The latest edition of “Poker Patter”, our guide to the ludicrous yet lavish language of the poker table, takes a look at the different types of tournament format on offer. So if you’ve ever been confused by a “cashout” or baffled by a “bounty”, read on.
Freezeout: A standard, knockout poker competition. Players receive a fixed amount of chips and once they have lost them, they are eliminated. There is no opportunity to buy more and there are no gimmicks, bells and whistles.
Rebuy: Rebuy tournaments have a designated period, usually an hour or two at the beginning of the event, where a player can pay more money into the prizepool to purchase a new chip stack should they lose their allocation. There may be variations of the rule; some tournaments allow players to “rebuy” even though they still have almost all of their starting stack.
Double Chance: Similar to a rebuy, but where only one lot of extra chips is available and it doesn’t cost anything extra to the player. The “add-on” must be claimed within a certain period, usually the first hour or so.
Cashout: A freezeout tournament where the prizepool is divided in half. Half of the money is reserved for a normal payout structure, while the other half is kept back so that any player who wishes to withdraw (or “cash out”) from the tournament can do so, at any time. Once down to the final table, the remainder of the “cashout” pool is dispersed to the players in relation to their chip stacks, before play commences for the normal payouts.
Bounty: A type of tournament where some of the prize money (often additional, bonus money) is awarded to the player knocking out another player, designated at the start of the event as having a “bounty” on their head.
Shootout: This tournament format is round based; you must first beat all (or the majority) of the players on your table to progress to a new table. A “shootout” with 18 players may consist of three, six-handed tables, where the last two remaining on each table progress to a final six-handed table.
Deep Stack: Exactly what it says on the tin. Players start with more chips than usual, often with longer blind levels, to allow for more play. Great for the more experienced players who feel they have an edge over the weaker players.
Turbo: The opposite of a “Deep Stack” event, these tournaments are played with shorter than usual blind levels and with far fewer chips. Ideal for players with little time who just want to blow off steam.
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