If a player says, “I was playing $2/$4 No Limit Hold’em”, he is communicating to us that he played in a Texas Hold’em game where the small blind was $2, and the big blind was $4 and that the betting structure did have a limit on the bet sizings or on the number of allowed bets during a betting street. With this said, no-limit games are by far the most popular poker games nowadays, with the No Limit Texas Hold’em being the game of choice for most poker players.

Fixed Limit – in fixed-limit games, players can only bet in fixed intervals and using either the small or the big betting sizes depending on the betting street, and there is a limit on the maximum amount of raises allowed during a betting round (usually one bet and three raises).

Pot Limit – in pot-limit games, players can only use bet sizes up to the pot size at any given time, and there is no cap on how many bets and raises can be made during a specific betting street.

In reality, equity only equals pot share when no more betting occurs after the call.In poker, the term “no limit” refers to a specific game betting structure that allows players to bet any amount they want at any given time in the hand.Īside from the no-limit betting structure, there are two additional limit betting structures used in poker games: A “naive” pot odds calculation assumes equity = pot share. This is where the concept of implied odds, reverse implied odds, and equity realization come into play. However, this hand will not realize enough equity and therefore not recoup the 1.5BB call investment. For example, 72o has about 30% equity against a standard BTN opening range, so it would have “direct” pot odds to call. However, because there are future betting rounds, we may over or under-realize our equity.Ī naive pot odds calculation would have BB calling a 2.5BB BTN open with any two cards. If your opponent bets $5, you need to recoup at least $5 (in the long run) to justify calling.

We cover this topic in more depth in our Equity article. Players used to be much more likely to just call raises before the flop, which presented many squeezing opportunities for aggressive players. The squeeze play 3-betting preflop versus a raise and one or more callers was once a staple of TV poker. However, if you measured equity as your actual expected value divided by the pot, Pot Odds would always hold true. The Ultimate Guide to Squeezing in No Limit Hold’em. The percentage of the pot we’ll win is not necessarily equivalent to our equity when future betting rounds exist.

Pot odds are not always so clean when future bets are possible.

3 bet in poker no limit definition