Progressive Limit Holdem
-- Progressive betting structures use a
pattern such as $5-10-15, or $10-20-30, and
so forth. In some cardrooms, the betting
structure uses a four-tiered system, such as
$5-10-15-20. The most common progressive
structure is $1-4-8-8 holdem (also
$2-4-8-8). The primary difference in this
variation from the standard structure is
that the turn and river bets increase
dramatically over the size of the first bet.
Also, in some low-limit holdem games, the
amount of the first raise is not a fixed
amount. A player is allowed to raise be
anywhere from $1 up to $4 (for a total of
$5) on the first round.
Standard Limit Holdem
-- The is the most popular form of holdem
played today. Standard limit holdem uses a
two-tiered betting structure. The round of
betting goes as follows -- $10-10-20-20.
Most holdem literature is geared towards
this structure.
Spread Limit Holdem
-- Spread limit games are much more common
in seven card stud, than holdem. However, I
have seen spread limit holdem played in the
Chicago area. Spread limit means the amount
of the bet is not fixed. Players are allowed
to bet any amount between the minimum and
maximum at any time. For example, in a $2-10
spread limit game, player may bet anywhere
from $2 up to $10. I've seen $1-20 holdem
games as well, which means the bet is from
$2 up to $20 at any time.
Pot-Limit Holdem --
This structure allows the maximum bet up to
the amount that is currently in the pot. One
key strategic component of this variation of
holdem is to consider the size of the
blinds. However, don't be fooled by
pot-limit games with small blinds (sometimes
as low as $2-5). The betting may escalate
very quickly and create pots of several
thousand dollars. In general, the lower the
size of the blinds, the more players you are
likely to see before the flop -- which has
major strategic consequences about which
hands to play and how to play them.
Modified Pot Limit Holdem
-- Same structure as pot-limit holdem, but
there is a cap on the maximum allowable bet.
This is instituted to "protect"
players from being hurt too badly in a
single hand and is more common in private
games than public cardrooms. I've played
many sessions of modified pot-limit poker
with a $200 cap. This means that no bet may
exceed $200. However, I've also seen $100
caps and $50 caps for games with novice
pot-limit players. Critics rightly point out
this is not really "pot-limit,"
since strong hands cannot be protected. In
fact, it calls for a different set of
strategies than regular pot limit (which is
the reason for this column). But modified
pot-limit is popular in some areas, so it
deserves mentioning.
No-Limit Holdem --
Means you can bet any amount of chips that
are in front of you at any time. This is the
game that determines poker's world
championship. As in pot-limit, the size of
the blinds is important. What even more
important is knowing your opponents. (Note:
I have never seen nor heard of modified
no-limit).
The three most popular forms of holdem
are standard limit holdem -- followed by
pot-limit and no-limit holdem (which are
most commonly played in tournaments).
However, other forms of holdem are now
gaining in popularity. The fastest growing
variation is progressive limit holdem, which
is now spread in some casinos in Atlantic
City and the Midwest. Also, the three-tiered
betting structure ($1-4-8-8) is quite common
in Las Vegas. I expect this form of holdem
to become even more popular as more players
realize that increasing the size of the bets
on later rounds is to the advantage of the
most skillful players.
What interesting about these various
forms of holdem is some hands go up in
value, while others go down in value. Most
poker books base strategic advice on
standard limit games only and are thus quite
one-dimensional (one reason why
"starting hand requirements" are
largely a waste of time). Playing certain a
hand from a certain position may be correct
in standard limit holdem, but would be very
wrong in other forms of holdem such as
spread limit or fixed-limit games. Here's a
brief look at what types of hands are
preferable in certain variations and how to
adjust one's strategy based on the betting
structure:
Modified Limit Holdem
-- This is the very worst structure for
serious holdem players. Since the size of
the maximum bet is limited to the size of a
small bet (as in Colorado) this eliminates
the most advanced poker strategies, such as
bluffing and buying free cards. At the
showdown everyone flips over their cards and
the best hand wins. It's not uncommon to see
four or five callers on the river in these
types of games. The reason? Bad players are
not punished for making loose calls on later
streets. Since the big bet and small bet are
the same, the pot frequently offers correct
odds on the most outrageous draws. Unless
you are playing strictly for recreation,
these games should be avoided in most cases.
If you do decide to play this game, you can
usually play more hands than in a standard
game, and you often have the correct odds to
draw to many hands.
Progressive Limit Holdem
-- This is the best limit structure for the
skillful player. Skilled players punish
weaker players on later expensive streets.
In other words, superior post-flop skill
makes things much more expensive for weaker
players than in standard games. The higher
bet size on the end also allows for more
bluffing opportunities, which means players
who read opponents well have a big
advantage. This is a good structure for
aggressive players. It is a bad structure
for passive players. For this reason, I
believe more good holdem players will be
pushing for this form of holdem in the
future (Note: It has already been instituted
at the Tropicana in Atlantic City and has
replaced standard holdem in the top
section.). Big pairs and big suited
connectors are stronger in progressive limit
holdem than standard limit holdem. Small
suited connectors and drawing hands go way
down in value.
Standard Limit Holdem
-- Not much more is to be said that hasn't
already been written about this variation.
This game is popular and will continue to be
so for many years, since it is simple to
understand. One major key to winning is
understanding correct pot odds. Strategy is
heavily dependent on the type of game you
are in -- which may be tight or loose.
Critics say this form of poker is too
confining to skillful players (I agree). For
example, most Europeans -- who are
accustomed to pot limit poker -- won't sit
in these games. However, for players who are
learning holdem and want a simple,
easy-to-understand betting structure, this
is the best game to play.
Spread Limit Holdem
-- This structure relies more on knowing
one's opponents and understanding how much
to bet at certain times. "Milking"
opponents with proper bet sizes is a
powerful skill. Also, these games are easier
to scout, since you can look for games where
players don't know the proper amount to bet.
The most common example you will see is when
weaker players telegraph the strength of
their hand by the amount of the bet they
make. This is never seen in standard games
because the betting amounts are fixed. For
this reason, on most streets it advisable to
always bet the maximum chips -- except
perhaps on the first round of betting. For
more strategy considerations, see writings
on low-limit 7-card stud which discuss the
proper betting amount for third street play.
Pot-Limit Holdem --
Whereas limit holdem is a game of
understanding starting hands, position, pot
odds, and affords one the protection of not
getting hurt too badly on any single hand,
pot-limit (and no-limit) holdem are a
completely difference game. They are so
different, that they really are not the same
poker game. This is the game where cards are
not as important as a deep understanding and
skill in knowing your opponents -- and human
nature.
Modified Pot Limit Holdem
-- This is a great break-in game for limit
holdem players who want to learn
"big-bet" poker, but who may be
too intimidated to actually sit down in a
game. The modified structure means there is
a cap on betting. Therefore, no player will
lose more than a given amount in a single
hand (but, it can still be very expensive).
In a sense, this is a cross between
progressive limit poker and pot-limit poker.
The major strategic consideration is that
the maximum bet is fixed, so bluffing is not
as powerful and callers may be justified in
calling with weaker hands on later streets
than in a normal pot-limit game without the
cap.
No-Limit Holdem --
This is the game where you avoid drawing
hands. Big pairs are at a premium. Limit
versus no-limit holdem might as well be
night and day. They are two very different
styles of poker. What most interesting, is
that few players master them both.
As you can see, Texas holdem is becoming
increasingly more diverse. The game has
evolved to the point where there are
multiple strategies and many variations. The
correct strategy is largely dependent on the
betting variation. In holdem, contrary to
what some poker books suggest, one size does
not fit all.
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