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• Elastic behavior of isotropic discrete models with an arbitrary geometry is analyzed. • An analytical estimation of the macroscopic elastic characteristics is derived. • It is shown that the widest limits of the Poisson's ratio are obtained for Voronoi and Power tessellation. • The Poisson's ratio limits cannot be further extended by manipulations with the model geometry. The use of discrete material representation in numerical models is advantageous due to the straightforward way it takes into account material heterogeneity and randomness, and the discrete and orientated nature of cracks. Unfortunately, it also restricts the macroscopic Poisson's ratio and therefore narrows its applicability. The paper studies the Poisson's ratio of a discrete model analytically. It derives theoretical limits for cases where the geometry of the model is completely arbitrary, but isotropic in the statistical sense. It is shown that the widest limits are obtained for models where normal directions of contacts between discrete units are parallel with the vectors connecting these units. Any deviation from parallelism causes the Poisson's ratio limits to shrink. A comparison of the derived equations to the results of the actual numerical model is presented. It shows relatively large deviations from the theory because the fundamental assumptions behind the theoretical derivations are largely violated in systems with complex geometry. The real shrinking of the Poisson's ratio limit is less severe compared to that which is theoretically derived. [ABSTRACT FROM AUTHOR]