STUDY MATERIALS
Betting limits - There are “no-limit” or “sky’s-the-limit” games, but in practice most poker games place some limit on what one may bet in any game. There are three popular methods. Fixed limit - In fixed-limit games, no one may bet or raise by more than the established limit. In draw poker the limit is usually twice as much after the draw as before for example, two chips before the draw, four chips after. In stud poker the limit is usually twice as much in the final betting interval as in previous betting intervals. (The higher limit applies also when any player’s exposed cards include a pair.) These respective forms of the game are described below. In a fixed-limit game a limit is usually placed on the number of raises that may be made in any betting interval. Pot limit - In pot-limit contests, a player may bet or raise by no more than the amount in the pot at the time the bet or raise is made. When raising, the player may first put in the pot the number of chips req...