Tournament

Also: MTT, multi-table tournament

A poker event where everyone pays the same buy-in, receives the same starting chips, and plays until one player has them all. Blinds rise on a schedule and prizes are paid from the pooled buy-ins by finishing position.

Related terms

Full glossary

Cash game

Poker played for real chips with real value, where you can join, leave and re-buy whenever you like. The blind…

Buy-in

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

Prize pool

The total money paid out to the finishers of a tournament: the sum of all buy-ins minus the fee, or the guaran…

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 …