Tournament kinds at Pokerdom
In a multi-table tournament (MTT), players start with an equal, fixed number of chips. Players at numerous tables compete for one another's chips as the blinds and/or antes increase incrementally. When you run out of chips, you are eliminated from the tournament. As players are eliminated, tables are ‘broken’, meaning players are moved to keep tables full, or evenly ‘balanced’. Eventually, the last few surviving players with chips are brought together at the final table, where the winner is the individual who wins all the chips from his or her opponents. Cash prizes are awarded to top finishers on the basis of number of tournament entries.
A satellite is a tournament in which the prize is an entry into a larger tournament. It can be less expensive to enter a satellite than it would be to enter the main tournament directly. Multi-table satellites also are scheduled as regular tournaments, and the sign-up details and play are identical to other multi-table tournaments, with one important difference – the tournament will only play down to the number required to award all of the equal-value seats.
The buy-in for the larger tournament is $200. The buy-in for the satellite is $20. If there are 10 entrants (into the satellite), first place will get a $200 entry to the larger tournament. If there are 20 entrants, then 1st and 2nd places will both receive a $200 entry to the larger tournament. If there is any leftover prize money, it will be distributed to the runners up as per the satellite’s payout structure, which is available through the tournament lobby.
If there is a fee to enter either a tournament or satellite, it will be denoted by stating the buy-in amount and the entry fee. A cost of ‘$30+$3’ indicates that the buy-in is $30, and the entry fee is $3. The $30 goes to the prize pool which the players compete for, while the $3 entry fee is taken as compensation for hosting the tournament. In most tournaments which are named, the buy-in and fee is combined for the sake of brevity in the title.
A poker tournament that is free to enter with free cash prizes to the winner.
Sit & Go
A Sit & Go (S&G or SNG) is a tournament which does not have a pre-assigned start time; it simply begins when all the seats are filled. There are many types of Sit & Go, ranging in size from heads-up to 990 players, in both satellite and cash tournament form. These tournaments can be found by clicking on the ‘Sit & Go’ tab in the main client lobby window.
A rebuy tournament is one in which you have the opportunity to buy more chips during the event. In a standard ‘freezeout’ tournament, when you run out of chips, you're out of the tournament. In a rebuy tournament, you can (with some restrictions) buy more chips.
A turbo event is one in which the blind levels increase much faster than in standard play. The length of each round (before the blinds/antes increase) in a turbo tournament is usually 5 minutes (as opposed to the standard 10 or 15), though there are some turbo events with 6-minute rounds.
Turbo rebuy events usually go on break at 30 minutes, as opposed to 60 minutes in a standard rebuy event.
Knockout Bounty Tournament
In Knockout tournaments, a cash bounty is placed on every entrant in the tournament. Every time you eliminate somebody, you win a cash prize! The winner of a knockout tournament wins their own bounty.
In a knockout tournament, every player pays an extra buy-in, which serves as that player’s bounty. For example, a knockout tournament might have a total buy-in of $20+$5+$2, of which $20 goes into the regular prize pool, $5 is each player’s bounty, and $2 is the tournament fee.
A Timeout Tournament is a special kind of tournament which has a pre-set duration. The time for the event is indicated in the tournament name and in the tournament lobby. At the end of the set amount of playing time, the event will stop and all remaining players will receive a distribution of the prize pool based on their ending chip count.
Stake Limit Tournament
A Stake Limit Tournament is a special kind of tournament which has a pre-set stake limit. Stake limit for the event is indicated in the tournament name and in the tournament lobby. When one of the players reaches stake limit, tournament is stopped. The prize pool will be distributed regarding the ending chip count.
A shootout is a special kind of multi-table tournament. Normally, when you play in a multi-table tournament, players are moved from table to table to balance the number of players at each table. Eventually, the last remaining players end up at the ‘final table.’ In a shootout, no such table balancing is done. You remain at your original table until only one player is left standing. If you win that table, you advance to another table and repeat the process against players who each won their first table.
Another form of a shootout tournament is a Heads-Up tournament, also called a 1-on-1 tournament. This is a tournament where players are matched in pairs, and play a ‘bracket’ tournament until there is only one player left. Just as in other shootout tournaments late registration is not allowed in Heads-Up tournaments. For most heads-up multi-table tournaments, the time limit for unregistration is five minutes (as opposed to two minutes in most other tournaments).