The size of the straddle bet is double the big blind, and effectively acts as a voluntary third blind, by which I mean that it sets a new “limp-in”. A straddle is an options strategy in which the investor holds a position in both a call and put with the same strike price and expiration date, paying both premiums. A straddle is an options strategy in which the investor holds a position in both a call and put with the same strike price and expiration date, paying both premiums.
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