Posts Tagged ‘fixed-limit’

Four bet maximum

Jack

Most fixed limit games are played with a four bet maximum. This means that in a given betting round, there can be no more than three raises, meaning that on the betting round, only four bets of the given limit have been made.

Consider this example in a $20/$40 game, during a $20 round with three players that proceeds as follows:

  • Player A bets $20.
  • Player B puts in another bet, raises another $20, making it $40 to play.
  • Player C puts in a third bet, raising another $20 on that, thus making it $60 to play.
  • Player A puts in the fourth bet (she is usually said to cap the betting).
Once Player A has made her final bet, Players B and C may only call another three and two bets (respectively); they may not raise again because the betting is capped.

A common exception in this rule practiced in some card rooms is to allow unlimited raising when a pot is played heads up (when only two players remain). Usually, this has occurred because all other players have folded, and only two remain. Many card rooms will permit these two players to re-raise each other until one player is all in.

Some variations do exist for this exception. For example, some card rooms require that the pot became heads up before the third bet has entered the pot on that betting round. It is widely believed that this variation exists to prevent two colluding players from raising a third player out of the pot.

This exception to the four bet maximum has been observed in nearly all card rooms in the USA. It has never been observed in Internet card rooms.

In some card rooms, there is a five bet maximum instead of four.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Posted by admin on August 11th, 2009 1 Comment

Fixed limit

In a game played with a fixed limit betting structure, a player chooses only whether to bet or not – the amount is fixed by rule. To enable the possibility of bluffing, the fixed amount generally doubles at some point in the game. This double wager amount is referred to as a big bet.

For example, a four-round game called “20 and 40 limit” (usually written as $20/$40) may specify that each bet in the first two rounds is $20, and that each big bet used in the third and fourth rounds is $40. This amount applies to each raise, not the total amount bet in a round, so a player may bet $20, be raised $20, and then re-raise another $20, for a total bet of $60, in such a game.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Posted by admin on May 6th, 2009 No Comments

Limits in poker betting

Betting limits apply to the amount a player may open or raise, and come in four common forms: no limit, pot limit (the two collectively called big bet poker), fixed limit, and spread limit.

All such games have a minimum bet as well as the stated maximums, and also commonly a betting unit, which is the smallest denomination in which bets can be made. For example, it is common for a games with $20 and $40 betting limits to have a minimum betting unit of $5, so that all bets must be in multiples of $5, to simplify game play. It is also common for some games to have a bring-in that is less than the minimum for other bets. In this case, players may either call the bring-in, or raise to the full amount of a normal bet, called completing the bet.

Outside of the United States, pot limit and no limit games are the most common. Most American home games are played with a spread limit, while casino games are played with spread or fixed limits, though larger casinos may have a high-stakes pot limit or no limit game as well. Fixed limit and spread limit games emphasise the skill of estimating odds, whereas pot limit and no limit games emphasize the skills of game theory and psychology. Almost all poker players believe that pot and no limit poker involve more skill than fixed limit play. A few prominent players, most notably Mason Malmuth, believe that the richer tactics make fixed limit more skilled. Although the main event at the World Series of Poker is played no limit, most high stakes cash games are fixed limit, so it is unclear which format is the experts’ choice.

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Posted by admin on April 16th, 2009 No Comments

Forced bets

Ante

An ante is a forced bet in which each player places an equal amount of money or chips into the pot before the deal begins. In home games, the amount of the ante is typically small. In games where the acting dealer changes each turn, it is not uncommon for the players to agree that the dealer provides the ante for each player. This simplifies betting, but causes minor inequities if other players come and go or miss their turn to deal.

After the ante, later betting always begins with the player immediately to the dealer’s left.

Blinds

A blind or blind bet is a forced bet placed into the pot by one or more players before the deal begins, in a way that simulates bets made during play. This is used frequently in casino and tournament games and is designed to ensure there is betting action on each hand. The most common use of blinds as a betting structure calls for two blinds: the player after the dealer blinds about half of what would be a normal bet, and the next player blinds what would be a whole bet. Sometimes only one blind is used, and sometimes three. In the case of three blinds (usually one quarter, one quarter, and half a normal bet amount), the first blind goes “on the button”, that is, is paid by the dealer.

For example, the first player to the dealer’s left (who would normally be the first to bet after the cards are dealt) makes a blind bet of $1, and the next player in turn posts a big blind of $2. After the cards are dealt, play continues with the next player in turn (third from the dealer), who acts just as if the $1 had been an opening bet and the $2 had been a raise, so he must either call $2, reraise, or fold. When the betting returns to the player who blinded $1, he acts just as if that had been the opening bet; he must equal the bet facing him (toward which he may count his $1), fold, or reraise.

An additional privilege is given to the player who posted the big blind to compensate for the fact that he is forced to bet. If there have been no raises by the time his first turn to bet voluntarily comes (that is, the bet amount facing him is just the $2 he originally put in), then he is given the right to raise at that point, even though his right-hand opponent’s call would normally have closed the betting round under other circumstances. This “extra” right to raise (called a live blind) occurs only once: if his raise is now called by every player, the first betting round closes as usual.

In some fixed limit and spread limit games, the big blind amount is less than the normal betting minimum. Players acting after a sub-minimum blind have to the right to call the blind as it is, even though it is less than the amount they would be required to bet, or they may raise the amount needed to bring the current bet up to the normal minimum, called completing the bet. For example, a game with a $5 fixed bet on the first round might have blinds of $1 and $2. Players acting after the blind may either call the $2, or raise to $5. After the bet is raised to $5, the next raise must be to $10 in accordance with the normal limits.

Bring-ins

A bring-in is a type of forced bet that occurs after the cards are initially dealt, but before any other action. One player, usually chosen by the value of cards dealt face up on the initial deal, is forced to open the betting by some small amount, after which players act after him in normal rotation.

The bring-in is normally assigned on the first betting round of a stud poker game to the player whose upcards indicate the poorest hand. For example, in traditional high hand stud games and high-low split games, the player showing the lowest card pays the bring-in. In low hand games, the player with the highest card showing pays the bring-in. The high card by suit order can be used to break ties if necessary.

In most fixed limit and some spread limit games, the bring-in amount is less than the normal betting minimum. The player forced to pay the bring-in may choose either to pay only what is required or to make a normal bet. Players acting after a sub-minimum bring-in have the right to call the bring-in as it is, even though it is less than the amount they would be required to bet, or they may raise the amount needed to bring the current bet up to the normal minimum, called completing the bet. For example, a game with a $5 fixed bet on the first round might have a bring-in of $2. Players acting after the bring-in can either call the $2, or raise to $5. After the bet is raised to $5, the next raise must be to $10 in accordance with the normal limits.

In a game where the bring-in is equal to the fixed bet (this is rare and not recommended), the game must either allow the bring-in player to optionally come in for a raise, or else the bring-in must be treated as live in the same way as a blind, so that the player is guaranteed his right to raise on the first betting round if he chooses.

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Posted by admin on March 26th, 2009 No Comments

Poker jargon – F

family pot
A deal in which every (or almost every) seated player called the first opening bet.
fast
Aggressive. I was afraid of too many chasers, so I played my trips fast.
feeder
In a casino setting, a second or third table playing the same game as a “main” table, and from which players move to the main game as players there leave. Also called a “must-move table.”
fifth street
  1. The last card dealt to the board in community card games. Less common than river.
  2. The fifth card dealt to each player in stud poker.
fill, fill up
To successfully draw to a hand that needs one card to complete it, by getting the last card of a straight, flush, or full house. Jerry made his flush when I was betting my kings up, but I filled on seventh street to catch up.
fire
To make the opening bet of a round, following the same analogy by which chips are called “ammo”. I called Ken’s bet on fourth with a draw, but I bricked, and when he fired again I had to fold. or I think Randy suspected my earlier bet was a bluff, but when I fired a second shot he let it go.
fish
  1. An unskilled player, or an otherwise skilled player playing carelessly.
  2. To risk money on a long-shot bet
fish hooks
  1. Pair of jacks
five of a kind
A hand possible only in games with wild cards, defeating all other hands, comprising five cards of equal rank.
fixed limit, flat limit
A betting structure in which a player never chooses the amount to bet, only whether to bet a fixed amount or not.
flash
To show the bottom card of the deck while shuffling.
flat call
A call, in a situation where one might be expected to raise. Normally I raise with jacks, but with three limpers ahead of me I decided to flat call.
floorman, floorperson
A casino employee whose duties include adjudicating player disputes, keeping games filled and balanced, and managing dealers and other personnel. Players may shout “floor!” to call for a floorperson to resolve a dispute, to ask for a table or seat change, or to ask for some other casino service.
flop
In a community card game, the first set of community cards dealt, and the betting round that follows. In Texas hold ‘em and Omaha hold’em in particular, this involves a set of three community cards dealt before the game’s second betting round. The verb flop is to catch something on the flop.
flush
A hand comprising five cards of the same suit.
fold
To relinquish one’s cards, forfeiting any further interest in the pot for this deal.
forced bet
Money that a player is required to place into the pot by the rules of the game. The three common forms are antes, blinds, and bring-ins.
forced-move
In a casino where more than one table is playing the same game with thesame betting structure, one of the tables may be designated the “main” table,and will be kept full by requiring a player to move from one of the feeder tables to fill any vacancies. Players will generally be informed that their table is a “forced-move” table to be used in this way before they agree to play there.
forward motion
A house rule of some casinos states that if a player in turn picks up chips from his stack and moves his hand toward the pot (“forward motion with chips in hand”), this constitutes a commitment to bet (or call), and the player may not withdraw his hand to check or fold. Such a player still has the choice of whether to call or raise.
foul hand
A hand that is ruled unplayable because of an irregularity, such as being found with too many or two few cards, having been mixed with cards of other players or the muck, having fallen off the table, etc.
four-flush
Four cards of the same suit. A non-standard poker hand in some games, an incomplete drawing hand in most.
four of a kind, fours
A hand containing four cards of equal rank.
four-straight
Four cards in rank sequence; either an open-ender or one-ender. A non-standard poker hand in some games, an incomplete drawing hand in most. See “bobtail”, “four-flush”.
fourth street
  1. The fourth card dealt to the board in community card games. Less common than turn.
  2. The fourth card dealt to each player in stud.
fox hunt
After a hand is over, a fox hunt means to reveal the next card that would have come up. If the next card would have been the final card, such as in a community card game with a fixed number of cards, this is called rabbit hunting. Such activity is usually prohibited in most casinos.
free card
A card dealt to one’s hand (or to the board of community cards) after a betting round in which no player opened. One is thereby being given a chance to improve one’s hand without having to pay anything. I wasn’t sure my hand was good, but I bet so I wouldn’t give a free card to Bill’s flush draw.
freeroll
  1. A situation in which a player is guaranteed to at least break even and may possibly profit. Common in split-pot games.
  2. A tournament with no entry fee. Sometimes offered as a casino promotion, or as a reward for earlier play.
freezeout
A winner-take-all tournament. That is, a game in which play continues until one player has all the chips.
full, full boat, full hand, full house
A hand with three cards of one rank and two of a second rank. The term “full hand” seems to have been the original, but today “full house” is standard.
full bet rule
In some casinos, the rule that a player must wager the full amount required in order for his action to constitute a raise. For example, in a game with a $4 fixed limit, a player facing an opening bet of $4 who wagers $7 is deemed to have flat called, because $8 is required to raise. The alternative is the “half bet rule”.

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Posted by admin on March 23rd, 2009 No Comments

Poker types and venues in tournaments

Types of poker

While some tournaments offer a mix of games, like H.O.R.S.E. events which combine Hold’em, Omaha, Razz, Stud and Stud Eight or Better and Dealer’s Choice events, at which one may choose from a similar menu of games, most tournaments feature one form of stud or community card poker, such as seven-card stud, seven card high-low stud, Omaha Hold ‘em or Texas Hold ‘em. Both Omaha and Texas Hold’em tournaments are commonly offered in fixed-limit, pot limit, and no limit forms.

Tournament venues

Informal tournaments can be organized by a group of friends; for example, most colleges feature poker tournaments. Casinos and online gaming sites often offer daily tournaments.

However, these are not the only venues. Several World Poker Tour venues are cruise ships at sea. The 2005 World Series of Poker primarily took place in the conference hall of the Rio Hotel in Las Vegas.

Major tournaments

The two largest and most well-known tournaments are the World Poker Tour championship event and the World Series of Poker, held at Binion’s Horseshoe casino in Las Vegas. The World Series has traditionally been featured on ESPN.

The 2005 World Series of Poker was the first held outside of Binion’s Horseshoe Casino, though the final few days of the main event were held in the legendary Benny’s Bullpen. Future tournaments will be held at one of the Harrah’s Entertainment properties; 2005 saw the Rio as primary venue.

Arguably the most publicised European tournament is the Poker Million, which began in 2000 on Sky Sports, following on from the success of the Late Night Poker television show.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Posted by admin on February 6th, 2009 No Comments

Betting format in poker tournaments

Ace of club

Betting, in tournaments, can take one of three forms:

  • In a structured (fixed limit) betting system, bets and raises are restricted to specific amounts, though these amounts typically increase throughout the tournament. For example, for a seven-card stud tournament with the stakes at 10/20, raises would be $10 in the first three rounds of betting, and $20 in the latter rounds.
  • Semi-structured betting provides ranges for allowed raises. Usually, in this format, one may not raise less than a previous player has raised. For example, if one player raises $20, it would be illegal for another player to raise an additional $5. Pot limit is a semi-structured format in which raises cannot exceed the current size of the pot.
  • Unstructured betting, usually called no limit. While blinds, antes, or bring-ins are fixed, players are free to bet as much as they wish, even early in a round of betting. To bet all of one’s chips (risking one’s tournament life, in the event of losing the hand) is to go all-in. In no-limit tournaments, players will sometimes take this risk even early in the betting; for example, in some no-limit Texas Hold ‘Em tournaments, it is not uncommon for players to bet “all-in” before the flop.

The betting structure is one of the most defining elements of the game; even if other aspects are equivalent, a fixed-limit version and its no-limit counterpart are considered to be very different games, because the strategies and play styles are very different. For instance, it is much easier to bluff in a no-limit game, which allows aggressive betting, than in a fixed-limit game. No-limit games also vary widely according to the proclivities of the players; an informal, emergent, betting structure is developed by the players’ personal strategies and personalities.

The stakes of each round, as well as blinds, bring-ins, and antes as appropriate per game, typically escalate according either to the time elapsed or the number of hands played. (Raising stake levels according to hands played is usually considered preferable, because it defeats strategic stalling.) This is done for two reasons. First of all, as players are eliminated from the tournament, the average chip counts of the players increase. Secondly, it prevents the game from getting into a rut where chips are exchanged among the players, but players do not run out.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Poker Strategy Tournament SelMcKenzie Selzer-McKenzie

Posted by admin on January 27th, 2009 No Comments

Poker tournaments

An amateur poker tournament in progress.

A poker tournament is a tournament at which the winners are decided by playing poker, usually a particular style of poker.

Contrast this to a ring game, where the game is ongoing with no formal structure to determine a single winner in a certain length of time.

Types of poker

While some tournaments offer a mix of games, like H.O.R.S.E. events which combine Hold’em, Omaha, Razz, Stud and Stud Eight or Better and Dealer’s Choice events, at which one may choose from a similar menu of games, most tournaments feature one form of stud or community card poker, such as seven-card stud, seven card high-low stud, Omaha Hold ‘em or Texas Hold ‘em. Both Omaha and Texas Hold’em tournaments are commonly offered in fixed-limit, pot limit, and no limit forms.

Tournament venues

Informal tournaments can be organized by a group of friends; for example, most colleges feature poker tournaments. Casinos and online gaming sites often offer daily tournaments.

However, these are not the only venues. Several World Poker Tour venues are cruise ships at sea. The 2005 World Series of Poker primarily took place in the conference hall of the Rio Hotel in Las Vegas.

Major tournaments

The two largest and most well-known tournaments are the World Poker Tour championship event and the World Series of Poker, held at Binion’s Horseshoe casino in Las Vegas. The World Series has traditionally been featured on ESPN.

The 2005 World Series of Poker was the first held outside of Binion’s Horseshoe Casino, though the final few days of the main event were held in the legendary Benny’s Bullpen. Future tournaments will be held at one of the Harrah’s Entertainment properties; 2005 saw the Rio as primary venue.

Arguably the most publicised European tournament is the Poker Million, which began in 2000 on Sky Sports, following on from the success of the Late Night Poker television show.

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

Video: Full Tilt Poker Matrix Sit and Go Strategy, Part 2 of 4: Downswing & Tilting – How to get all lost in the matrix…

Posted by admin on October 18th, 2008 2 Comments