Online Poker Tournaments - Introduction to the Glamorous Side of Poker
Sit and Go Tournament
This is a mini tournament. Sit and Go tournaments typically have between 5 and 20, with varying stake levels.
All players must pay the buy in to enter a sit-and-go tournament. This means that for $5 tournament, each player would have to pay $5 plus a small rake to the poker hall. This fee creates the prize pool. For example, if there were five players and they paid $5 each to sit and go, then there would have been $25.
Although payout structures vary, they generally pay the first two or three places. For example, $17.50 for 1st Place and $7.50 respectively for 2nd Place.
Every player will begin the tournament with a stack. These stacks can vary from one player to the next, but they will usually consist of 1000, 1500, and 2000 chips. A player is eliminated from the tournament if they lose all their chips.
The blinds start at a very low level like small blind 15, big blind 30, or similar. Regularly throughout the tournament, the blind levels will increase in stages (25/50/100, 50/100 and 100/200). The intervals for the blind increases will depend on how many hands are played, e.g. Each 15 hands, or an interval of time e.g. Every 5 minutes.
There is also a sit and go known as a "Turbo". This is the same type of sit & go, but the interval between blinds increases is shorter. Therefore, the tournament takes less time.
The tournament continues until only one player wins all of the chips. All other players are eliminated.
Multi-Table Tournaments
You can enter the big multi-table tournaments with as many players as you like. They usually have a number between a few hundred and a few thousand.
Due to the high number of entries, the prize pool will be much higher and will vary from a few thousand to $1million+. The prize pool will likely be much larger, with the average number of entries ranging from 20 to 100.
It is similar to a Sit and Go tournament but a multi-table tourney will take longer. It will typically take between 3 and 6 hours to complete. Most often, there will be a 5 minute break every hour.
You might be moved around during the tournament as players lose their place or you could get new players to join your table. At different stages in the tournament, you'll be competing against different players.
Satellite Tournaments
Satellite tournaments may be played in a sit and play tournament or at multiple tables.
There is one major difference between a satellite tournament and a regular tournament: the prize isn't a cash prize. Instead, it will grant entry to a tournament with a higher stake.
One example is a Satellite tournament that offers a $5 prize and free entry to a multi-table tournament with $100 stakes.
Satellite tournaments are more common for tournaments with high stakes and big prizes. Satellite tournaments offer players the chance to participate in these tournaments at a lower stake.
Satellites can also be purchased for the highly regarded big live poker tournaments like the World Series of Poker or the European Poker Tour. These tournaments offer a chance to win $10k+ seats for as little as a few bucks.
Strategy differences Tournament vs Cash Games
You will need to use a different strategy in tournaments than you did in this course for cash game.
There are so many differences that each course should be taken on its own. how to play multi table tournaments and win big cash prizes
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