Poker tournament rules state that 10% of those who pay the entry fee will finish in the money. If 877 players finish in the money for a recent tournament, how many paid the entry fee? *
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Answer:
Playing tournaments is currently the most common way people now experience poker. I have played in literally hundreds of thousands of them and will tell you exactly how they work.
How do poker tournaments work? Poker tournaments differ from cash games in that each player pays an entry fee then competes to win a portion of the prize pool. During the event, the blind levels increase steadily at regular intervals. A tournament officially ends once one player has all of the chips and is declared the winner.
Now, let’s break down every feature and phase of poker tournaments from beginning to end.
Poker tournament rules state that 10% of those who pay the entry fee will finish in the money. If 877 players finish in the money for a recent tournament, how many paid the entry fee? *In cash games, the chips represent actual money. So each chip won or lost goes into or comes from your actual bankroll. In tournaments, there is a set entry fee that is paid and, no matter what, that is the most money that you can lose during the eventEvery poker tournament has a set entry fee that is the same for all players. The prize pool and the rake (the house fee) are both included in one fee.There are two typical ways that the entry fee of a tournament is structured:
Freezeouts – A freezeout means that each player can only buy in one time. Once a player runs out of poker chips, his or her tournament is over. This is the most common type of tournament.
Rebuys – A rebuy means that there is a specified period of time at the beginning of a tournament when players may buy more chips if their stack falls below a certain level or they bust out. The cost of the rebuy is usually the same as the entry fee, minus the rake.
Reentry Tournaments– A reentry tournament is the same as a rebuy except that a player must be eliminated before buying back in. They also do not get to keep their seat. Instead, it is treated as if it is an initial buy-in and the player is reseated at another table.
In freezeout tournaments, the final prize pool is established once the initial entry period ends. Sometimes entries are closed at the start of the first deal and sometimes there is a specified period of time when players may buy-in to the event.
In Rebuys, the final prize pool is not known until the end of the rebuy and add-on period. The final prize pool will always be much higher than it was at the beginning of a rebuy tournament