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Texas Holdem tournament structure
When you play in a Texas Holdem tournament you must know how it works. I’ll present the most popular on-line format of a Texas Holdem tournament, but remember to check the rules before signing in to any tournament. Each player enters with a fixed amount of money - $50 for example, plus an extra fee for the ‘house’, let’s say $5. The total pay-off is the $50 multiplied by the number of players who joined the tournament. The division of this sum is predetermined - let’s say 50% to the winner, 30% to the player who takes second place, and 20% to third place. Each player gets $1500 in chips and, if there is no rebuy option (the ability to buy more chips once you’re broke), when a player loses all of his chips, he is out of the tournament. The tournament ends when one player has all the chips. The blind stakes start at a small amount compared with the total chips each player has, let’s say $10-20. The stakes rise either after a fixed period of time or after a fixed number of hands have been dealt. The betting structure in tournaments is usually “no limit.” When the tournament has more than one table, as players go broke, the tables are broken up and recombined until one final table remains. You can see that since the rules are not the same, you should make some adjustment to your game strategy (which we’ll deal with in the next movie – tournament adjustments).
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