Tournaments are poker competitions where all of the players play at the same time and continue to play until only one player is left. Tournaments are fun to play in, have a low entry fees and offer a large prize pool to be won. For these reasons they are a very popular. They are inexpensive way for novice poker players to learn how to play the game, as well as a providing a place for more experienced players gain experience.
While there are many different types of poker games played at casinos and online rooms, tournament play is usually reserved for Texas Hold'em, Omaha, and 7-card Stud, because these games have a large following.
Poker tournaments can have as few as 6 players (single table tournaments) to thousands of players for larger events. Large tournaments consist of many tables, each table having 8 to 10 players. The tables are slowly removed from the tourney as players are eliminated, and players are balanced from table to table as needed. (These are known as multi-table tournaments). Finally all but the last table will be removed and these last 8 to 10 players play until only one of them remains.
Tournament Basics
To play in a tournament players have to pay two fees. They have to pay an entry fee to the poker room hosting the tournament to cover the expenses involved. This gives the player an assigned seat and a set quantity of tournament chips with which to play (these chips have no cash value). Players also pay a buy-in fee. The buy-in fee is held and paid out as prizes. The prize payout differs from tournament to tournament but typically it all goes to the few players fortunate enough to make the final table.
The object of a tournament is to win all of the chips. All tournament players start out with the same quantity of chips to play with and all start playing at the same time. Players play until they lose all of their chips and are then removed from the tournament. A tournament continues non-stop, often for several hours, until only one person remains. As playing progresses the stakes rise (Blinds are doubled on a timed interval), making it more and more difficult for players with short stacks to remain in the game.
Players are awarded prize money based on their finishing position in the tournament. The top finishers earn the most money with the 1st place winner usually receiving about 30% of the total prize money, the 2nd place winner about 20% and so on. The number of winners and the size of the payouts depend upon the rules for the tournament being played and the number of people playing.
Re-buys and Add-ons
Some poker tournaments allow players a re-buy option. This re-buy option allows players to purchase more chips if they run out of them at the start of the tournament. A player can purchase the same number of chips that he/she started the tournament with. Some poker tournaments allow unlimited re-buys during the first hour of play, while other tournaments allow only a single re-buy.
An add-on option is similar to the re-buy option. Add-ons differ in that they are usually only offered once at the end of the re-buy period and can be purchased regardless of how many chips you have. As the name implies these chips are added on to your stack of chips.
All proceeds from re-buys and add-ons are added to the prize pool less house fees (if applicable).
Betting
Tournament betting is structured with the betting limit increasing regularly. The changes in betting limits occur differently depending on the tournament; some are timed while some increase the limit after a set number of rounds are played.
Balancing and Collapsing Tables
Larger tournaments start out with more than one table, each having 8 to 10 players. As the tournament progresses players will be eliminated and the number of players at each table will not remain the same. For the tournament to be fair the number of players at each table should be the same, so the organizers move players from table to table in an attempt to keep all the tables equally populated.
Balancing is the practice of moving players from full tables to less full tables when the difference is 3 or more players.
Collapsing tables is the practice of removing tables once there are enough empty spaces among the rest of the tables to do so. Thus with 10 player tables when there are 10 empty spaces the players from one table are moved to empty spaces and that table is taken out of play.
Matthew is a frequent poker player who offers reviews and shares his experiences playing tournaments online at http://www.playrealpokeronline.com
AP - U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall short of what the carmakers want.
AP - A Pakistani militant group apparently used an Indian operative as far back as 2007 to scout targets for the elaborate plot against India's financial capital, authorities said Thursday, a blow to Indian officials who have blamed the deadly attacks entirely on Pakistani extremists.
AP - Suicide bombers killed 17 people including two American soldiers and wounded more than 100 in a string of blasts in two Iraqi cities Thursday as a timetable for withdrawing all U.S. troops won final government approval.
AP - A California couple has been charged with kidnapping and torturing a 17-year-old boy police say they sometimes kept shackled in their home.
AP - Two teenage girls who worked at a nursing home have been charged with abuse, accused of taunting, spitting on and groping residents who suffered from Alzheimer's disease.
AP - Three men, including a small-town police chief, were indicted Thursday on involuntary manslaughter counts in the gun-fair death of an 8-year-old who accidentally shot himself in the head with an Uzi that a prosecutor said he never should have been allowed to handle.
AP - Erik Estrada has returned to Muncie to take part in overnight police patrols in the city where he starred in the short-lived reality series "Armed & Famous." The former star of the 1970s motorcycle cop drama "CHiPs" is a reserve officer on the Muncie Police Department.
AP - Sean Avery surged past camera crews and reporters Thursday, choosing to save his comments this time for NHL commissioner Gary Bettman during a three-hour disciplinary hearing. The Dallas Stars forward was suspended indefinitely on Tuesday just hours after he used a crude expression to describe former girlfriends now dating others while speaking to reporters.
Reuters - The top executives of the major U.S. automakers faced skeptical questioning on Capitol Hill as they pleaded for $34 billion in federal aid and warned of a possible collapse that would jeopardize millions of jobs.
Reuters - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales.
Reuters - The European Central Bank, Britain and Sweden all made big cuts in interest rates on Thursday to shore up economies across Europe in the face of ever-bleaker financial news.
Reuters - U.S. Secretary of State Condoleezza Rice said on Thursday Pakistan had given assurances of its commitment to root out terrorism and round up anyone connected to last week's attack in the Indian city of Mumbai.
Reuters - Iraq's Presidency Council has approved a security pact with the United States that paves the way for a complete U.S. troop pullout by the end of 2011, a spokesman for the council said on Thursday.
Reuters - The United States will quickly feel a change in attitude from Moscow if President-elect Barack Obama transforms Washington's policies toward Russia, Prime Minister Vladimir Putin said on Thursday.
Reuters - Thailand's revered and influential king missed his traditional birthday eve address due to illness on Thursday, a speech many Thais had hoped would provide short-term relief to the country's intractable political crisis.
Reuters - Hate crimes against Arab Americans have decreased steadily since the September 11 attacks but are still more common than they were before the hijackings, a civil rights group said on Thursday.
AFP - Leading European central banks took historic action Thursday to ward off spreading recessions, slashing their key lending rates to boost businesses and consumers.
AFP - Car bombers killed at least 15 people in a former rebel bastion on Thursday as Iraq's security pact with Washington won final approval before its launch at the end of the month.
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