards to make the best 5-card poker hand.
After the flop has been dealt, another betting round will start. On the flop (and all subsequent rounds) the betting action will start with the first remaining player to the left of the dealer button and move around the table clockwise.
The betting options include check, bet, raise or fold. This depends on the action that took place before each player acts. If you’re not familiar with these betting options, I cover them in more detail below.
The betting round ends the same as pre flop. Either all but one player folds, or two or more players have ended the betting round and are ready for the next community card.
The Turn
The turn is also known as 4th street. It’s the 4th community card dealt that players can use to make their poker hand.
The betting round on the turn is the same as the flop.
The River
The river is the fifth and final community card that players can use to make their hand. It’s also known as 5th street. The betting action on the river is the same as the turn.
Showdown
After the betting round on the river, and assuming two or more players are still in the hand, there will be a showdown. Players will show their cards so that a winner can be determined.
The showdown is simple. In an un-raised pot, the first player to the left of the dealer button will show their hand first. In a raised pot, the first player to show their hand is the player who raised last on the river. Then the action continues clockwise around the table. Each player can muck their hand (not show), or if their hand is better (and they want to win the pot, they can show their hand.
Then the pot is awarded to the best hand.
That’s an entire hand of Texas Holdem. Once the pot has been awarded the cards will be collected and reshuffled. The dealer button will move one seat to the left, new blinds will be posted and a new hand of Texas Holdem will be dealt.
What Hands Beat What in Texas Holdem
One thing that trips new players up is determining what hands beat what. It’s real simple for Texas Holdem. Here are the winning hands, from best to worst:
- Royal Flush – AKQJT suited.
- Straight Flush – 5 cards in a row, all of the same suit. For example, 34567 suited.
- 4 of a kind – 4 cards of the same value. For example, 4444x.
- Full House – A 3 of a kind and a pair. For example, 3-3-3-2-2.
- Flush – 5 cards of the same suit. For example, A-8-5-4-2 suited.
- Straight – 5 cards in a row. For example, 5-6-7-8-9.
- 3 of a kind – 3 cards of the same value. For example, 3-3-3-x-x.
- 2 Pair – Example: 2-2-3-3-x.
- 1 Pair – Example: A-A-8-4-2
- High Card – Example: A-K-J-3-2
In Texas Holdem you can make these hands (and win) using any combination of the community cards and your hole cards.
If there is a tie the pot will be split. It will be split however many times is necessary. For example, if 3 players have 78 and they all have straights, each of them will earn 1/3 the pot.
If two or more players have the same type of hand, the better or higher hand will win. For example, an ace high flush will beat a queen high flush.
Betting Formats and Actions
Texas Holdem is played in several variations and betting formats. They’ll impact the game in a number of ways including time, variance, dead money, betting caps and more.
In this section I want to take a couple of minutes to explain the different betting formats you’ll come across. That way you can choose which type of game you prefer, and at the very least understand how they all work. I’ll also explain the different betting options you have during each betting round in Texas Holdem.
What Kind of Betting Formats Are There in Texas Holdem?
Limit Betting – Limit (or fixed limit) betting used to be the most popular format before no limit took over. With this betting format there are a couple of things to be aware of.
On the pre flop and flop rounds, only the small bet ($5) is used. On the turn and river the big bet ($10) is used. And there is (usually) a cap of 1 bet and 3 raises for any round. This does vary from one casino to the next, though. Last thing — players can only raise one increment (small or big bet) at a time. In other words, if someone bets $5, you can only raise $5, to a total of $10.
Pot Limit Betting – What distinguishes pot limit betting from other formats is that the amount of money in the pot determines how much someone can bet. In other words, if there is $10 in the pot, the next player to act can’t bet more than $10. If they put $10 in the pot, making the total $20, the next player to act can only bet $20. Every time the size of the pot increases, the amount of money the next person can bet also increases.
No Limit Betting – No limit Texas Holdem is the most popular version played today. There is no limit to how much someone can bet. And at any time a player can push their entire stack in middle, going “all in.”
Note – For the pot and no limit betting formats, raises must be the minimum of the current bet to call. For example, if the amount to call is $10, the minimum raise must be $20. If it’s $26, the minimum you can raise is to $52.
Blinds – The blinds are forced bets that the first two players to the left of the dealer must post before the cards are dealt. The first player is the small blind and posts the smaller of the two bets, and the second is the big blind, and this player posts the bigger of the two bets. In a cash game the blinds never change. However, in a tournament and sit and go the blinds will change every so often, usually every 5-20 minutes.
Antes – Antes are a forced bet that each player must post before they are dealt cards. This is in addition to the blinds. They’re usually 10-20% the size of the blinds.
Caps – In a capped game players can only lose so much per hand. The amount you can lose per hand depends on the game.
Short, Standard, Deep Stacks – This refers to the maximum number of big blinds someone can buy in for (in a cash game). In short stack games the maximum is 40 big blinds. In standard games you can buy in for 100 big blinds and 150+ in deep stack games.
Blind Levels – You only have to worry about blind levels if you’re playing a Texas Holdem tournament or sit and go. The blinds will start low, around 10/20 or 25/50, and increase every 5-20 minutes. Each tournament will have a different structures and time frames.
Betting Actions
These are the betting options you have during a betting round in Texas Holdem.
Fold – You decide not to play your hand and toss it into the muck. If you fold you cannot win the pot.
Call – You call the last bet made. In an un-raised pot, you call the amount of the big blind. If someone raises, you must call the amount they bet.
Raise – A raise must be in increments of the last bet made. For example, in an un-raised pot at 5/10, the minimum you can raise is 10, to a total of 20. However, if someone raises to 35 (total), your minimum re-raise must be 35, to a total of 70.
Check – Checking is like saying, I pass. You give up your turn to bet (unless someone bets and the action comes back to you). It is possible for every player to check and the betting round to end with no additional money put into the pot.
Betting Basics for Beginners
From experience, I can tell you that most beginners don’t know how to bet correctly. They bet for the sake of it or for the wrong reasons. And when they do bet, their sizing is off, which doesn’t accomplish their goals and/or wastes chips.
My goal for the last section of our guide is to go into detail about how betting works in Texas Holdem, and to put you on the path to making correctly sized bets.
Mistakes Beginners Make When Betting
Lets start with the biggest mistakes beginner Holdem players make when they bet. The biggest mistakes I see are:
- Beginners bet too big. (You don’t want to bet too small, either, but instead find a balance.) The problem with betting too big is that at some point the extra chips don’t do anything. In other words, at 5/10, betting 200 chips is going to do the same thing as betting 50. So why bet 200?
- Your bets are transparent. A mistake players make is bet small with their premium hands (to keep other players in the pot), limp with weaker hands they don’t mind folding, and then betting huge with premium, but vulnerable hands. Betting like this makes it obvious to everyone what you have.
- Betting for no reason. Sometimes players bet just for the sake of it.
No Limit Betting Rules
Beginners make other betting mistakes, too, but a lot of that falls under specific strategies. That’s too much (and too advanced) for me to cover here.
How to (Size Your) Bet Correctly
With the common mistakes out of the way, lets look at the right ways and times to bet.
Pre Flop Bet Sizing
One of the concepts I want to drill into you is that you should only bet enough to get the job done. No more, and no less.
So how much do you bet preflop?
The standard is 3x the big blind. With blinds of 5/10, the standard raise will be to $30. Depending on the game and stakes you’re playing, however, your bet sizing can vary from 2-5x. For example, in tournaments a min-raise (2x) bet is very common for the later stages. And in micro stakes games, you can usually get away with betting 4-5x with your premium hands and the other players won’t know the difference.
Note: One important thing to keep in mind is that you want to keep your bet sizes as consistent as possible, especially the higher the stakes you play.
In the scenario that a player limps in before you act, the rule of thumb (if you choose to raise) is to raise 3x the big blind plus 1 big blind for every limper. For example, if 3 players limp into the pot at 5/10, you’d bet $60. I use the same rule of thumb for my 3-bets (re-raises), too.
Post Flop Bet Sizing
When you make a bet post flop your bets should (almost always) be in relation to the size of the pot. And the amount you choose to bet will depend on a number of factors including:
- Your opponent
- Your hand
- The board texture
- Your goal
To come back to my main point, only bet as much as you have to (when bluffing) and as much as you can (when betting for value). And these should blend (balance) as much as possible, so that your opponents cannot tell the difference. That way you don’t give away any information that can be used against you.
To give you an example:
On a drier flop (like A-T-3 rainbow) with 125 chips in the pot, a continuation bet of 75 chips is reasonable. If the flop is wet (has a lot of draws possible), then betting closer to 100 chips will work.
One thing you don’t want to do is over bet the pot. For example, if the pot has 500 chips in it, your bet should be less than 500 chips. I wouldn’t bet 550, 700 or shove all in (like many beginners do), regardless of the hand you have, or how vulnerable it may be. Betting close to the size of the pot is inducing enough mistakes from players on a draw as is, so only bet as much as you have to. There are exceptions, but these are advanced topics and not something I’d worry about right now.
Effective Stacks
One important concept to understand is effective stacks or effective stack sizes. You want to understand this concept because it will impact when and how much you bet.
To determine the effective stack size, just find the lowest stack size of the remaining players to your left. For example, if there are 5 players to your left and the shortest stack has 15 big blinds, that means effective stack sizes are 15 big blinds.
No Limit Sports Betting
In this particular example, with effective stack sizes of 15 big blinds you might choose to fold your hand or push all in, as opposed to raising. However, if effective stack sizes are 50 big blinds, then you can resort to your default (betting) strategy. If effective stacks are 150 big blinds, then you’ll play a wider range of hands and will bet (and re-raise) more.
Texas Hold Em Betting Rules
That’s the basic idea. It does get more complicated than this. But I wanted to give you the basics so that you can determine for yourself when it might make more sense to fold, raise or shove all in.
Have a Reason or Goal to Bet
If you’re ever questioning when you should bet, just remember that there are only 3 reasons for betting:
- Value – You think/know you have the best hand and you want to earn as many chips as possible.
- Dead Money – Money that is already in the pot, either from antes, blinds, players who folded or a combination of these things.
- Bluff – You want the other player(s) to fold the better hand.
Poker Betting Guide
These are the only reasons for betting. Many players make the mistake of thinking that you should bet for information or to protect your hand. However, these reasons are byproducts of the reasons I outline above. If you’re betting to protect your hand, you’re usually betting for value. You’re getting value from hands that are drawing. If you’re betting for information, that’s usually a byproduct of all 3 reasons above. You’ll get your information based on what your opponent does.
The bottom line – if you’re thinking about betting, but you can’t decide if you should bet for value, dead money or to bluff, then you probably don’t have a good enough reason to bet and should check, call or fold instead.
Poker Betting Strategy
Conclusion — End of Part 1 of Our Texas Holdem Guide
That’s it for the first part of our guide. You just learned enough to go play for your first game of Texas Holdem, not to mention disguise the fact that you’re a beginner. And if you are confused about anything I discussed here, just re-read the guide again. You’ll also find that any question you may have will be cleared up once you play a couple of hands.
In the next section of our guide I’m going to explain why you should pay attention at the table, whether you’re in the hand or not, as well as how to classify your opponents and how different types of opponents will impact your strategy. Following that we’re going to get into some math. I’m going to show you how to count poker outs, calculate card odds and pot odds so that you can correctly determine when you’re (profitably) drawing to a better hand.