A mandatory bet made by a player before the cards are dealt for a hand. The player may raise when it his turn to act even if no other player has raised this bet.
The last and largest blind bet may or may not be Live. If Live, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him.
A blind bet placed by one or more players before any cards are dealt with the option to raise when the action is back to them.