If you're playing No Limit Holdem, the raise size must be double the previous bet / raise - or more. Example, if the previous player bet $5, so you must bet $10 or more. The maximum raise is all your chips (all-in)
If you make it four, the next player to act can raise to a minimum of $6... remember you are only raising $2. This can get tricky when a player is all-in. Keep in mind that a player can always push his whole stack into the middle in NL, even if his stack is less than what a min-bet or min-raise would be.
Most cardrooms have a limit on the number of bets and raises allowed. Usually only a bet and three raises (or four raises) are allowed on each round of betting. However, when there are only two players left in the hand some cardrooms allow unlimited bets and raises.
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In a 6-max game, you could open your early position raising range to include 9s, 8s, and AQ. At a 3-handed table, you can even add 7s, 6s, AJ, offsuit, ATo, A9 suited, and A8s to this range. The general rule of thumb is that you need to expand the number of hands you’re willing to raise with on a short-handed table.
The trick to calculating a pot-sized re-raise is as follows. Imagine we first call and see what the total pot size would be. In this case, if we smooth call, there would be $36 in the middle (including the $12 already in the pot). The maximum allowed raise is hence an additional $36 for a total re-raise size of $48.
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