Limit, Pot Limit and No Limit betting are quite different from each other. Each type of “betting limits” can dictate how you play your hands in Texas Holdem.
For all of the following examples, I will use a small blind amount of $1 and big blind amount of $2 and a table with 9 players.
Limit-Holdem, as the name implies, is a limited bet size. The way this works is that the small blind is required to bet $1 and the big blind $2.
Once the cards are dealt, the pre-flop betting amount is $2.00 or the size of the big blind. Pre-flop betting is usually limited to a maximum of four bets before the flop is dealt. This means that the total that one person might put in the pot is $8 (4 x $2) before the flop. After the flop, the betting amount is still $2 per bet with a limit of up to four bets for a total of up to $8 in bets per person staying in the hand. After the forth card, the turn card, the bet amount doubles to $4 with a limit of four bets maximum for a maximum total of $16 for this round of betting. After the fifth card, the river card, the betting amount is $4 with a limit of four bets for a maximum total of $16. Even with limits, you may have to put in the maximum pre-flop, flop, turn, and river. That can amount to quite a pot, totalling up to $48 dollars per person.
Pot-Limit means that any player can bet an amount up to the limit equal to the total of the pot. As this changes with each bet, it can easily become enough to require you to put in all your chips while you are just calling someone else’s raise. This game is quite tricky in that the betting can escalate quickly and is not to be played by the faint of heart.
No-Limit means just that. There is no limit to the amount that can be bet. The minimum bet is the amount of the big blind and the maximum amount is the total of the chips that you have. If the all in bet was made before you and you have less chips then the amount bet, you can still call with all of your chips. This level of play is also not for the faint of heart but if played well, can be quite profitable, or costly if badly played.