Online poker tournaments allow players to compete in events with a fixed buy-in. Each participant starts with an equal number of non-monetary chips, and the tournament continues until a winner is crowned. Unlike cash games, blinds increase progressively, encouraging action and gradually eliminating players.
Prizes go to the top finishers based on the tournament structure. Typically, 10-30% of participants receive a portion of the prize pool, with the largest prizes for top positions.
Satellite tournaments award entry tickets to bigger, prestigious events instead of cash prizes.
Freezeout: When you lose all your chips, you’re out.
Rebuy: Allows players to rebuy chips for a limited time.
Bounty/KO: Rewards for knocking out opponents; in PKOs, part of the eliminated player’s bounty is added to your own.
Shootout: Win at your table to progress to the next round.
Entrance Fees and Late Registration: Part of the buy-in goes toward the prize pool. Some tournaments allow late registration, closing after a set period.
Seat Allocation and Player Movement: Players are seated randomly and may be moved to balance tables.
Multiple Speeds: Tournaments range from slow-paced to “Hyper Turbo” with faster blind increases.
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