General Rules & Sequence of Action for 5 Card Stud
All players ante
Each player is dealt one card face-down (hole card) and one card face-up
(door card)
First betting round
Each player is dealt one card face-up (3rd street)
Second betting round
Each player is dealt another card face-up (4th street)
Third betting round
Each player is dealt a last card face-up (river)
Final betting round
Showdown
Betting Structure for 5 Card Stud
All players must first ante before they receive their initial cards. In
order to promote a more exciting 5 Card Stud Game at the $1/$2 limit, the
ante is $0.50. There are four betting rounds in a complete game of 5 Card
Stud, not including the ante.
On the first round of betting, the low card by suit is required to
initiate action with a bet equal to half the lower limit (bring-in). Suits
are ranked: spades (highest), hearts, diamonds, clubs. On subsequent
rounds, the high hand on board initiates betting action. If hands are
tied, the player to the left of the dealer acts first. In all cases, the
dealer will inform the players as to who acts first.
Each bet and raise during the first two rounds of betting is set at the
lower limit of the stakes structure. For example in a $4/$8 game, all bets
and raises are $4 for the first two rounds. The exception to this rule is
if any player displays a pair with their 2 face-up cards after the third
street is dealt. In this circumstance, all players have the option to bet
either the lower limit or the higher limit. If a player bets the higher
limit, then all subsequent raises must be made at the higher limit.
Each bet and raise during the last two rounds of betting is set at the
higher limit of the stakes structure. For example in a $4/$8 game, all
bets and raises are $8 for the last two rounds (fourth card and the
river).
The maximum allowable number of bets per player during any particular
betting round is four. This would consist of (1) a bet, (2) a raise, (3) a
re-raise, and (4) a cap. The term cap is used to describe the 3rd raise in
a round since betting is then capped and can not be raised anymore. Once
the pot is capped, players will have only the option of calling or
folding.
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