Poker Tournaments 101Tips and information on playing for poker tournaments:
Poker Tournaments Key Terms:
Sign Up/Entry Fee. The amount of money paid to the house. Relative smaller than the buy-in fee.
Buy-In.The amount of money paid after the entry fee, this usually goes to the prize pool.
Starting Chips.The player receives his chips. Number of chips vary for each tournament, but typically its 1,500.
Starting Chips Bonus. In selected tournaments, players receive bonus chips in addition to their starting chips.
Re-buy. Player has the option to buy additional chips. Again, rules vary for each tournament. Add-on. Option for purchasing chips during the tournament regardless of the remaining chips still in the player's possession.
Prize Pool. The total amount of prize and money, this includes the player buy-ins, add-ons, re-buys, and the additional money contributed by the tournament host.
Round. The specified time for each betting limit. Varies for every tournament.
More Poker Tournaments 101