Even though the United States have made it illegal to gamble online, poker keeps on gaining popularity through the different tournaments that are shown on television such as the World Series of Poker by ESPN. This created a problematic situation: while players claim that poker is not a game of chance, the US government decided that it is.
For a few weeks, panic erupted in the poker world as rumors spread like bushfires that this ban would stop all tournaments. But this proved to be untrue. In fact, because of the online gambling ban, the popularity of tournaments only increased. And in most of these tournaments, the favored game is Texas Holdem.
This article focuses on those planning to take what was once their online casino pastime to a poker tournament close by. You will need to follow some basic betting structures, and we describe these for you. Even if they seem difficult to follow, don't worry. Just practice these at home with friends and you will soon learn the flow of these wagering structures.
Note: Remember that all the games rely on a basic maximum and minimum wager, and all the betting structures should be understood accordingly. Keep in mind that each game has a set limit that is fixed before the game commences. Once begun, the limit remains unchanged until the end. Note also that the tournament organizers or the casinos are those that decide these limits.
1) Structured Wagering Limit:
This means that there are two limits you play to. During the first two rounds, you place wagers according to the lower sum, and then you start betting according to the higher amount set. When you find a game called according to two amounts such as 4/8 dollar limit, then, it means that this game will be played according to the structured wager. Another thing to remember when entering such poker games is that you can only place four wagers each round and not one more.
2) Spread Limit Wager:
Here, you are free to place wagers in a pre-set range and you don't have to place fixed bets. When you find that the limit is within a range then it means that you have found a game that will be played according to the spread limit. Examples are games which can be played between a range of twenty to a hundred dollars. Note that such games do turn out to be expensive because some might bet according to the high limit. Another variation of the spread limit bet is to have a range of four wagers. What this means is that there is a certain amount you can bet for the round before the flop, for the round on the flop, and on the round after the flop and a certain amount for the river.
3) Basic Pot Limit Bet:
In such Texas Holdem games labeled as being played according to the basic pot limit, what it means is that you can place wagers anywhere between the amount that is the big blind and the total size of the game pot. Here too, take note that games such as these can result in high cash pots.
4) No Limit Betting:
This is the one version that pulls in the high rollers from all over. Here, there is not limit at all one how much you wager or raise. Note that unless you are a high-roller or unless you have a tremendous amount of experience playing Texas Holdem at tournaments, stay clear of such games.