A hand in poker is a combination of two or more cards. The goal of the game is to build the best hand possible by betting until all other players are eliminated. If you win, you will receive all of the money you bet during the hand, which is called the pot. If the hand is a draw, the pot is split evenly between all players. However, if you fold, you will lose all of the money you’ve bet.

Almost all poker games use poker chips. If there are more than seven players, the dealer must supply poker chips. Each chip has a value. The lowest-value chip is called a “white” chip. A “red” chip is worth five whites, while a “blue” chip has a value of two, four, or five reds. Players “buy in” to the game by buying chips. Most players buy in for the same amount.

Players may also use a set amount of chips. A standard amount of chips can be up to $10. This limit changes depending on whether the player is in a low, mid, or high-low position. However, when the dealer raises or folds, it will usually be doubled, unless he is holding a pair of aces. In a high-limit game, the minimum bet amount is $50. Once the player is down to $50, the pot limit can increase to $1000 or more.

The lowest hand possible in a standard game of poker is seven five-four-three-two. However, in some games, the ace is treated as the lowest card. The highest hand, a pair of aces, has a rank of five. However, in a low-low hand, the lowest pair is a pair of aces. However, it is possible to get a hand that beats a straight flush or a pair of aces.