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Originally Posted by eguie921 Read the link thanks for the assist. I like the way one poster put it, ring games are displayed by it's stakes and tournaments by it's blinds. That helps to remember. |
Actually,
Limit games are normally described by the stakes, and
No Limit/Pot Limit games are described by the blinds. It doesn't matter if they are ring games or tournaments.
That thread in the link is misleading. If you read Colquhoun's last response, it looks like pokerroom.com has a very strange betting structure for its Limit
tournaments, where only A SINGLE (!?) bet amount is allowed, instead of the usual two (small bet and big bet). This is apparently why the Limit tournament levels are described by the blinds sizes instead of the bet sizes (stakes).
Everywhere I have played, B&M and online (PP, Pstars, et. al.) a Limit game is ALWAYS described by the stakes, i.e. the small bet and the big bet, NOT the blinds.
It does not matter if it is a ring game or a tournament game. Conversely, a No-Limit or Pot Limit game is described by the blind amounts, again irrespective of whether it is a ring or tournament game (although ring NL games sometimes are described by the buy-in amount as well).
Just to make this agonizingly clear for all (esp. any noobs or "As Seen on TV" NL-tournament Hold'em only folks out there), since there seems to be some mixing of terms in this and the referenced thread:
"Ring" vs. "Tournament" game: A ring game is also known as a cash game. You are playing directly for money, not for some prize. Your chips are your money and may be cashed-out whenever you decide to leave the game. In a tournament, your chips do not represent actual cash won, but are your "score" in a competition for a limited number of prizes. If you leave the game, your chips become worthless.
Any betting structure (Limit, Pot Limit, No Limit) may be played as either a ring or tournament game. "Limit", "Pot Limit", "No Limit": Refers to the betting structure. Any of these may be played as a ring game or as a tournament.
Standard Limit games are described by the amount of the small bet/big bet. The small
blind is half the small
bet, the big
blind is the full small bet. Some games have more than two bet sizes, like Sunset Station's 3-6-9 game (3 pre-flop/flop, 6 turn, 9 river).
Pot Limit and No Limit games are described by the amount of the small blind/big blind. The big blind is the minimum bet.