Poker Betting Structures and Poker Limits
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Traditionally all poker game versions are of three forms: No Limit (or NL), Pot Limit (or PL) and Fixed Limit (or FL). The form of the game in fact stands for the game poker betting structures that sets the amount each gambler is allowed to wager in each round.
Fixed Limit
In the games with the such poker betting structures the bet and raise are limited and this is as a rule explained by the name of the game. For instance, in $5/$10 Fixed Limit Holdem poker the bets and raises in the first betting rounds mustn’t go beyond the $5 size but in the last rounds the betting limit is $10. Some fixed limit poker games determine the limited number of raises during every round, which is also called “the cap”. As a rule the number of raises is limited to three, so the bet may be raised three times. During the final poker betting rounds the cap can be increased (up to five).
Poker games with the fixed limit structure are viewed as very secure since it is very difficult to lose all money at once because of the betting limits. So fixed limit games are very popular among the new players.
Pot Limit
In these games the poker players no matter how much they are to call can raise or bet the amount equal to the size of the whole pot. Traditionally the minimum wager in pot limit games is the amount of the big blind bet and any bet is allowed to be raised just by the sum that is equal or higher than the preceding raise. So, the bets in pot limit game variations are very high in the last rounds that is why such poker games are not so secure as the fixed limit type. In addition, there are no caps in poker games with the pot limit poker betting structures.
No Limit
In such poker game variations there are no limits. The poker players are allowed to bet even all the money they have at once. Though there are no highest betting limits as in all poker games the smallest betting size is set by the rules. The raises amounts in no limit games are to be equal or higher than the previous raise and there are no caps. In no limit poker games every player can bet all his/her chips by all-in option and as a result the side pot is formed. The gambler who has the highest hand gets the main pot (together with his or her all-in bet) and the next best poker player gets the side pot.