Online Fixed Limit Poker
In a $5/$10 Fixed Texas Hold'em game, both the bets and raises for the first two rounds of betting must be $5, no more, no less. The last two rounds have a bet/raise amount of $10. The Cap: In Fixed Limit games, each round of betting has a maximum number (three) of allowable raises known as the cap. This means a bet can only be raised three times after which all players must call or fold. In limit poker, any betting structure in which the amount of the bet on each particular round is pre-set. Live Events 2 PokerStars WCOOP 2020 2020 WPT World Online Championships.
Since stumbling towards retirement nine years ago, Andrei Joseph has played low limit hold 'em in more than 100 poker rooms across 20 states. He would be $37,000 ahead — if there were no rake! Here's the second of two articles from Joseph in which he continues to explore some of the attractions and challenges of what for many poker players is a favorite variant.
Here are some painful lessons from the bottom end of the poker food chain: low stakes, fixed-limit hold'em.
Last time I discussed some of the reasons I enjoy low limit hold'em (i.e, $4/$8 and below). This time, let's talk a little strategy. If you follow the basic advice outlined below, you will distinguish yourself from the majority of your opponents and dramatically increase your chances of success.
First, and most importantly, listen to Archie Bell & the Drells: 'Do the tighten up, come on and tighten up, you can do it now.'
Throw away , throw away , throw away . If you are dealt pocket jacks and there are two raises in front of you, fold. If you hit the low end of the flop and there is action, get out.
This advice is tough to follow. You want to play. I want to play. I want the action. You may have driven hours to get to the darn casino. Play! Play! The bozo across the table just won playing . It is my turn for a big blind special.
No! It is your turn to fold and be patient.
Learn to distinguish between bad play and bad luck. This requires both some knowledge of poker and sober self-assessment. Learn some odds — it will contribute to a positive outcome.
I have played enough poker to have been dealt pocket aces many times (220-to-1). Only once have I been dealt pocket aces at the same time as someone else.
Many low limit players will automatically call preflop with any two suited cards. What are your odds of making a flush by the river with that starting hand? The answer is around once every 15 hands. Compare those odds to your preflop call with and a flop containing two more hearts. Now what are your odds to make a flush on the turn or river? The answer is a little more than once every three times.
How much are you required to bet? How much will you win? Do you see why it is called 'competitive algebra'?
Learning to play LHE well also sometimes appears to contain elements of psychotherapy. Look at your behavior, assess it accurately, and change the parts that are hurting you.
The default mechanism that is prevalent among many losing players includes a tendency towards superstition ('oh, seat 8 is hot'), blindness ('he hit runner-runner again' while not recognizing the times that happened in your own favor), and nonsense ('if you hadn't gotten up to go to the bathroom, those would have been my cards') — not science, statistics or rationality.
But you will spurn fake news and instead embrace rationality, empiricism, and a brutally honest assessment of the factors impacting your results.
Learn what the rake is and understand its importance. Few players actually calculate this. Some don't even notice the money going down the rabbit hole. A typical low limit game will deal around 35 hands per hour. If you don't believe this ask the dealers how many hands they get out in a 30-minute shift. Particularly if they keep their own tokes, they are trying to move the game along.
For simplicity's sake, let's assume a rake of up to $5 (and perhaps a dollar more for jackpots and/or promotions). Not every pot is raked to the maximum, but even if the average is a total of $4 per hand (for example), that means that $140 is coming off the table every hour. If the table is full with 10 players, then it is costing you at least $14/hour to play.
Add tokes when you win a pot, and you need to win at least $17/hour to break even. Difficult yes, but possible. Especially in Las Vegas late at night with less than sober tourists.
Which brings us to table selection. Some broad generalizations include that tight retirees dominate daytime versions of low limit. As evening approaches more liquor and younger players appear. If you are playing at a vacation destination, the play will be looser. Your opponents will include those who have already decided to lose hundreds of dollars as 'the price of entertainment.' Fine by me!
That's when you will see and hear the most amazing stuff at the table. Someone calling your preflop raise with will crack your pocket aces. Resist the impulse to berate your opponent. Quietly tell yourself that you want players like this at the table. That money is coming back. You just hope it comes back to you!
If you are running bad, don't imitate your opponents' poor play. Patience. More patience. If you are playing blackjack, you must play the cards you are dealt. Here, unless you are in a blind, you can toss away poor cards — and at no cost. Take advantage of this. Patience.
Read a book. Almost no one else has. I recommend Winning Low Limit Hold'em by Lee Jones or Small Stakes Hold'em by Ed Miller, David Sklansky, and Mason Malmuth.
Read these and you will gain insight into the value of position and timely aggression. You will learn when to play big pairs and when to play suited connectors. You will learn when to let go of your hand, how to deal with maniacs, and why your opponents really will hit their lucky card on the river more than you will (because by only playing premium hands, you will win more often without having to hit that two-outer). The money invested on these books will be recovered in your next session.
Finally, keep an accurate tally of what has happened. Saying to your pals, 'I win sometimes, I lose sometimes' or 'I had a good session' or 'wow, I really got beat last Friday' can be a thin attempt to delude yourself. Especially given the impact of variance, having accurate, sober statistics over a period of time is the true measure of whether you are making progress.
(Thanks to my pal Ashley for being my mentor and for driving.)
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PartyPoker
There are three different games waiting for you when you play poker online at Ignition: Texas Hold’em, Omaha, and Omaha Hi/Lo but each of these variants can also be divided into three separate games: Fixed-Limit, Pot-Limit, and No-Limit. Each of these online poker betting limits puts its own spin on the way poker is (or should be) played. If you can get a handle on all three, you’ll be a much better poker player at any limit.
Fixed-Limit Poker Online
This used to be the industry standard. In the years before the poker boom of the mid-2000s, Fixed-Limit Hold’em (or just Limit Hold’em for short) was the busiest game being spread at the casino. It’s still popular enough that players find it running from time to time when you play live, but if you want to experience the benefits of Limit online poker, Ignition is where players find games being played on the regular. That includes Limit Omaha Hi/Lo as well as Hold’em. Limit Omaha typically shows up in live mixed poker games only.
Every Bet Is Valuable
When you’re playing poker Limit games, you’ll need to use the right online poker strategy for this betting structure. There are only two bet sizes allowed in Limit poker: the small bet, which is equal to the size of the big blind, and the big bet, which is twice the size of the small bet. The smaller size is used for both bets and raises preflop and on the flop; the big bet is used on the turn and river. Those are your only two choices.
These might be much smaller bets than you’re used to if you’ve only been playing No-Limit online poker, but each play is still worth a portion of your bankroll, and should be treated with respect. Limit poker is also very much an action game; you’re almost always getting a good price to call, since your opponents can’t go all-in unless they’re very short. Don’t bluff nearly as often as you would play in No-Limit games, but make sure you don’t completely stop bluffing unless you’re convinced your opponent will never fold.
Safer for Online Poker Beginners
If you’re just learning how to play online poker, we can’t stress enough how great Limit games are for beginners. This betting structure prevents you from making really big mistakes at the table, the kind where you punt off your entire stack. In the early stages of poker development, your studies should be focused on things like preflop opening and 3-bet ranges, which don’t change much from limit to limit. Post-flop play is naturally more difficult, but with Fixed-Limit games, you’ll be playing a more simplified version of online poker, allowing you to learn the basic concepts without doing too much damage to your bankroll.
Choose the Right Limit
If you’re a more experienced online poker player, your win rate might be higher at the more difficult No-Limit poker games, where you’ll have more opportunities to manifest your edge over the competition. But don’t ignore the Fixed-Limit games. Lowering your variance in giant pots isn’t just good for beginners – it will also improve the overall health of any player’s bankroll. With a little game selection, you might find some softer Limit games where your edge will be greater than whatever big bet games are on tap at any given moment.
Pot-Limit Poker Online
Chances are you’ve heard of PLO, and we’re not talking politics here – we’re talking about Pot-Limit Omaha Poker. This is the preferred way to play Omaha; you’ll almost never see this betting structure used for any other variant. Pot-Limit has many of the features of No-Limit poker, but you still can’t go all-in when you’re deep-stacked, since the biggest bet or raise you can make at any point is the size of the pot.
Learn How to Play Online Pot-Limit
Even though Pot-Limit is almost exclusively used for Omaha, this format is well worth learning if you’re serious about poker. While everyone has been busy getting better at Texas Hold’em, the added complexity you get with four hole cards instead of two makes PLO a more difficult game to master, giving advanced poker players the opportunity to build a bigger edge on their opponents. That’s why some smart players call PLO “The Game of the Future.”
Pay Attention to Raise Sizes
Unlike Fixed-Limit games, Pot-Limit poker gives you a lot more freedom when it comes to bet sizes; your maximum bet is the size of the pot, but you can play anywhere between that and the minimum, which is 2X the big blind. Use this freedom wisely, and make those pot-sized bets when that leverage is most useful to you to play, especially when you’re heads-up in position.
Raises in Pot-Limit poker don’t have quite as much flexibility. Again, your maximum is a pot-sized raise, but the minimum is 2X the size of the previous bet or raise. This doesn’t give you quite the same range of options as you have when you’re just betting. A “min-raise” can still be effective, but in general, don’t expect to generate too many folds, and don’t forget to consider the stack-to-pot ratio (SPR) before automatically loading up with a pot-sized raise. If the SPR is low, your big raise might not get many folds either.
No-Limit Poker Online
No-Limit is still the most popular way to play poker, and no wonder: When you play No-Limit Texas Hold’em online, you can bet your entire stack when it’s your turn – except for some very rare cases, like when someone goes all-in with a raise that’s less than twice the size of the previous bet. Then you’re only allowed to call or fold. Bigger bets mean more excitement, and more excitement means more fun, which is why we play poker games in the first place.
More Strategies Are Possible
With so many bet sizes at your disposal, No-Limit poker will test your skills more than any other game. In fact, bet sizing may be the one aspect of poker that separates the best players from the rest of the pack. Knowing when to make tiny 0.2X pot bets on the flop, and chunky 1.2X pot overbets on the turn, can turn you from a marginal winning player into a poker beast.
Know How to Manage Your Bankroll
No-Limit online poker games also put players bankroll at risk a lot more than Pot-Limit and especially Fixed-Limit, so make sure you practice sound bankroll management before playing poker. As a very basic rule of thumb, you should have 20 buy-ins in your account before playing No-Limit Hold’em at Ignition Poker. That would be $2,000 if you’re playing 100NL and buying in for the standard 100 big blinds every time. Compare that to Limit Hold’em, where 300 big bets is a common recommendation – that’s only $600 for a 50c/$1 game.
High Risk, High Reward
Online Fixed Limit Poker Rules
While your risk will be higher playing No-Limit poker, there’s nothing quite like the feeling you get when you take an entire stack of chips off your opponent. Be willing to bluff more in these games in order to grab as many chips as you can; aggression is the central plank of any sound No-Limit strategy, and the more buy-ins you have at your disposal, the more aggressive you can afford to be. If this is your natural style of play, No-Limit is the betting structure for you, but again, don’t miss out on the good Fixed-Limit and Pot-Limit games you’ll find at Ignition Poker. The choice is yours.