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The Main Events are jammed with players and typically offered at three buy-in levels. Satellites to all levels of events also run around the clock.
A series leaderboard with added prizes is also usually offered plus dozens of free tickets and prizes awarded in loyalty rewards. Check our rundown of the best poker tournament series online here:.
Payouts typically go to the top three players, depending on the number of tables. The overall tournament will have a huge field, but you will only play at one table at a time until there is just one person left at each table.
The winner of each table will move on to the next round and the action will repeat until there is a winner. Online poker already moves faster than live poker, but if you really want to crank up the action you might want to try a turbo tournament.
If you only have a limited amount of time than turbo tournaments are a fantastic way to get a ton of action in a short time span.
Online tournaments have huge payouts too. Bounty tournaments are simply MTTs where there is a prize for knocking out a player.
Sometimes there are bounties placed on certain players, like celebrities and poker pros while in other tournaments you get a bounty every time you bust a player.
There's a certain strategy to bounty tournaments and some players love them. Satellite tournaments are just tournaments where the prize you're playing for is the buy-in to another bigger prize pool poker tournament.
In some satellites you're not just qualifying for a poker tournament but an all-expenses paid vacation to an exotic location AND a poker tournament.
These tournaments are incredibly popular because players know they are getting a huge prize pool. Discover More Poker Rooms. Aside from being able to re-buy and cash-out whenever you like, tournament play sees the blinds increase on a predetermined schedule.
This is very different from the static blinds of a cash game which will allow players to dictate their own pace of play. Another major difference between cash games and tournaments are the stack sizes.
The stack sizes in a cash game are typically closer to each other than in a tournament, where some players will have many times that of the average stack while others may just hold a single chip.
A successful tournament player needs to understand how to play with all stack sizes, while a cash-game player can choose to only ever sit behind a stack of a specific amount.
How you play in a tournament will mostly depend on two variables: the stage of the tournament and the size of your stack.
The size of your stack is measured in two ways:. The more chips you have, the more risk you're able to shoulder.
In other words, you can make plays which risk 5, chips if you have 50,, but the same play would be foolish if you only hold 6, The most important thing to understand in a tournament is your chips are your tournament life.
When you run out of chips, your tournament is over; everything you do in a tournament should be based on this one concept. Since everyone gets to play the early stages of almost every tournament, this is the part in which all players have the most experience, feel the most comfortable and have a lot of chips in relation to the blinds.
Everyone's on an equal footing and it's hard to find anyone looking to gamble. People in this stage are rarely looking to get it all in with anything but the nuts.
If you find a player willing to play a large pot, they either have the nuts, they're looking to gamble or they're trying to build a big stack early through sheer aggression.
More often than not, though, they have the goods. The standard approach to playing in this stage is to play very ABC tight-aggressive poker.
It makes no sense to make big moves to steal the blinds, since the blinds are worth relatively nothing compared to the size of your stack.
The idea is to make it through the early stage with average or above chips, giving you room to maneuver as you enter the middle stage.
The middle stage will range from being deep-stacked at the start lots of chips compared to blinds to short-stacked near the end.
However, a series leaderboard or standings system is often used and additional prizes, drawn from the individual tournament buy-ins, are awarded to those who perform best overall in the series.
Major poker tournaments such as the World Poker Tour and World Series of Poker, use standings to determine a player of the year.
The most common playing format for poker tournaments is the "freezeout" format. All players still playing in a tournament constitute a dynamic pool.
Whenever a player loses all his chips and gets eliminated, his table shrinks. To combat the constant shrinking of tables and avoid having tables play with varying numbers of players, players are moved between tables, with unnecessary tables getting closed as the tournament progresses.
In the end, all remaining players are seated on just one table, known as the "final table". Most sit and go tournaments are freezeouts. Rebuy tournaments often allow players to rebuy even if they have not lost all their chips, in which case the rebuy amount is simply added to their stack.
A player is not allowed to rebuy in-game if he has too many chips usually the amount of the starting stack or half of it. Another playing format is the "shootout" tournament.
A shootout tournament divides play in rounds. In a standard shootout tournament, players sit on each table and the table roster remains the same until everyone but one player is eliminated.
The table winners progress to the final table where the tournament winner is determined. In a shootout tournament players are usually awarded places in tiers based on how many rounds they lasted and in which place they were eliminated.
Shootouts can include multiple rounds triple, quadruple or quintuple shootout or feature several players from each table progressing usually up to three.
Shootouts are also a common format for large heads-up multi-table tournaments, although these may feature double or triple elimination instead of the standard single knockout method.
A recent innovation is the "mix-max" or "mixed max" tournament, in which the table sizes vary during the course of the event. A typical example is the mix-max event held at the World Series of Poker , in which the first day of play was nine-handed, the second day six-handed, and the rest of the tournament heads-up.
This effectively made it a hybrid freezeout—shootout tournament, with freezeout play at larger tables and shootout play in the heads-up phase.
The betting structure is one of the most defining elements of the game; even if other aspects are equivalent, a fixed-limit version and its no-limit counterpart are considered to be very different games, because the strategies and play styles are very different.
For instance, it is much easier to bluff in a no-limit game, which allows aggressive betting, than in a fixed-limit game.
No-limit games also vary widely according to the proclivities of the players; an informal, emergent , betting structure is developed by the players' personal strategies and personalities.
The stakes of each round, as well as blinds , bring-ins , and antes as appropriate per game, typically escalate according either to the time elapsed or the number of hands played.
While some tournaments offer a mix of games, like H. Both Omaha and Texas Hold'em tournaments are commonly offered in fixed-limit and pot limit , and no limit Texas hold 'em tournaments are very common no-limit Omaha is almost nonexistent in tournament play.
Informal tournaments can be organized by a group of friends; for example, most colleges feature poker tournaments.
Casinos and online gaming sites often offer daily tournaments. However, these are not the only venues.
Poker cruises offer tournaments at sea. In the s the Super Bowl of Poker was the second largest and most prestigious tournament.
The World Series of Poker was the first held outside of Binion's Horseshoe Casino, though the final few days of the main event were held in the legendary Benny's Bullpen.
Later tournaments have been held at one of the Harrah's Entertainment and later Caesars Entertainment properties; since , the Rio has served as the venue.
The largest and most well-known tournament in Europe is the European Poker Tour , which was founded in by John Duthie and is now the largest poker tour in the world by both total players and prize pool.
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