Poker Tournaments While there are many different kinds of poker tournaments, they all have a few things in common. Firstly, all poker tournaments take a relatively small rake and have a low buy-in compared to the potential wins. Secondly, poker tournaments require a certain level of commitment that a regular poker game doesn’t require. Thirdly, tournaments require a different strategy. There are a few different kinds of online poker tournaments. One type is a standard tournament. In a standard tournament, you pay your buy-in and you play until you’ve lost your bankroll or all of your opponents have lost theirs. If you’re the winner, you advance to the next stage of the tournament, and so on. If you win the tournament, you win big. On the other hand, since you’re playing against many other players, your chances of winning are small. The risk, however, is also small, since the buy-in is generally low. Another kind of online poker tournament is the satellite tournament. In a satellite tournament, the prize isn’t a cash prize. Instead, the prize is a buy-in to a bigger tournament. For example, some of the recent winners of the WSOP (World Series of Poker) have won their buy-ins at online satellite tournaments. The WSOP is the world’s biggest poker tournament, and the buy-in is high to keep rookies out of the game. As a result, many online poker rooms use their satellite tournaments to send their best player to the WSOP. By giving many players the chance to win a buy-in, they are able to raise enough money for a buy-in for one player. By having an extensive competition, the online poker rooms are able to find the player with the best chance of winning. Poker rooms that have sent champions to the WSOP enjoy great publicity and prestige. Remember that the main difference between a tournament and a regular poker game is the bankroll. You have to play much more tightly with your bankroll to make sure that you can play a maximum number of hands and stay in as long as possible.