There are a few different types of poker tournaments; they are made different by their betting structures. The difference between limit and no limit games is the amount each person is allowed to bet at any one time.

Limit:
In a limit game a betting limit is maintained throughout the poker tournament. Players must bet a predetermined fixed amount for each round.

Pot Limit:
Players can bet an amount equal to the pot size, Pot Limit games are often abbreviated to “PL”.

No Limit Poker Tournaments:
When playing in No limit tournaments you are playing with chips, these chips represent your buy-in money and the overall pot. As the name suggests in no limit tournaments there is no limit to the amount a person may bet, players are allowed to bet all of their chips at any time. (more…)