Created by LawDude on August 5, 2009
Definition
The most common form of betting limit. A fixed limit game sets a specific limit on all bets. Usually, the limit doubles in later rounds. Thus, a 4/8 fixed limit game features a $4 betting limit on early rounds and an $8 bettling limit in later rounds. (In hold ’em, the lower limit applies to pre-flop and the flop, and the higher limit to the turn and river.) In a fixed limit game, the options available to a player in an unopened pot are to check, or bet the fixed limit. The options available to a player in an opened pot are to fold, call, or raise in the amount of the fixed limit. The players are not allowed to size their bets.
Example
Hero is in the cut-off with pocket kings in a 9/18 fixed limit game. UTG raises to $18, and a player in middle position re-raises to $27. Hero's only options are to fold, to call the $27, or to re-raise to $36.
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