In a fixed limit game, no one may bet or raise more than a predetermined number of chips. This limit, however, usually varies with the round of the game. In Stud poker, betting limits usually double when the fifth card is dealt. Thus, a $10–$20 game means that the first two rounds of betting are based on limits of $10, while the last three are in increments of $20. In Texas Hold’em, with four betting rounds, betting limits usually double on the third round.
