A round
plastic marker called the dealer "button" is placed in front of the
player who would be dealing if a house dealer were not provided. The button is
moved one seat clockwise after each game and the card distribution and betting
starts to the left of that position.
The
Blinds:
Instead
of using an ante where everyone puts money into the pot, Texas Holdem uses a
small blind and a big blind where only two players contibute before the deal.
The
Small Blind is the smaller bet (half the big blind) one position left of the
dealer.
The
Big Blind is the bigger bet two positions left of the dealer

Example:
For
this example assume Texas Holdem with a double blind - $2 small blind and a $4
big blind.
The
betting process goes like this:
1.
Before each player is dealt two down cards, the player at the immediate left of
the button, called the "Small Blind" is forced to bet $1 (half the
minimum bet). Then the player to his left and two seats to the left of the
button, called the"Big Blind", is forced to bet $2.
2.
Each player is then dealt a two card hand. Then the player at the left of the
big blind is first to act and he must either call the big blind's $2 bet,
raise, or fold his hand. Continuing in turn clockwise, all the players around
the table either call, raise or fold. When the betting gets back around to the
small blind, he or she can fold and lose only the half minimum bet of $1 placed
earlier, call the amount necessary to get up to the betting level or raise $2
if there is a raise left. The big blind is then the last to act before any
cards are turned up in the middle. The blinds are played in the first round
only
3.
The dealer turns three cards up in the center of the table (The
"Flop"). As always, the player at the left of the button is first to
act. There are no more forced bets and the players can all check around if they
want to. Bets right after the flop are at the $2 minimum bet level.
4.
Now comes the "Turn" card with more betting that now goes to the $4
level
5.
Finally the last, or "River" card is turned up. The last $4 betting
round takes place. The players still in the contest reveal their hole cards and
the highest hand wins the pot.