Pot limit and No limit Hold'em
There are two pot variations that are commonly seen: Pot Limit and No Limit. No Limit games are often applied to Texas Hold 'em and Pot Limit to Omaha. However, there is no real reason why you cannot play any poker using any of the pot variants listed below.
Pot Limit games are just that. Players can bet anywhere between the current limit of the table (The Lower Limit during the Pre-Flop and the Flop and the Higher Limit during the Turn and the River), and the maximum amount in the pot and on the table.
For example: We join a $20/$40 game during the Flop. There is $200 in the pot and the player in the Small Blind position has made a $20 bet. The next player would need to bet $20 to call. Making the total pot $240 (200 (Pot)+20 (1st Player's Bet)+20(Your Call)). In this case, you can raise by up to $240.
For instance, you raise by $160. Now there is $400 in the pot. The next player must at least call your $180 bet. This would mean there is now $580 on the table (200 (Pot)+20(1st Player's Bet)+180 (Your Bet and Raise)+180 (Next Player's Call). He may raise by anything between the table limit (Lower or Higher, in our example $20 or $40) and $580.
As you can see, the pot size increases exponentially and, because of this, this type of poker may sometimes be considered closer to a No Limit game than a Fixed Limit one.
Quite simple, as the name implies, in a No Limit game, players can bet anything between the limit of the round and their total amount of chips. Betting all your chips, in any poker game is called going «All In». This could be because you choose to raise by the full amount of your chips, or because you simply have run out of chips during that particular hand.
Note: Rebuying chips during a hand of poker is strictly prohibited.
If, during a hand, a player runs out of chips, but other players continue to bet, then the pot is split at the point the player bet all his chips. All subsequent bets made by the other players are kept in a separate «Side Pot». At the Showdown, the original player is only competing for the Main Pot, the one that he contributed to. All other players are competing for both pots. In a land based environment, the winner of the side pot is determined first.
Occasionally, you may see several side pots. Again, the same rules are applied here. Once again, players only compete for the pot(s) that they have contributed to.
The stakes at the poker table are used in all types of poker. This in a certain way gives protection to the player and allows him to play with any amount that he has. What does this mean in practice? If Player 1 has $100, and Player 2 has only $50, the first player can bet only $50 maximum.
The game is unlimited, three poker players in a game. The first has $300, the second $200, and the third has $100. The latter goes all-in, the second takes the bet and is obliged to bet a hundred of his two, and the first also goes all-in, $300, then the second goes all-in with the remaining amount.
In this case, an additional bank is created. When the cards are dealt, the third opponent wins the main pot if he has created the best hand. Players second or third receive an additional bank of $ 200. If the first or second poker players hold the best hand of three, then this participant will receive both pots.