Fixed limit
Fixed limit is a betting structure where the bets are made in fixed amounts. There are two bet sizes, the small bet for the early rounds and big bet for the later ones.
Example:
In a $1/$2 Hold'em game, the small bet is $1 and the big bet is $2. In the betting rounds before and after the flop, the bet sizes are just $1. In the turn and river betting rounds, the bets are made $2 at a time. It is not possible to bet more or less than this.
Related Topics:
Pot Limit, No-Limit