Texas Holdem

Texas hold'em-or just hold'em, as most players know it-is probably the best known and most popular form of poker today. The popularity comes from the recent explosion of interest in poker. Television exposure, in the form of the World Poker Tour, coverage of the World Series of Poker, celebrity poker events, and coverage of other tournaments, has energized the public. Online players have turned $25 tournament buy-ins into millions by playing texas holdem, and this has helped popularize online play. And the game of choice in all these events is hold'em.

Whether online or in a brick-and mortar cardroom ( b&m ), hold'em plays the same. As in most forms of poker, hold'em uses a standard 52-card deck. Hold'em is usually played 9- or 10-handed online.

The texas holdem strategies is different from place to place. One can say that it all depends on table position, stakes, and of course how good the others play. One can say that you really need to learn the game first in order to develop your poker strategy correctly.

Blinds

Each hand of hold'em starts with two blinds. Blinds are preliminary bets made by two players before cards are dealt for the purpose of stimulating action. If there was nothing to win, the first player to make a decision would have no reason to make a bet. The deal position is indicated by a white disk, labeled D, called the dealer button, or,simply, the button. This is the position from which the dealer would distribute cards if the dealer were one of the players. Prior to cards being distributed, the player to the left of the button puts in chips equal to (usually) half the size of the minimum bet for the game. The player to that player's left puts in chips equal to the minimum bet for the game.

Sitting Down

When you first sit down at a table, you must wait for the big blind to arrive at your position. This happens naturally, because the button moves one position to the left (clockwise) after each hand. Alternatively, to get dealt in immediately, you can post, that is, put in a blind the same size as the big blind. If you post, you get dealt in right away and on succeeding hands.

Each player must put both a small blind and a big blind into the pot once each per round. If you ever miss the blinds in a round, you must either wait for the big blind to get to you, or post both missed blinds. This you do at one time. An amount equal to the size of the big blind is part of your bet. (It plays for you .) An amount equal to the size of the small blind becomes part of the pot and is not part of your bet. For example, in a $2/$4 limit game, if you miss the blinds and do not wait for the big blind to get to you to get back into play, you would put $3 into the pot, of which $2 would be considered part of your bet when it is your turn to act on the first round, and $1 would belong to the pot to be won by the eventual winner of the pot.

First Round

When the blinds are in place, the dealer distributes first one card and then another face down to each player, starting with the little blind. These two starting cards are called hole cards. Your hole cards appear face up on screen, but don't worry; only you can see your hole cards. Only the backs of every other player's hole cards appear on screen. Every other player has a similar view, with only his own hole cards visible.

Each player starts with two cards, and then five cards are placed face-up in the center of the table. These community cards are part of each player's hand, so each player has access to seven cards. Each player tries to make the best possible poker hand by using five of the seven cards. Since a poker hand consists of exactly five cards, only the best five of the seven cards play. Even if you haven't had experience with hold'em, you don't have to worry which are the best cards; the software automatically chooses the best five for you when it comes time to compare hands.

Hold'em, as any form of poker, is about betting. Hold'em has four betting rounds. The sizes of the bets depend on the structure of the game, of which hold'em has three possibilities:
Limit game
Pot-limit game
No-limit game

The betting on the first round always starts with the player just to the left of the big blind. This position is sometimes called under the gun. As the first player, you have three choices. You can:
fold
open for the minimum (limp)
open for a raise

You choose your action by clicking in a dialog box. If you fold at any point, your cards are removed from play and no longer appear on the screen, you are out until the next hand, and you have no further interest in the pot. If you fold, the next player has the same choices. If everyone folds, including the small blind, the pot goes to the big blind, and the next hand is dealt.

If you or anyone else opens, each succeeding player has three choices:
fold
call, that is, match the preceding bet
raise, that is, increase the preceding bet

Each player in turn has the same three choices. If there has been a raise, each player who chooses to continue must either call the total bet thus far or himself raise. In any one round of betting, there can be a maximum of one bet plus three raises. When the betting (also called action ) gets to the blinds, they have the same choices. However, they already have chips in the pot, and those chips count towards their bet. For example, if, in a $2/$4 limit game, you had opened for $2, and two players had raised, the total bet would be $6. When it was the turn of the small blind, that player could fold. The player could call, by putting $5 into the pot. (He already has $1 in.) Or that player could raise, by putting $7 into the pot. This would cap the betting for that round, that is, cause it to reach the maximum. (Pot limit and No limit games have no cap on the number of bets that can be made.)

Similarly, the big blind, who already has $2 invested in the pot, gets in for $2 less. If there have been no raises when the bets gets to the big blind, that player has what is called the option. He can opt to raise, in which case each active player in turn is offered a choice of calling the raise or reraising-or folding. The big blind can also choose not to raise, which stops the betting for that round. The big blind in this option situation is known in poker parlance as a live blind.

The Flop

Once the betting for the round is equalized, that is, once everyone has had an opportunity either to fold or match the total betting, the dealer deals three cards face up in the center of the table. These first three of the community cards are called the flop.

The second round of betting takes place. In this round, the betting starts with the first active player (one who still has cards) to the left of the button. If the small blind called on the first round, that player would be first to act , even though he was next-to-last on the first round of betting. Only in the first round (sometimes called the preflop round) does the betting start elsewhere. In all rounds after the first, the first player has two choices:
check, that is, make no bet
bet, that is, make a bet at the proper limit for that round

If no one bets, each player in turn has the same choices. It is possible in every round except the first for no betting to occur. No betting in a round is called being checked around.

If anyone bets, each succeeding player has three choices:
fold
call, that is, match the preceding bet
raise, that is, increase the preceding bet

A player who checks retains his cards. If someone bets, when the action returns, a player who checked has the preceding three choices. To check and then raise when the betting returns is known, reasonably enough, as check-raising. If you check with the intention of raising, you of course risk the possibility that no one will bet.

The Turn

Once the betting for the second round is equalized, that is, once everyone has had an opportunity either to check or match the total betting for the round, the dealer deals one more card face up in the center of the table. This fourth of the community cards is called the turn.

The third round of betting takes place. Again, the betting starts with the first active player to the left of the button. The betting proceeds exactly the same as the second round. In a limit game, in the third round and fourth rounds the betting usually proceeds in increments twice the size of the first two rounds.

The River

Once the betting for the third round is equalized, the dealer deals a fifth and final card face up in the center of the table. This last community card is called the river.

The fourth and final round of betting takes place. Again, the betting starts with the first active player to the left of the button. The betting proceeds exactly the same as the two previous rounds.

Showdown

Once the betting for the fourth round is equalized, the betting is over, and there is a showdown. Remaining active players show their cards and the best hand, comprised of the best five cards from among each player's combination of two hole cards plus the community cards, wins. The holder of the winning hand is awarded the pot.

Sometimes a player runs out of chips before all the betting is over. In such case, one or more side pots are created, and the software awards appropriate main and side pots. When a player is all in, a bet or raise can be made that is not called, but a showdown still takes place.

In determining the winning hand, the combination of five best cards sometimes includes both a player's hole cards. Sometimes it includes only one of a player's hole cards. Sometimes, rarely, no hole cards are used. In such a case, the board would contain some combination better than any hand that can be made using any player's hole cards. This is called playing the board. When all players play the board, the pot is split equally among all players remaining in the hand at that point. For example, with an ace-high straight of four different suits on the board, it would be impossible for any player to produce a five-card combination better than an ace-high straight. If three players remained, the software would split the pot equally among the three.

from: http://www.holdembonus.com