Originally Posted by akaCLINT
someone explain "straddle" to me please?
A straddle is just an extra blind. In a typical live ring game, UTG can optionally toss in an extra blind that is double the BB. It becomes the new BB and everyone must call/raise that blind to play, and the straddler gets to act last pre-flop. Sometimes you'll have multiple straddles, where UTG+1 doubles the straddle, etc. It builds a big pot and encourages action. I've seen it quite often in live ring games where I've played. Never have played with a Mississippi straddle or this chip thing from any position though.
I never voluntarily put in a straddle -- as others have noted blinds are typically not profitable positions. However some like it because of the extra action and the fact it makes the straddler last to act instead of first to act pre-flop. Some tables I've played at did it almost every hand, and some players did it consistently every time they were in position to do so.