Poker these days is gaining more and more popularity and poker tournaments are in the lead in its statistics. Our review article will focus on which of their formats are most in demand among players.
In fact, there are a lot of options for holding poker tournaments, we cannot tell about each of them in this article. But we have prepared an overview of the most popular formats of modern poker tournaments.
Below we will talk about such types of competitions as Bounty tournaments and Shootouts, Satellites – where instead of money you can win a ticket to a more serious tournament and the original Double or Nothing and, of course, Spin & Go tournaments, where the winner can get an impressive super prize compared to the buy-in.
Let’s start with the Bounty format, it has another specific name – a knockout tournament. The main difference between this particular type of competition is that the players receive “financial incentives” for knocking their rivals out of the game.
The prize fund also exists in this format and it is collected from those very entry fees. The specifics of such tournaments dictate to the participants their own rules of the game – here you can see a loose style of poker much more often – there are often call and all-in solutions. Note that this is quite rare in classic tournaments.
In Shootout tournament there are also cash prizes for knocked out participants, but the difference is that they are knocked out in stages.
A shootout begins with a certain number of participants at the poker tables – this stage ends when only one player remains at each table – the winner. At the next stage, the fight will take place at the tables, between the winners of the first. The final game will be a battle between the best at the final table of the tournament.
Satellite tournaments are a very popular format of poker competitions. Its peculiarity and main difference is that here participants do not receive a cash prize, but the opportunity to win a checkpoint: a ticket to a larger and more significant event.
At the same time, satellite players pay less large entrance fees, the buy-ins here rarely exceed the amount of one hundred dollars. Note that satellite tournaments are held in two versions (according to the number of participants) – in MTT (Multi-Table-Tournament) format with a large number of tables and players and at one table for a small number of players.
Spin & Go tournaments are held at a fairly fast pace. Their main feature is the so-called flexibility of the prize money – the winner can take the classic, for this format, double buy-in or get a very large jackpot, which can be thousands of times more than the entry tournament fee.
There is no ante in this type of competition, and the blinds go up at a very fast pace. The final prize goes to only one participant, except in those very rare cases when a consolation prize appears, according to the terms of the tournament.
DoN – Double or Nothing tournaments are held in the Sit & Go format – at such events players either receive prize money in the amount of a double buy-in or receive nothing. Half of the participants remain in the winners, and the second leaves empty-handed.
This tournament format provides for an unusual distribution of prize money – the half of the participants who have kept their stack (in any amount) gets money equal to two amounts of payment of the entry fee, and those who are kicked out of the game are left with nothing.
Summing up, we once again understand how diverse the world of this popular game is. A variety of poker rooms and event organizers aim to amaze and attract customers by offering a variety of options and formats for poker competitions. Players distinguish some of them, ensuring their popularity, while other events do not remain in the tops, and sometimes completely leave the gaming arena.