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There are different
ways of fixing a betting limit. Some limit is conceded to be necessary.
Once fixed, the limit should be unalterable throughout the game.
The limit may be any of the following popular ones:
1. Fixed limit. No one may bet or raise by more than a stipulated
number of chips; for example, two or five or ten. Usually, this
limit varies with the stage of the game: In draw poker, if the limit
is two chips before the draw, it is usually four after the draw.
In stud poker, if the limit is one in the first three betting intervals,
it is two in the final betting interval (and, often, two whenever
a player has a pair showing).
2. Pot limit. The limit for any bet or raise is the number of chips
in the pot at the time the bet or raise is made. (This means that
a player who raises may count as part of the pot the number of chips
required for him to call. If there are six chips in the pot and
then a bet of four is made, the total is ten chips; it requires
four chips for the next player to call, making 14; and he may then
raise by 14 chips.) When pot limit is played, there should still
be some maximum limit, such as 50 chips.
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