Limits or limit is a gambling term that has multiple meanings depending on the type of game it is used in.
For example, if it’s used in land-based or online casinos, the term refers to a fixed limit you can bet during each round and also the maximum amount you are allowed to raise. This is especially useful in poker since it prevents high rollers or whales from bullying other players at the table by using their gigantic bankrolls to continuously make other players fold, which ruins the flow of the game. In other cases, it simply refers to the maximum bet you can place in various casino table games.
When it comes to sports betting, the limit refers to the maximum amount you are allowed to bet per game, and it can change depending on the sport you’re betting on or the type of bet you are placing.