May 22, 2018 0

Everything You Need To Know About Poker Tournaments

Everything You Need To Know About Poker Tournaments

Tournaments are the ultimate poker thrill. Whether you’re competing for a few thousand or a few hundred thousand, there’s nothing quite like the feeling you get when you outsmart, out bet and outplay everyone else on the table and walk away with that jackpot!

We offer more tournaments and bigger prize pools than any other poker site. If you’ve never played in a poker tournament before, here’s everything you need to know!

First, a quick definition: A tournament is a poker game in which each player starts with an equal amount of chips. All of the players in the tournament continue to play until one player has amassed all of the chips.

Each tournament has a buy-in as well as a fee. The buy-in is put into the prize pool; the fee is kept by casinoslots.co.nz. The size of the prize pool depends on the number of people playing in the tournament and will be paid out in its entirety to the winners.

To start the tournament, each player is dealt a card. The player with the highest card starts the game as the dealer. Each player’s goal is to amass as many chips as possible. Players who lose all of their chips are out of the tournament. As the tournament continues, more and more players are eliminated until only one remains: the tournament winner!

Multi-Table Tournaments

Multi-table poker tournaments are the most popular tournaments in the world today. They challenge your poker skills and give you the chance to win big prizes with small wagers!

Every multi-table tournament on casinoslots.co.nz has a buy-in as well as an entry fee. The buy-in is added to the prize pool, while the entry fee is kept by casinoslots.co.nz. The prize pool is the product of the buy-in and the number of participants in a tournament.

These tournaments feature many players with several tables starting off simultaneously. As players are eliminated from the tournament, tables are combined, reducing the number until there is only one table left.

Shootout Tournaments

More payouts – shorter tournaments – more fun!

Shootout tournaments at casinoslots.co.nz are an exciting variation to our standard multi-table tournament format. A Shootout tournament can be one, two, three or four rounds depending on the number of players that enter.

PartyPoker.com would like to thank Peter Costa for his help in developing the Shootout tournament format.

Rounds 1, 2 and 3

  • Tables will not be collapsed and players only play against the other players at their table
  • Players advance if they are one of the three remaining players at their table
  • Players that advance are paid a portion of the prize pool for that round
  • Players will advance with the chips that they have won

Round 4

  • Round 4 is played out in a standard multi-table tournament format
  • Payouts in Round 4 follow a standard multi-table payoff schedule based on the number of players that enter the round and the remaining prize pool

In a Shootout, the tournament play is faster and more players get paid!

Here’s an example of how a Shootout tournament works:

Number of Entrants: 110

Round 1

This round will begin with 11 tables, 10 players per table. The round will finish when there are three players left at each table. There will be 11 first place finishers, 11 second place finishers and 11 third place finishers – all of whom will be paid and will advance to Round 2.

Round 2

This round begins with four tables, which will consist of three tables with eight players per table and one table with nine players. The round will finish when there are three players left at each table. There will be four first place finishers, four second place finishers and four third place finishers – all of which will get paid and advance to Round 3.

Round 3

This round begins with two tables, six players per table. The round will finish when there are three players left at each table. There will be two first place finishers, two second place finishers and two third place finishers – all of which will get paid and advance to Round 4.

Round 4

This round begins with one table seating six players. The round and tournament will finish when only one player with chips remains. Round 4 payouts are based on a standard multi-table format (if less than 10 players begin Round 4 then the payouts will be 50% to first, 30% to second place and 20% to third place). In this example the first, second and third place finishers from Round 4 will be paid.

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