The Name of the Game
If you play online poker, then you have a plethora of game options to choose from, which includes No Limit Texas Hold ‘Em, Fixed Limit Texas Hold ‘Em, Pot Limit Omaha, and more. For any beginners reading this, never refer to the game as No Limit Texas Hold ‘Em. If you do, it indicates that you’re a fish, otherwise known as a bad player that sharks will eat for breakfast. Instead, refer to the game as No Limit. For Fixed Limit Hold ‘Em, refer to the game as Limit. And when you’re referring to Pot Limit Omaha, just say PLO. This will indicate that you’re familiar with the game.
Cash vs. Tournaments
If you want to play cash games, then you will likely see tons of tables open for No Limit, Limit and PLO. The stakes might range from $0.01-$0.02 to as high as $500-$1,000. This pertains to the Small Blind and Big Blind – forced wagers for each orbit around the table in order to prevent players from sitting around and waiting for hands like AA or KK. If you want to play a tournament, then it’s most likely going to be No Limit. The vast majority of poker tournaments are No Limit.
Advantage & Disadvantage of Poker Tournaments
The best part about a poker tournament is that you’re often risking a little to win a lot. For instance, a $200 buy-in might have a first place prize of around $5,000. This number can vary greatly. It all depends on how many people have entered the tournament. The biggest disadvantage for a tournament is that when the blinds increase, the action is somewhat forced. In other words, if you don’t have a lot of chips and the blinds are high late in a tournament, you’re going to have to flip versus another player. Flip = 50/50.
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