In Fixed Limit betting, raises and bets are limited to certain amounts. These amounts usually increase later in the tournament.
The amount of the bets is dependent upon the game's size.
For instance, for a Fixed Limit Seven Card Stud tournament with 50/100 stakes, the raises would be $50 in the initial rounds and $100 in the later rounds.
In Fixed Limit betting, a player simply decides whether or not to bet, while the amount remains fixed.
In order to keep the option of bluffing open, the fixed amount usually doubles sometime during the game. This double amount is called the big bet.
John Tucker - Editorial Manager