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Limit vs No-Limit: Three Strategic Differences

By , Rakeback.com Staff Writer

How well do you know your Limit Hold-em? With No Limit still the most widely-played form of poker out there, its fixed limit cousin often gets a bad rep, seen as 'boring', simple, overly mathematical, the list goes on... 'a dead game' where you can't bluff or 'protect your hand'.

In LHE your bets can feel like a feeble fraction of the pot, laying your opponent excellent odds on a call and leaving you tearing your hair out over river suckouts.


Each to their own, but hear us out – the three slices of statistical study below might just raise your opinion of LHE a unit or two.


Shown below are the Holdem Manager stats, filtered for 6max $10/$20 LHE, of world-class online midstakes grinder and Drag The Bar coach Paul 'GiantBuddha' Hoppe*. 



Fixed Limit Holdem Manager Stats


Cross check these with your own for NLHE, and let's make some comparisons.


1. You Can Play More Hands


As a Rakeback.com reader, you probably play a solid, tight-aggressive NLHE 6max game, with a VPIP/PFR of around 23/20, 20/18, 18/15... somewhere in that area. In LHE, the same TAG villain, the kind of player you don't want at your tables, is playing between 30/20 or looser.


In high-stakes, low rake environments, where LAG players are actively trying to exploit each others' tendencies, a 40/30 style is not uncommon. 6 Max LHE is like combat; a fast and action-packed battle for the blinds.


The wider gap between VPIP and PFR stems from having a much lower Fold BB To Steal %. Given the importance of taking down the blinds to your winrate, steal attempts in LHE are very frequent - online legend Bryce 'Freedom25' Paradis famously proved using a large HEM database that you can steal from the button over 50% of the time and still turn a profit.


As a result, you're forced to defend your BB much more often. Players of Bryce's calibre will fold their big blind to a small blind raise approximately zero percent of the time.


Facing a small blind steal range of 65%, for example, you're up against the following myriad of hands:



LHE Small Blind Opening Range

SB opening standards


For just 0.5BB more to call pre, having position postflop, and with a flop c-bet guaranteed almost 100% of the time, it becomes +EV to defend virtually any two cards and peel all but the worst flops. You'll find yourself in some tough turn and river spots – but that's part of the fun.



2. You Can Showdown More


A complex 'levelling game' arises in Limit Hold-em: players' raising ranges are wider, therefore your calling range opens up in response. If it's standard for opponents to call down with Ace high on dry boards heads-up, given pot odds and your perceived range, then by extension it becomes standard to value bet the strongest Ace high hands yourself... soon King high becomes 'the nut bluff-catcher', and so on.


A WTSD of 40% or more in LHE is the result - much higher than the 25-30% standard in NLHE, where an incorrect river call can cost you your entire stack, so you need to be correct a much higher percentage of the time.


It follows of course that you can bet more thinly for value on rivers – whereas in NLHE it'd be considered quite 'sick' to value-bet 22 on all three streets on a 445AK board and get called down by QJ, no-one bats an eyelid seeing the same hand play out in LHE.


TexasLimitKing LHE Hand

One of the most famous nosebleed limit call downs


3. Short Term Swings Are Smaller


A standard deviation of 18BB/100 in LHE means that for every 100 hands you play, there's a 66% chance you'll end up within 18 Big Bets of the amount you 'should' win (your expected winrate of 1 or 2BB/100). To get within twice that, 36BB, you have a 95% shot. You're a pretty dead-lock, at 99%, to end up somewhere plus or minus 54BB.


The standard deviation in NLHE is around twice that of LHE, meaning fixed-limit players have a much easier life. What's more, of course, there's no chance of getting stacked in one hand, and tilting off a few buy-ins as a result.


Factor in rakeback to your LHE winrate, and your results can show a pretty consistent upward trend. Rakeback deals are of paramount importance to LHE grinders, since rake works out as about ~3BB/100 on most sites. Find yourself a good deal here and you can add a decent chunk of that back onto your winrate, and only experience large (500BB+) downswings very rarely.


If you like to get stuck-in and play more hands, see more showdowns, make more thin value bets without needing to 'pot-control' and protect your stack... why not give poo-flinging a try today. There are plenty of fish in the fixed-limit seas.





* If you're sufficiently moved by this article to follow in GiantBuddha's footsteps, you can grab free access to hundreds of coaching videos via several great deals right here on Rakeback.com.


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