What is the No-Limit Limit?

There has been a lot of debate and speculation as to the meaning of the wording in the section of Florida Cardroom Bill 752 dealing with No-Limit Texas Hold 'Em.

However, a cardroom operator may conduct games of Texas Hold-em without a betting limit if the required player buy-in is no more than $100.

The word "required" is the point of contention. Many folks, myself included, who were hoping for a good sized buy-in were hoping that "required" meant the maximum that a player would be required to buy-in in order to sit down a the table. If the law were to be interpreted that way a poker room wouldn't be allowed to require a player to buy-in for more than $100 but the absolute maximum buy-in would be set at some amount that might be high enough to allow a 10-20 game or even higher stakes than that.

But I think we were wishing for something that wasn't going to happen here in Florida. At least not yet. Florida is the home of small stakes poker and this bill was written with small stakes in mind. The games get a tiny bit bigger and we now will have a small stakes no-limit game allowed but the Bobby's Room type game won't be here.

One of the staff analysis reports on 752 states

It allows a cardroom operator to conduct games of Texas Hold-em without a betting limit, if the players' buy-in is no more than $100.

You can find the full analysis along with three earlier ones here - scroll about half way down and look for the heading Staff Analysis.

Even more straight forward is the Cardroom Operations Rule Development Notice that states in part

rules to implement play of Texas Hold-em with a buy-in of no more than $100

You can follow along with the Florida Division of Pari-Mutuel Wagering as they make new rules on their rule making development page.

So it looks as the NL games will be a max buy-in of $100 making anything larger than 1-2 highly unlikely.