All Bets Down

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For this same reason, only one set of missed blinds can be accumulated by the player; old missed blinds are removed when the big blind returns to that player's seat because the player was never in any position to gain from missing the blinds. In online poker it is common for the post to be equal in size to a big blind and to be live, just like the big blind.

This can create a tactical advantage for the player if they choose not to play during the time they would otherwise spend in the blind in full ring games.

The Globe and Mail

A straddle bet is an optional and voluntary blind bet made by a player after the posting of the small and big blinds, but before cards are dealt. Straddles are typically used only in cash games played with fixed blind structures. Some jurisdictions and casinos prohibit live straddles. Straddles are normally not permitted in tournament formats and are rarely allowed online. The purpose of a straddle is to "buy" the privilege of last action, which on the first round with blinds is normally the player in the big blind.

A straddle or sleeper blind may count as a raise towards the maximum number of raises allowed, or it may count separately; in the latter case this raises the maximum total bet of the first round. For example, straddling is permitted in Nevada and Atlantic City but illegal in other areas on account of differences in state and local laws. The player immediately to the left of the big blind "under the gun", UTG may place a live straddle blind bet. The straddle must be the size of a normal raise over the big blind. A straddle is a live bet; but does not become a "bigger blind".

The straddle acts as a minimum raise but with the difference being that the straddler still gets their option of acting when the action returns to them. In a No-Limit game if any other player wants to make a raise with a straddle on board, the minimum raise will be the difference between the big blind and the straddle. Small Blind is 5, Big Blind is 10, a Straddle would be The minimum raise would be 10, for a total of 30, it doesn't need to double to Action begins with the player to the left of the straddle. If action returns to the straddle without a raise, the straddle has the option to raise.


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This is part of what makes a straddle different from a sleeper because a sleeper does not have the option to raise if everyone folds or calls around to him. Some casinos permit the player to the left of a live straddle to re-straddle by placing a blind bet raising the original straddle. Depending on house rules, each re-straddle is often required to be double the previous straddle, so as to limit the number of feasible re-straddles. Straddling is considered poor long-term strategy by most experts, since the benefit of obtaining last action is more than offset by the cost of making a blind raise.

Because straddling has a tendency to enrich the average pot size without a corresponding increase in the blinds and antes if applicable , players who sit at tables that allow straddling can increase their profits considerably simply by choosing not to straddle themselves. Straddling is voluntary at most cardrooms that allow it, however house rules can make straddling obligatory at times by using a special token called "the rock" at the table.

Whoever is in possession of the "rock" is obliged to place a live straddle for double the big blind when they are in the UTG position. The winner of the ensuing pot takes possession of the "rock" and is obliged to make a live straddle when the UTG position comes around to him.

If the pot is split the "rock" goes to the winner closest to the left i. This is very similar in principle to the "kill blind" of a kill game, but does not necessarily occur in the same circumstances, and the betting amounts do not have to be affected beyond the first round as in a kill game. A Mississippi straddle is similar to a live straddle, but instead of being made by the player "under the gun", it can be made by any player, depending on house rules one common variation is to allow this left of big blind or on the button.

House rules permitting Mississippi straddles are common in the southern United States. Like a live straddle, a Mississippi straddle must be at least the minimum raise. Action begins with the player to the left of the straddle in a common variation, action starts left of the big blind, skips over the straddle who is last.


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  6. If action gets back to the straddle the straddle has the option of raising. The player to the left of a Mississippi straddle may re-straddle by placing a blind bet raising the original straddle. A sleeper is a blind raise, made from a position other than the player "under the gun". A sleeper bet is not given the option to raise if other players call, and the player is not buying last action; thus the sleeper bet simply establishes a higher minimum to call for the table during the opening round and allows the player to ignore their turn as long as no one re-raises the sleeper bet.

    Sleepers are often considered illegal out-of-turn play and are commonly disallowed, but they can speed up a game slightly as a player who posts a sleeper can focus their attention on other matters such as ordering a drink or buying a tray of chips. It can also be an intimidation tactic as a sleeper raise makes it unfeasible to "limp in" a situation where a player with a mediocre starting hand but acting late only has to call the minimum to see more cards , thus forcing weaker but improvable starting hands out of the play.

    Alice is in the small blind, Dianne is in the big blind, Carol is next to act, followed by Joane, with Ellen on the button. Betting limits apply to the amount a player may open or raise, and come in four common forms: All such games have a minimum bet as well as the stated maximums, and also commonly a betting unit , which is the smallest denomination in which bets can be made. It is also common for some games to have a bring-in that is less than the minimum for other bets.

    In this case, players may either call the bring-in, or raise to the full amount of a normal bet, called completing the bet. In a game played with a fixed-limit betting structure, a player chooses only whether to bet or not—the amount is fixed by rule in most situations. To enable the possibility of bluffing and protection , the fixed amount generally doubles at some point in the game. This double wager amount is referred to as a big bet.

    Some limit games have rules for specific situations allowing a player to choose between a small or big bet. For example, in seven-card stud high , when a player has a face-up pair on the second round 4th street , players may choose a small or big bet e. Most fixed-limit games will not allow more than a predefined number of raises in a betting round. The maximum number of raises depends on the casino house rules , and is usually posted conspicuously in the card room. Typically, an initial bet plus either three or four raises are allowed.

    Once Player A has made their final bet, Players B and C may only call another two and one bets respectively ; they may not raise again because the betting is capped. A common exception in this rule practiced in some card rooms is to allow unlimited raising when a pot is played heads up when only two players are in the hand at the start of the betting round. Usually, this has occurred because all other players have folded, and only two remain, although it is also practiced when only two players get dealt in.

    Many card rooms will permit these two players to continue re-raising each other until one player is all in. Sometimes a fixed-limit game is played as a kill game. In such a game, a kill hand is triggered when a player wins a pot over a certain predetermined amount, or when the player wins a certain number of consecutive hands. The player triggering the kill must post a kill blind , generally either 1.

    In addition, the betting limits for the kill hand are multiplied by 1. The term kill , when used in this context, should not be confused with killing a hand , which is a term used for a hand that was made a dead hand by action of a game official. A game played with a spread-limit betting structure allows a player to raise any amount within a specified range. These limits are typically larger in later rounds of multi-round games. Playing spread-limit requires some care to avoid giving easy tells with one's choice of bets.

    Beginners frequently give themselves away by betting high with strong hands and low with weak ones, for instance. It is also harder to force other players out with big bets. There is a variation of this known as "California Spread," where the range is much higher, such as or California Spread, as the name implies, is played in California, Colorado, and Minnesota, where local laws forbid no limit. In a half-pod limit game no player can raise more than the half of the size of the total pot. Half-pod limit games are often played at non-high-low games including Badugi in South Korea. In a pot-limit game no player can raise more than the size of the total pot, which includes:.

    This does not preclude a player from raising less than the maximum so long as the amount of the raise is equal to or greater than any previous bet or raise in the same betting round. Making a maximum raise is referred to as "raising the pot", or "potting", and can be announced by the acting player by declaring "Raise pot", or simply "Pot".

    These actions, with additional follow-up wagering, are laid out in Table '1' on the right. Only pot limit games allow the dealer, on request, to inform the players of the pot size and the amount of a pot raise before it's made. The dealer is also required to push any amount over the maximum raise back to the offending player. Keeping track of those numbers can be harrowing if the action becomes heated, but there are simple calculations that allow a dealer or player to keep track of the maximum raise amount.

    Here is an example:.

    All bets are off as U.S. cracks down on online poker - The Globe and Mail

    There may be some variance between cash and tournament play in pot limit betting structures, which should be noted:. There can be some confusion about the small blind. Some usually home games treat the small blind as dead money that is pulled into the center pot. A game played with a no-limit betting structure allows each player to raise the bet by any amount up to and including their entire remaining stake at any time subject to the table stakes rules and any other rules about raising.

    Hands in a cap limit or "capped" structure are played exactly the same as in regular no limit or pot limit games until a pre-determined maximum per player is reached. Once the betting cap is reached, all players left in the hand are considered all-in , and the remaining cards dealt out with no more wagering. Cap limit games offer a similar action and strategy to no limit and pot limit games, but without risking an entire stack on a single hand.

    All casinos and most home games play poker by what are called table stakes rules, which state that each player starts each deal with a certain stake, and plays that deal with that stake. A player may not remove money from the table or add money from their pocket during the play of a hand. In essence, table stakes rules creates a maximum and a minimum buy-in amount for cash game poker as well as rules for adding and removing the stake from play. A player also may not take a portion of their money or stake off the table, unless they opt to leave the game and remove their entire stake from play.

    Players are not allowed to hide or misrepresent the amount of their stake from other players and must truthfully disclose the amount when asked. In casino games, an exception is customarily made for de minimis amounts such as tips paid out of a player's stack. Common among inexperienced players is the act of "going south" after winning a big pot, which is to take a portion of one's stake out of play, often as an attempt to hedge one's risk after a win.

    This is also known as "ratholing" or "reducing" and, while totally permissible in most other casino games, is not permitted in poker. If a player wishes to "hedge" after a win, the player must leave the table entirely—to do so immediately after winning a large pot is known as a "hit and run" and, although not prohibited, is generally considered in poor taste as the other players have no chance to "win some of it back". In most casinos, once a player picks up their stack and leaves a table, they must wait a certain amount of time usually an hour before returning to a table with the same game and limits unless they buy in for the entire amount they left with.

    This is to prevent circumvention of the rule against "ratholing" by leaving the table after a large win only to immediately buy back in for a lesser amount. Table stakes are the rule in most cash poker games because it allows players with vastly different bankrolls a reasonable amount of protection when playing with one another. They are usually set in relation to the blinds. This also requires some special rules to handle the case when a player is faced with a bet that they cannot call with their available stake. A player faced with a current bet who wishes to call but has insufficient remaining stake folding does not require special rules may bet the remainder of their stake and declare themselves all in.

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    They may now hold onto their cards for the remainder of the deal as if they had called every bet, but may not win any more money from any player above the amount of their bet. In no-limit games, a player may also go all in, that is, betting their entire stack at any point during a betting round. A player who goes "all-in" effectively caps the main pot; the player is not entitled to win any amount over their total stake. If only one other player is still in the hand, the other player simply matches the all-in retracting any overage if necessary and the hand is dealt to completion.

    However, if multiple players remain in the game and the bet rises beyond the all-in's stake, the overage goes into a side pot.

    All bets are off as U.S. cracks down on online poker

    Only the players who have contributed to the side pot have the chance to win it. In the case of multiple all-in bets, multiple side pots can be created. Players who choose to fold rather than match bets in the side pot are considered to fold with respect to the main pot as well. Player C decides to "re-raise all-in" by betting their remaining stake. Player A is the only player at the table with a remaining stake; they may not make any further bets this hand.

    As no further bets can be made, the hand is now dealt to completion. It is found that Player B has the best hand overall, and wins the main pot.

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    Player A has the second-best hand, and wins the side pot. Player C loses the hand, and must "re-buy" if they wish to be dealt in on subsequent hands. There is a strategic advantage to being all in: Opponents who continue to bet after a player is all in can still bluff each other out of the side pot, which is also to the all in player's advantage since players who fold out of the side pot also reduce competition for the main pot.

    But these advantages are offset by the disadvantage that a player cannot win any more money than their stake can cover when they have the best hand, nor can an all in player bluff other players on subsequent betting rounds when they do not have the best hand.

    The Coming Collapse: If the Power Grid Goes Down, All Bets Are Off - James Wesley Rawles

    Some players may choose to buy into games with a "short stack", a stack of chips that is relatively small for the stakes being played, with the intention of going all in after the flop and not having to make any further decisions. However, this is generally a non-optimal strategy in the long-term, since the player does not maximize their gains on their winning hands. If a player does not have sufficient money to cover the ante and blinds due, that player is automatically all-in for the coming hand. Any money the player holds must be applied to the ante first, and if the full ante is covered, the remaining money is applied towards the blind.

    Some cardrooms require players in the big blind position to have at least enough chips to cover the small blind and ante if applicable in order to be dealt in. In cash games with such a rule, any player in the big blind with insufficient chips to cover the small blind will not be dealt in unless they re-buy. In tournaments with such a rule, any player in the big blind with insufficient chips to cover the small blind will be eliminated with their remaining chips being removed from play.

    That which seemed certain or foreseeable in the future is now completely unpredictable. The team seemed poised for a deep playoff run, but now that their star player is injured, all bets are off. Referring to an agreement that has broken down, been reneged upon, or is no longer valid. All bets are off on the proposed tax measure, as members in congress have failed to come up with a bipartisan solution. You say all bets are off , to mean that it is impossible to say how a particular situation will develop. This election year all bets are off. Prosecutors last week added an Internet-age twist to the old poker maxim, accusing 11 online entrepreneurs — including a reputed Canadian billionaire — of staying in business long enough to run afoul of new U.

    Online poker is a multibillion-dollar business, one usually centred on offshore tax havens such as Gibraltar, the Isle of Man and various Caribbean nations. To staunch the flow of gambling dollars overseas, the U. The law made it illegal for U. As some rivals ceased doing business with U. It's alleged they operated through layers upon layers of intermediaries, in order to trick U. Only three of the 11 accused are in U. Some dot-com names associated with poker sites have been taken over by the Federal Bureau of Investigation. Yet the actual online poker sites persist. In fact, Full Tilt poker used its Twitter account to tweet subscribers on Monday that it is "business as usual" for customers outside the United States.

    Now the Israeli-Canadian, 64, is said to be worth a few billion dollars. That's because a decade ago he founded PokerStars, a popular gambling site with global appeal, and one that rakes a small percentage from every pot involved in thousands of real-money hands played each second. Five years ago, Mr. Scheinberg's fortunes, naming him as the lead defendant in a conspiracy to route U. Department of Justice prosecutors now consider him a fugitive; should he be convicted, he would face up to 30 years in prison.

    Scheinberg is reputed to live where his company of 1, staff is headquartered, in the Isle of Man tax haven.

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