When we talk of casino tournaments, mostly you’ll remember the World Series of Poker. But what about the tournaments held in an online casino? Once you’ve entered an online casino room, its a duty for you to know what are the available casino tournaments so to help you choose of what would you join. It is important to understand this variety to help casino players pick out right.
Types of online casino tournaments may be sorted out in two: (1) to those tournaments that award prizes based on how much a player wins and (2) those tournaments that award prizes based on how much a player wagers. The second type may not really be classified as a tournament because winning in this kind doesn’t really test the skills of players but on the amount of bet. This kind is a promotional stake by casino sites that isn’t listed as a strict casino tournament. They encourage players to wager more and reward those players who wager the most. In these tournaments players are betting with their own funds and obviously get to keep any amounts they win while playing.
If you decide to play a real online tournament, you’ll be given the same amount of starting money among all players. Same game will be played and the same amount of time will be allocated for the game. Players will go head to head exhibiting their game skills and bankroll management as well. Whoever is left with the highest balances at the end of the game will win and receives the prize. Player’s balances are not redeemable when the game ends.
Another manner in which you can classify an online casino tournament is by the prize pool offered to the players. In some instances, a guaranteed amount of money is distributed among the winners according to the agreed conditions before the tourney begin. The amount will not be dependent on how many players will participate in the event. Less tournament participants will give players greater chance of winnings. If there are more players then the chances of winning decrease. This kind is classified as the guaranteed prize pool tournaments. It is expected that online casinos who held this kind of tournament will be charging players an entry fee. Those tournaments that do not charge entry fee are known as freeroll tournaments.
Pot prize pool is another kind of online casino tournament. The entry fee made by the participants is collected and this is what distributed among the winners in a pre-decided proportion as the prize. Prizes depends on how many participants will be in the tournament, so big number of players will also mean a bigger prize pool. In a guaranteed prize pool event, if the entry fees collected is bigger than the prize pool then the casino keeps the difference and if the entry fees collected is less than the prize pool then the casino makes good difference. It is common that in a pot prize pool the casino distributes the entire amount collected as entry fees. However in some cases it may continue a portion of the pot prize pool in order to cover the costs made.
There are some tournaments wherein pot prize pool and a guaranteed prize pool is combined. Unluckily, this is mostly seen in poker tournaments than in online casino tournaments. In this type of online tourney the prize pool is guaranteed by the online casino. But f the online casino collects more entry fees than expected, the excess amount is also given among the winners as added prize.
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