A GUIDE TO LEARNING POKER

Types of poker tournaments

From MTTs and PKOs to satellites, turbos and special formats, see how each feature affects play.

HOW TO READ AN EVENT NAME

One tournament can combine several “types.”

MTT describes a competition played across multiple tables. The other labels tell you about rewards, speed, entries and seats.

This is a sample name. These features can appear together.

Start with the most common formats

This guide starts with names you will often see in poker lobbies. One label describes how the event is played, another the rewards, and another the speed. A single event can be an “MTT PKO Turbo Re-entry 6-max.”

If you are still learning the actions and betting rounds, you can start at the free poker table. It uses fixed blinds to help you learn Texas Hold’em without simulating specific tournament structures.

The five dimensions of a tournament

  • Competition: multi-table play, single-table play, duels or qualifying rounds.
  • Reward: finishing position, knockouts, tickets or a combination.
  • Speed: blind level duration, blind increases and starting depth.
  • Entries: one entry, re-entries or extra chip purchases where allowed.
  • Structure: seats, stages, days, entry caps and special rules.

“No Limit” describes the betting limits. “Texas Hold’em” names the variant. Neither label by itself tells you how many players get paid.

Payouts, bounties and ICM

In a traditional MTT, more chips improve your chances of advancing, but payouts do not convert at a fixed rate per chip. ICM estimates shares of the prize pool based on stacks and the payout table.

Your approach to risk can change on the bubble, near pay jumps and at the final table. Bounties add value to knockouts. In equal-prize satellites, extra chips may add little when they do not improve your chance of qualifying. Blanket advice to “be aggressive” or “just survive” cannot cover every situation.

PKO: example bounty split

If a 100-unit bounty is split 50/50, eliminating that player can pay you 50 now and add 50 to your own bounty. The added amount is not an immediate payout. Check the event’s actual rule.

In a Mystery Bounty, consider the distribution of the envelopes still available. A huge top prize does not make every knockout worth that amount.

Speed takes more than a label

Look at the starting stack in BB, level duration, blind increases, antes and expected depth in the current phase. A nominal deep stack with lots of chips can still be shallow if the starting big blind is large.

Turbo and hyper formats usually give you less time to play deep. Short-stack spots become more frequent, and position, hand selection and payouts still matter. A regular event can also end with a very shallow final table.

Buy-in, fee, entries and guarantee

An entry can be split between prizes by finishing position, bounties and the fee. Under the 20 + 2 convention, one entry costs 22 in total and three cost 66.

Re-entry, rebuy and add-on purchases add to your costs. A guarantee commits the organizer to a total prize pool subject to its terms. It applies to the event as a whole.

Add the prizes and bounties you received and subtract all entry fees and additional purchases. You can finish in the money and still have a net loss after those costs.

What to check before entering an event

  1. Variant and betting structure.
  2. Total buy-in, fees and split between finishing prizes and bounties.
  3. Starting stack, blinds, antes and level duration.
  4. Registration deadline and re-entry limits.
  5. Rebuy and add-on conditions.
  6. Payout tiers or the rules for winning tickets.
  7. When bounties become active.
  8. Break times and the schedule for subsequent days.
  9. Rules for qualification, deals and ties.

The demos on this site are free and use play chips only. The catalog explains event formats and offers no tournament registration.

Frequently asked questions about tournament types

Are PKO and turbo mutually exclusive?

An event can have both features. PKO describes knockout rewards and turbo describes speed.

Is a freezeout always slow?

A freezeout limits each player to one entry. The blind structure determines speed.

Are rebuy and re-entry the same thing?

Re-entry is a new registration after elimination. A rebuy buys chips under its own stack requirements and time window. Check the details for each event.

Does the biggest stack always win more in a satellite?

Many satellites award the same prize to all qualifiers. Others use targets or different payout tables.

Does every tournament end with one player holding all the chips?

That is the traditional model. Satellites, Double or Nothing, Fifty50 and fixed-time events can end differently.

Is there strategy in an automatic all-in shootout?

The automatic phase has no betting decisions. A conventional shootout has normal play at each table.

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