There you have it – an overview of poker tournaments, how they work, and different types of tourneys you can play. From there choosing a competition is rather straightforward. You want to choose a game and variation that you like and/or are good at. You might want to look at the blinds too, to make sure you choose a speed you like and the structure jumps up in blinds at a comfortable pace.
For example, if there’s a $5 bounty on each player’s head, and someone knocked you out, they’d get your $5 chip. When you play online any money you win will be put into your account balance automatically. We think some sites reserve the right to pay the next day on larger tournaments and payouts, but none that do this come to mind. The tournament continues like this until one player remains with all the chips in play. This is important to pay attention to, because in case you don’t always include chips to your collection, eventually the blinds is going to be large enough that you will be blinded out. Yet unlike cash games, competitions have levels. Each degree would have been a predetermined length : it could be 1 minute, five minutes, a couple of minutes, 1 hr, and so on.
Bounty/Knockout – In these tournaments you pay a little extra. That little extra goes to a “bounty” which is paid whenever you or someone else knocks a player out of the tournament.
For example, you could join a new site where they’ll have smaller guaranteed tournaments. You’ll have less players to fight through for the same prize pool. We say this as if you’ll find a major tournament series every Sunday at every poker site online. Right now they have 12 events running every Sunday with buy-ins ranging from $1+re-buys to $11 to $530 – and satellites running to all of them. Guaranteed prize pools for each event vary from $25, 000 to $1, 000, 000. Shootouts – With these each table plays until there’s one player left. For example, in a 5-table shootout, the winner from each table would play a 5-handed final table for the prize.
Yet following the time’s up, whenever the next level begins the blinds will casino online become higher. From there you’ll have a stack of potato chips to play with.
But we don’t think most players need to worry about stuff like that. On top of that, many sites have shut down tourneys when too few players show up instead of honoring the guarantee.