NO-LIMIT POKER
No-Limit is considered by many to be the purest form of poker. Many major tournaments, including the The $10,000 Big One championship event are played no-Limit.


AMOUNT BET
A player may bet all money he has in play at any time pursuant to the rules governing table stakes. There is, literally, no limit on the amount a player may bet up to everything he has in front of him.


NO CA.
There is no limit on the number of raises on any betting round.


MINIMUM BET & RAISE
Except for a player going all-in, all bets must be for no less than the minimum bring-in designated for the structure. Further, all raises must be equal to or greater than the size of the of the previous bet or raise on that round, except when making an all-in wager.


NO CHECKRAISING AN ALL IN WAGER
An all-in bet for less than the minimum bring-in may not be raised by any player who has already checked. Further, a player who has already checked and called may not subsequently raise an all-in bet that is less than the amount of the last bet or raise. (IE If a player bets $100 and is raised $100 by a second player and a third player goes all in for a raise of less than $100 and the first player calls, the second player may not raise again because he was not raised by a "complete" raise. However the first player is permitted to raise, because his bet was raised a complete raise by the second player. If the first player does elect to raise, then the second player may re-raise because he has now been raised a complete raise.)


RELEASE CHIPS
A movement with chips is not binding as a wager until the chips are released into the pot.


VERBAL DECLARATIONS OF BETS BINDING
If a player announces a bet or raise of a certain size but puts a different amount in the pot, the bet will be corrected to match the amount of the verbal declaration.


OVERSIZED CHIPS
A large chip or bill placed into the pot without comment shall be presumed to be a wager for the full amount of the chip or bill, unless the action is responsive to action the player is facing. If the player is facing action, then the oversized chip or bill without comment shall be deemed a call.


ANNOUNCING RAISE
A player who announces raise may use more than one motion to place chips into the pot until his action is complete, notwithstanding any rule against string raises.


RIGHT TO KNOW MONEY
A player has the right to know how much money an opponent has in play. All players are entitled to an unimpeded view of the chips and cash of all opponents, and a count of opponent's cash and chips. That said, a player shall not unreasonably slow down the game by repeatedly asking for a countdown of his opponents. As in all other games, only hundred dollar bills play in no-limit, and other cash shall not be permitted on the table.


HOUSE MAY INVOKE CLOCK
The dealer shall give a player one minute and ten seconds to act pursuant to the rules relating to clock requests when a player fails to act timely (See Article 10 for more details relative to clock requests.)


INSURANCE AND PROPOSITION BETS
Insurance and proposition bets are private agreements between or among players not involving the house. While the house encourages players to honor their propositions the house is not in any way responsible for them. The pot shall always be awarded to the proper player, either the player with the best shown down hand, or the player who has made an unmatched wager. Further, the house shall invoke the clock during insurance and proposition negotiations that unreasonably delay the game.


LOWBALL
Special rules apply to Lowball played no-limit. (See Article 5 of Caro & Cooke's Rules for more details.)


POT-LIMIT POKER
Pot-limit is the prevalent form of poker in Europe and is commonly spread during tournament side action.


BETTING UP TO THE AMOUNT IN THE POT
Pot-limit is most common in button games, although stud games are sometimes played pot limit. In pot-limit poker a player may bet any amount between the minimum bring-in established by the house rules for that particular structure and the amount of the pot. A player has the right to bet the established minimum at any time, even if it is an amount larger than is presently in the pot.


NO-LIMIT RULES APPLY
Except for those matters set forth herein relative to the amount which may be wagered, all rules of no-limit poker apply to pot-limit poker.


OPENING BET
In pot-limit the bring-in bet is sometimes larger than the combined total of the blinds and antes. Typically the minimum opening bet is the size of the big blind and the maximum opening bet is any amount between the big blind and four times the size of the big blind. Nonetheless, requirements for opening bets are not an appropriate subject for rules and shall be set by each establishment in its best judgement.


DETERMINING THE SIZE OF THE POT
The size of the pot for purposes of determining the maximum bet shall be rounded upward to an even multiple of the minimum betting unit, with odd chips smaller than the minimum betting unit deemed to be combined to equal one minimum betting unit. Raked chips and chips taken out for time collection are counted as part of the pot. The maximum amount a player can raise is the amount of the pot after he has called the bet he is raising. Thus, when a player is calling a bet, the amount he places into the pot in making the call counts toward the size of the pot in establishing the maximum raise he can make. (IE If there is $100 in the pot, and a player makes a pot-sized wager of $100, a player responding to that wager can call the bet, which makes the pot $300, and raise the size of the pot another $300, which would make the


OVERBETS
If a player makes a wager that exceeds the size of the pot, any excess shall be returned to him if it is discovered prior to substantial action behind him. If two or fewer players have acted behind him, all action shall be corrected to reflect the proper amount. If more than two players have acted behind him, the overbet shall stand.


OVERSIZED CHIPS
A chip or bill larger than the pot placed into the pot without comment shall be presumed to be a wager for the size of the pot unless the action is responsive to action the player is facing. If the player is facing action, then the oversized chip or bill without comment shall be deemed a call.




POT-LIMIT VARIATIONS
Pot Limit can be played with several different variations, including:
    1. Pot-limit up to a certain amount, where players can bet and raise the size of the pot up to a maximum bet. (IE. Maximum bet is the size of the pot but not more than $100.)
    2. No-limit after the flop, but pot-limit before the flop, in which case the rules of pot-limit shall govern action before the flop and the rules of no-limit shall apply after the flop.
    3. Half Pot-Limit, wherein players may bet up to half the pot at any time.

8.02.08 LOWBALL
Certain special rules apply to Lowball played pot-limit. See Article 5 of Caro & Cooke's Rules for more details.