Limit Continuous Poker: A Variant of Continuous Poker with Limited Bet Sizes (opens in new tab)

We introduce and analyze Limit Continuous Poker, a variant of Von Neumann's Continuous Poker with variable but limited bet sizes. This simplified variant of poker captures aspects of information asymmetry, bluffing, balancing, and the impact of bet size limits while still being simple enough to solve analytically. We derive the Nash equilibrium strategy profile for this game, showing how the bettor's and caller's strategies depend on the bet s...