Noam Brown

Well, no limit Texas Hold'em poker is the most popular variant of poker in the world.

So, you know, you go to a casino, you play, sit down at the poker table.

The game that you're playing is no limit Texas Hold'em.

If you watch movies about poker like Casino Royale or Rounders, the game that they're playing is No Limit Texas Hold'em poker.

Now, it's very different from Limit Hold'em in that you can bet any amount of chips that you want.

And so the stakes escalate really quickly.

You start out with like $1 or $2 in the pot.

And then by the end of the hand, you've got like $1,000 in there maybe.

Right.

The no limit aspect is there's no limits to how much you can bet.

In limit hold'em, there's like $2 in the pot.

You can only bet like $2.

But if you got $10,000 in front of you, you're always welcome to put $10,000 into the pot.

I think both variants reward strategy.

But I think what's different about no-limit Hold'em is it's much easier to get jumpy.

You go in there thinking you're going to play for like $100 or something, and suddenly there's like $1,000 in the pot.

A lot of people can't handle that.

When you're playing poker, you always want to choose the action that's going to maximize your expected value.

It's kind of like with investing, right?

If you're ever in a situation where the amount of money that's at stake is going to have a material impact on your life, then you're going to play in a more risk-averse style.