PLH/PLO is a mixed game available at PokerStars. A mixed game means that they take 2 or more regular poker games and mix them up with rotating rounds such as the popular H.O.R.S.E poker mix which is a combination of Hold'em, Omaha, Razz, Stud and Eights or better. In PLH/PLO, they mix Pot Limit Hold'em with Pot Limit Omaha. You will start by playing 9 hands of Pot Limit Hold'em, followed by 9 hands of Pot Limit Omaha. The game will continue on rotating rounds back and forth. PokerStars introduced this and a few other Pot Limit mixed games to get players interested. Although Pot Limit is not one of the higher ranked poker games, it is becoming more and more popular. The problem is, many people sit down at the table thinking that pot limit is just like fixed limit poker. Unfortunately, it's not and for this reason, many players don't give the games a chance.
Just because you know how to play Texas Hold'em or Omaha doesn't mean there aren't some things you should beware of before sitting down at a PLH/PLO table at PokerStars. Unless you are used to playing Pot Limit Hold'em and Pot Limit Omaha, you should always sit down and get a feel for the game at a low stake table before jumping into a PLH/PLO real money game.
The biggest mistake new pot limit players make is not knowing the structure. Unlike fixed limit games where the bet can only be raised a set amount 4 times (including the original bet), in pot limit there is no limit to how many times you can re-raise the pot. The way pot limit works is - Say there is $100 in the pot pre-flop. The flop comes and someone makes a bet of $25 and you want to raise. Instead of only being able to double the bet like in fixed limit poker, you can raise it up to $150. This is because you can raise it as high as the total of the pot and current bets as well as adding in the amount you would put in if you called.
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Before you sit down to a pot limit ring table, make sure you observe the table for a few hands. This will help to show you how the other players at the table are playing, whether there is a shark at the table, or a bully. This can also show you where the weak players are, which could be very beneficial in the long run. Be sure you also take a look at how much money the players at the table are playing with. You want to make sure you are right about average. Although the average chip stack is probably quite a bit below the average, if you buy in for the minimum, you look like a fish or a newbie.
If you find that you don't care for one or the other of the mixed games, you can always sit out. Since there are only 9 hands each round, you will only have 1 small blind and one big blind at a full table per round. Or maybe you are not too good at one of the games, by sitting out during the unfamiliar round except blinds, you are able to practice on a couple hands you are forced to pay for and sit out on the ones you don't. This could save you a lot of hard earned cash in the long run!