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Tournaments
- Single Table Tournaments
One type of tournament is known as a single-table tournament. These tournaments start and run continuously around the clock and take about 45 minutes to complete. The size of this tournament is always one full, single table (10 players). They immediately begin once ten people sign up for the tournament.
The prize pool of this tournament will always be the buy-in, times 10. If you had to pay $20+2 to enter this tournament, the total prize pool would always be $200. First place does not get all of the money in most single-table tournaments. The prize structure is usually set so that first place gets 50% of the buyins, second gets 30%, and third gets 20%. So, if the tournament cost $20+2 to join, first place would get $100, second would get $60, and third would get $40, … fourth through tenth would get nothing.
Any type of poker game can be played as a single-table tournament: no limit hold’em, limit hold’em, limit 7 stud, pot limit Omaha hi-lo, etc. No matter what type of poker game is played, the payouts/prize pool will usually be the same (i.e. prize pool= 10 X buyin with 50% going to winner, 30% to second place, 20% to third).
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