There are two ways of classifying poker
games: by card dealing (stud, draw and community) and by betting
types (fixed limit, pot-limit and no-limit). The most popular
poker game in terms of card dealing is Texas Hold'em, a
community poker game. As any other poker game, Texas Hold'em can
be played with fixed limit, pot limit or no limit. This article
will analyze the differences between Limit Hold'em and No-Limit
Hold'em.
In Limit Hold'em the bet
size is predefined in each betting round. Usually, the pre-flop
and flop bets have the size of a big blind, while the bets on
the turn and river are double. In a $2/$4 Limit Hold'em game the
small blind is $1, the big blind is $2, bets on pre-flop and
flop are $2 while the bets on the turn and the river are $4. In
each round of betting a player can raise up to 3 times (only if
someone else re-raises). A medium stack size for playing such
game is $100.
As the name sais, No-Limit Hold'em
has no limits on the bet size. This is why the No-Limit games
are not described by the stakes as Limit games, but by the size
of the blinds. This way, in a $2/$4 No-Limit Hold'em game the
blinds are $2 (small blind) and $4 (big blind) and the bets are
unlimited, but not below $4 (the value of the big blind). A
medium stack size for this type of game is $400.
Choosing stakes, tables and buy-ins
In Limit games there is not a big deal when
deciding how much money you take to a table. Your stack size
compared to your opponents' really doesn't matter, since you
can't put too much money on a single pot. The minimum buy-in at
a Limit table is enough to be able to play for a while. The
situation is completely different in No-Limit, where the size of
your buy-in is very important. The way you play and the way your
opponents play against you is influenced by the size of the
stacks. In No-Limit your stack can be lost on a single hand, but
it can also double very quick. This is why it is very important
to keep many buy-ins available for no-limit games.
Let's say you have a $100 bankroll, and you
have a winning target of $20-$30 in a poker session without
risking more than $30. In Limit Hold'em you can easily take all
your money at a table trying to reach a $130 stack. In case
you're losing, you will sit out when your stack is around
$70. This way you have to win only 30% of your stack, which
should not take too much time if things go well. However, in
No-Limit Hold'em you must take only $30 at the table with you,
because sometimes it's impossible to stop when you would like
to. In No-Limit, your whole stack is at risk, but can also be
doubled quicker. Making 100% profit with $30 in a No-Limit game
can sometimes be faster than making 30% with $100 in a Limit
game.
Playing style
Maybe the biggest difference between Limit
and No-Limit is the playing style. While in Limit games every
hand counts in your grinding attempt, in No-Limit there is
usually only one hand that really counts. Many No-Limit players
develop their game waiting for a big hit with a strong hand,
while in Limit games the purpose of the game is to win as many
hands as possible.
Limit games favors the limpers and the
chasers. It's pretty cheap to call and wait to see what card is
coming next. In a No-Limit game the aggressive play is much more
efficient, eliminating many of the limpers. Playing draws is
recommended on Limit games and can pay off very well. Not the
same thing goes for No-Limit, where very few draws will be able
to see the river. It's easier to call a turn bet of two big
blinds in a Limit game to see if your flush or OESD hits, than
calling a pot sized bet on No-Limit.
The value of a hand also differs a lot
between the two games, and so the way to play it. A top pair on
the flop (KK) in a No-Limit game is a very good hand, where a
strong bet can eliminate all the players. In a Limit game is
very likely to get called by one or more players who are still
waiting their aces to show up. Then your top K pair will turn
into trash.
Psychological aspects
Psychologically talking, No-Limit games are
much tougher than Limit ones. There are even poker pros who
avoid playing No-Limit, because of the tension involved.
Consider you hold an AQ suited on late position and someone
places a big bet before you in a No-Limit game. What would you
do? In a Limit game it's much simpler, because your opponent's
bet has the size of a big blind, so you can easily call him or
even re-raise him. Taking decisions in a No-Limit game can be
very difficult in certain situations and requires a very good
mental state. Losing your entire stack in a single hand can be
very depressing, and this can happen from time to time if you
play No-Limit.
If you prefer to stay on the safer side we
recommend Limit Poker, but if you like heavy action and
high-intensity games, than No-Limit is the game for you.