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Blinds is what keep No Limit Texas Hold'em in
check. If you can fold without putting in money, why doesn't a player
just fold all the time until he gets a great hand? This is prevented
by forcing each player to pay a "tax" on the hands he plays. This
tax comes in the form of blind bets also known as blinds
(different from the ante system).
Each hand, one player at the table puts in a big blind (BB),
and the player in front of him puts in a small blind (SB). In
most internet games the small blind is half the size of the big
blind. The blind bet is paid regardless of whether the player likes
his cards or not. The other players must call (or raise) the blind
bet once they've seen their cards or else they must fold. The player in the small blind
must make up the difference between the BB and SB in order to stay
in the hand. So if the big blind was $2 and the small blind was $1,
the player in the small blind would have to pay $1 to stay in the
hand (unless someone raised).
The blinds rotate each hand. The person to the left of the dealer
chip pays
the small blind, and the person to the left of the small blind pays
the big blind. In the preflop betting round, the player to the left
of the big blind is the first to bet, and the big blind is the last
to bet. In all rounds after that, the small blind is the first to
bet, and the dealer is last to bet.
To better understand this, look at the following
picture...
Player #1 has the dealer chip, he is last to act
and it is often considered one of the best positions to be in. The
person to his left has to pay the small blind (SB)
Player #2 is the small blind (SB), he has to pay
half of what the big blind pays. Player 2 also is first to act. SB
will become the dealer next hand (blinds rotate clockwise).
Player #3 is the big blind (BB), he is
already paid for when it comes around to his turn (unless someone
raised). BB will become the SB next hand. Preflop
Player #3 is last to act.
Player #4 does not have to pay anything if he does
not want to play the hand. If he wants to stay, he must match the
BB. Preflop (before the flop comes) Player #4 is first to act.
Next hand, he will become the BB.
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