Each player receives two hole cards and one up-card, visible to all players. The player showing the lowest up-card (aces are high) must ‘bring it in’ with a forced bet. They may choose to make it a full small bet, or a smaller amount (usually half a bet). Remember that all bets in Stud are in units of a fixed size. Other players may call, fold or raise.
Another up-card is dealt to all remaining players. First to act is the player showing the best hand in their two up-cards, whether that’s a pair or the highest card/kicker combo showing. Another betting round follows, using the small bet units.
Each player still in the hand receives another up-card, and once again the best hand is first to act. From this point until the end of the hand, all bets are in big bet units.
The final up-card is dealt to all remaining players, followed by another betting round.
Any remaining players receive their final card of the hand, face-down, and the final betting round takes place. Once again, the strongest visible hand leads the betting, and all bets are as big units. The strongest hand at showdown wins the pot.