What does it mean to straddle in poker? When allowed, a player can post a voluntary blind and change the action on the table. See how it. What's a straddle in poker? Robert Woolley explains the " straddle " bet, that an optional blind raise in live casino poker that can be confusing to. A straddle is an options strategy in which the investor holds a position in both a call and put with the same strike price and expiration date, paying both premiums Short Straddle · Iron Butterfly · Covered Straddle.