Online poker tournaments are the best way to build a poker bankroll. One deep run in a sizeable tournament and you will get a great return on your original investment.
All poker tournaments, both online and live, work on a last man standing basis. Play in the tournament will continue until there is only one player left, with that player having gathered all the chips in the tournament.
Below is a tournament schedule of upcoming online poker tournaments from Pokerstars, Full Tilt Poker, Carbon Poker, Lock Poker, Players Only & Titan Poker.
Where there is a stated prize pool this indicates a multi-tabled tournament with a guaranteed prize pool. If no prize pool is stated then the total number of player buy-ins will total the prize pool.
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While most online poker tournaments are the same, there are slight variations from tournament to tournament.
In cash tournaments players buy-in for a nominated amount and play down to the last person. In cash tournaments there will be a payout structure, where the winning player earns the most cash. Minor prizes will be awarded and how many there are will depend on the size of the tournament.
Satellite tournaments are a way to get into a higher buy-in tournament. Most online poker rooms will offer satellite tournaments to their major games. In satellite tournaments the prize pool goes to buying tickets for the next game and these tickets will be distributed among winning players.
Freeroll tournaments are tournaments that are free to enter. Some are just for fun, some will be satellite games to a bigger tournament and some will even be for cash.
A shoot-out tournament works the same as a regular tournament accept there is no changing seats. In a regular tournament players will be moved from a table that has less than 5 players on it. In a shoot-out tournament all tables continue until there is one player left. All table winners are merged onto tables and the process repeats until there is one table, and eventually one winner.
All In or Fold Tournaments
These tournaments are becoming more popular in the cut and thrust world of online poker. As the name suggests you have two moves in these types of tournaments. Go all in, or fold.
Some poker rooms will have bounty tournaments and some will have knockout tournaments but they are essentially the same thing. These tournaments are run like a traditional cash tournament but anyone who eliminates a player receives a cash bonus.
Heads Up Tournaments
All tournaments will get down to a heads up battle at some stage but there are tournaments where players only play heads up in a knock-out format. These tournaments will normally feature 32,64 or 128 players and at the end of each match, one player moves into the next round, while the other is eliminated.