In a no limit every time in enter a hand all of your chips are potentially on the line. You can either accept this and play the hand on its merits or you can easily be bullied by large bets.
Mistakes
Too many novice players assume the other player has a good hand when they bet big and abandon their hand which was actually the winning hand. Poker is a game of odds so try to judge each hand on its merits.
Another common mistake is assuming a player is bluffing because they keep making big bets. If a player keeps making big bets it does not mean they are necessarily bluffing rather than getting good cards. Too many players assume they are bluffing and call when they themselves have very little.
Finally, going all in does not mean everyone else will fold. If you play computer games then maybe they will but in real life i would advise only going all in when you have the best chance of winning. It will not automatically mean everyone else will fold. Especially, for those of you playing in play money tournaments, it is rare than going all in will make the other players fold.
Advantages
No limit betting means once you have become the chip leader you can now boss the game. Big pre-flop bets are a must whenever you have a decent hand because the other players will be forced to fold or put all of their chips on the line. However, it is important to only raise big when you actually have something and not get to complacent. If you lose one big hand you could be back to where you started.
Obviously, if there is no limit then you can potentially win a lot more money on each hand while also potentially lose it all in one hand. It is so important to think logically and not be scared by big bets while at the same time not calling just for the sake of calling.
Overall
I prefer no limit betting because it means the game is on the line every hand, rather it being hours before anyone is close to being eliminated in ordinary limit poker. This is the much more fun version but if you are a novice playing real money games i would suggest trying your hand at limit poker before risking it all.
Be lucky!!
Chris
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