The Confusing Pot Limit Poker Bet Structure? Maybe not.....

One of my favorite games in Poker. I will usually play Pot Limit Omaha or Texas Hold'em before any other.

Pot Limit Rules
http://www.wsop.com/poker-rules/rules_nlpl.asp

Rule #6. In pot-limit, if a chip or a bill larger than the pot size is put into the pot without comment, it is considered to be a pot size bet and any excess is returned to the bettor OR if short of the pot, additional money needs to be put into the pot to make it a pot size bet.

The Bottom Line: Always announce your intended Bet, prior to moving your chips into the pot. Remember, if you don't announce "Pot" first, you'll be called on a string bet if you put the minimum bet in first, then try to add a raise to bet the Pot.. Always vocalize your intended action.

How Much?

It's sometimes hard to do the math in your head. If the pot is $424 and someone bets $68, how much can you bet? Don't waste time by attempting to calculate the answer beforehand - just announce "Pot," then figure it out, put in your call first, and then add up the total pot with all bets, adding that to your bet. (In case you're wondering, the answer here is $628.)

Easy to figure if you just multiply the last bet times 3 plus the pot, before the last bet.

68*3=204+424=628, which is the amount of your raise.

If the chips have already been added to the pot, then the last bet times 2 = the pot bet.

424+68=492 +136 = 628.
If the next person wants to raise the pot again, the new bet would be 3 times 628 (1256) + previous pot of 424 = 2309.

How you determine the maximum bet is by counting all the money in the pot and all of the bets on the table, including any call you would make before raising. (It sounds more complicated than it really is.)

You can raise any amount in between the minimum and maximum raise amounts.

Pot-Limit Hold'em is not very popular, and is mostly seen only in some large tournaments (such as the WSOP), but the Pot-Limit betting structure is used in Pot-Limit Omaha.

Pot-Limit Omaha is rapidly becoming one of the most popular poker variations, so it's a good idea to get acquainted with the Pot-Limit structure anyway.

I NEVER BLUFF

The Only Good Hand Was the Last Hand - FOLD EQUITY

The Only Good Hand Was the Last Hand - FOLD EQUITY

 

        http://www.exceptionalpoker.com/?p=1043

"It is the equity a player can expect to gain due to the opponent folding to his or her bets."

Folding?
It depends as much on the type of table you are at as it does the type of player you are playing, maybe more.

Most comments about any type of play center around a specific player and tends to be focused on becoming heads up after the flop, if not during the flop.

That only happens about 30%-40% of the time live and almost nonexistent on-line. Aggressiveness is the only game in town when paying on-line, but in a live cash game, aggression is sometimes fleeting, most times it's random to intermittent.

If you're at an aggressive table, there may be no real fold equity, because you are usually up against 2 to 3 villains. If you don't really know how much they have in their pocket, which you don't, you can't really tell how aggressive they are going to be. If you have watched the table, which you should have before sitting down, you can tell who is the Loose Aggressive and who is the Selective Aggressive player. Their fold equity is quite a bit different than the passive player that sits in-between them.

Essentially, fold equity is the extra amount of equity you gain when you factor in how likely your opponent is to fold. Working out the correct amount of fold equity relies heavily on your ability to read an opponent. In other words, you need to be fairly certain of your chances to get an opponent to fold. But how about 2 villains or even 3?

The formulas you read about in the most popular strategy sites are only good for a head-to-head battle.
With multiple opponents, you have to rely on multiple reads and your initial threat assessment for each villain.

A final word of warning…https://www.partypoker.com/how-to-play/school/advanced/fold-equity.html

When playing against really loose aggressive players, your fold equity will likely be close to zero. This is also the case against players with really short stacks (very few playing chips) at a cash/ring game as well as in tournaments. Short-stacked players are less likely to fold, as they need to take more risks.

I NEVER BLUFF