Describe the difference between limit, pot-limit, and no-limit poker, and give an example of each.

Limit, pot-limit, and no-limit are three variations of betting structures that are commonly used in poker games. Each betting structure has its own set of rules and strategies that players need to understand in order to be successful.

Limit poker is a betting structure where there is a fixed limit on the amount of money that can be bet in each round of the game. The limit is predetermined before the game begins, and players are not allowed to bet more than the set limit. For example, in a $5/$10 limit game, the maximum bet that a player can make is $10 during the first two rounds of betting, and $20 during the last two rounds of betting.

Pot-limit poker is a betting structure where the maximum bet is equal to the size of the pot at any given time. In this structure, players are allowed to bet any amount up to the size of the pot. For example, if the pot is currently at $100, a player can bet up to $100. If another player wants to raise, they can bet up to $400 (the original pot of $100 plus the $100 bet, plus their own $200 raise).

No-limit poker is a betting structure where there is no maximum limit on the amount of money that can be bet in each round of the game. Players can bet any amount they want, up to the amount of chips they have in front of them at the table. This can lead to very large bets and raises, and can make the game very exciting. For example, if a player has $1,000 in chips, they can bet all of their chips on one hand if they want to.

Each betting structure requires a different set of strategies and skills. In limit poker, players need to be more patient and selective with their hands, as they cannot make large bets to bluff or push others out of the pot. In pot-limit and no-limit poker, players need to be more aggressive and willing to take risks, as they can make large bets and raises to put pressure on their opponents.

Overall, the choice of betting structure depends on the preferences and skill level of the players at the table, and can greatly impact the outcome of the game.