Overlay

The gap between a tournament's guaranteed prize pool and what the entries actually generated. The organiser pays the difference, so a big overlay is the best value a tournament player can find.

Related terms

Full glossary

Guarantee

The minimum prize pool an organiser promises for a tournament regardless of how many players enter. If entries…

Add-on

A one-time option at the end of the rebuy period to buy extra chips regardless of your stack size. Almost alwa…

Big blind ante

A tournament format where, instead of every player posting an ante, the player in the big blind posts one larg…

Bounty

A cash prize paid for knocking a specific player out of a tournament. In a knockout event every player carries…

Bracelet

The gold bracelet awarded to the winner of every World Series of Poker event — the most coveted trophy in the …

Bubble

The point in a tournament just before the payouts begin: the next player eliminated leaves with nothing while …

Bubble factor

A number that expresses how much more losing a pot costs you than winning it gains you, in tournament equity t…

Buy-in

What it costs to enter a tournament, or the amount you bring to a cash-game table. Tournament buy-ins are usua…