Million lost! Novice abandons tense variety of Texas Hold’em (2,5)

I believe the answer is:

no limit

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'variety of texas hold'em' is the definition.
I know nothing about this answer so I cannot judge whether this works.

'million lost novice abandons tense' is the wordplay.
'lost' suggests deleting specific letters.
'novice' becomes 'l' (abbreviation for Learner e.g. on UK cars).
'abandons' is an anagram indicator (I've seen 'abandoned' mean this).
'tense' becomes 't' (abbreviation used in many dictionaries).
'million' with 'l' taken out is 'milion'.
'milion' is an anagram of 'nolimi'.
'nolimi'+'t'='NO LIMIT'

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I've seen this clue in The Hindu.

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