Rules of Texas Hold'em
The difference between No-Limit and Fixed-Limit Hold'em
Hold'em can be played as either No-Limit or Fixed-Limit. Regardless of what betting limit is being played, the rules and game play are always the same. The only difference is the amount of chips that players are allowed to bet when it's their turn to act.
No-Limit Texas Hold'em
In No-Limit Hold'em, players can bet all of the chips they have in front of them at any time. This creates lots of action and excitement, which is why the game has become so popular on television. It also means that a player can make a big profit over a short period of time. However, the flip side of this is that there's also a higher risk of losing money quickly, which can make it daunting for beginners.
One important thing to remember is that in No-Limit, a raise must be at least twice the size of the last bet made by an opponent. Example: If a player bets $5, the next player that wants to raise has to do so by at least $10.
Fixed-Limit Texas Hold'em
In Fixed-Limit, players can only bet a certain amount each round. It's a structure that is well suited to beginners, and also means that players get to see a lot of flops. In the first two betting rounds (pre-flop and post-flop), players can only bet or raise by the amount of one small bet. In the last two betting rounds (after the turn and river), players can bet or raise the amount of one big bet. In a cash game, the size of the big and small bet is described in the name of the table. For instance, at a table named 'Fixed-Limit $1/$2' the small bet is $1, and the big bet is $2. Another thing to remember is that there is a maximum of three raises on each round.
Whichever type of Hold'em game you decide to play, you'll have to adapt your game accordingly as each has a different strategic approach to consider.
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