How does a poker tournament get to be so big? Is it because of the number of people who sign up to take part in them? Is it because of the prize that the best players get at the end? Is it solely for the purpose of outwitting other players? Well, the answer to that question is that it’s a combination of all those things.
Poker tournaments with many players and big prize pools are always more popular than those with fewer people and smaller prizes. Since the WSOP became famous in the middle of the 2000s, poker players have been drawn to them.
But there’s one small thing that needs to be added to the equation—the hype. Simply put, some online poker tournaments get more people talking about them than others. So, let’s look at some of the most important ones.
What Are Poker Tournaments?
A poker tournament has a set start time, unlike cash games. Each player buys a ticket for the event and starts playing at the same time with the same number of chips. Players keep going until they lose all their chips and are out of the game. A set number of people (usually about 10% of the total number of people who started playing poker) get paid based on how far down the list they are.
All players who finish below the lowest paid spot leave the tournament with nothing but a story. For example, in a tournament with 100 people, all players who finish 11th through 100th don’t get any prize. Online poker tournament buy-ins can be as low as a penny or as high as $1 million.
If you’re a beginner, you can look up poker rules and poker variants online. This will help you play online poker tournaments.
What Makes These Tournaments Important?
You must be wondering what’s so special about these tournaments. Well, they stand out from the rest because of four main things.
- The number of people taking part: These tournaments have anywhere from a few poker players to a couple of hundreds. Online tournaments don’t have limitations in terms of physical space, so you can expect thousands of participants. The best part about these biggest poker tournaments is how they make people feel. It’s a once-in-a-lifetime experience to be a part of something so grand.
- The venue: All of these tournaments take place in big, well-known casinos. Many people dream of playing poker there.
- Tournament prizes: The prize pool often amounts to millions of dollars. This alone shows that these are not the typical tournaments that happen every year. If you win one of these tournaments, you’ll be the most famous poker player in the world. Also, if you win any of the big online poker tournaments, you’re thought to be the best poker player. In the poker world, this is a big deal. It’s a great way to make a name for yourself.
- Challenge: The biggest tournaments are hard to win because you need a lot of skill and experience. You are competing against thousands of seasoned players, so luck plays a small part. To win the title, you need to be patient, endure long hours of playing the game, and have a solid strategy in place.
Let’s take a look at some of the poker sites.
The World Series of Poker is the biggest and most prestigious series of poker tournaments in the world. It started out in the1970s when the infamous Benny Binion invited seven well-known poker players to his casino to play poker with a set start and stop time.
Since then, the tournament has been held every year in Las Vegas. At the same time, there are many events in the US gambling capital. WSOP also has great online poker games.
The main event, a no-limit Texas Hold’em tournament, is the best part of the whole competition. The winner of this game is, of course, hailed as the best player in the world. Buy-ins for events can be as low as $0 for the Tournament of Champions or as high as $250,000 for a high-roller event.
The most coveted non-monetary prize is the famous tournament bracelet, which goes to the winner. But this tournament isn’t just a place where people play poker; it’s also a place where players from all over the world get together.
Ignition Poker is a US cardroom launched in 2016. It’s part of the PaiWangLuo Network, which is the largest poker site network in the US. Ignition Poker operates in most US states and is primarily geared toward American players. Players can enjoy an omnichannel experience, allowing them to play at 15 tables at the same time and play cash games 24/7.
You pay a fee to play in a tournament and get a set number of chips. Depending on the type of tournament you enter, you can’t play anymore once your chips are gone.
Sit and Go
There are two main types of tournaments. The first type is called “sit and go.” Simply put, they start when enough people show up to play.
Players like these tournaments because there aren’t as many people playing, and they don’t have to wait a long time to play. Also, because there aren’t as many people at the events, they usually don’t take as long to finish. This is great for people who like to play tournament poker but don’t have too much time to spend on it.
Just like with cash games, there are a few ways to choose a sit and go tournament. The buy-in level comes first. Sit and go tournaments at Ignition can be played for anywhere from $1.10 to $215.
After you choose your buy-in, you can decide whether you want to play Texas Hold’em or Omaha. Texas Hold’em is by far the more popular game, so you’ll probably find that 90 % of the sit and gos in the lobby are of this type.
Lastly, you have to choose what kind of sit and go to play. Here are the different things you can do at Ignition.
- Deep Stack: Start with twice as many chips.
- Double Up: If you beat half the other players, your buy-in will be doubled.
- Jackpot: The system gives out a prize chosen at random
- Hyper Turbo: The fastest format where the blind structure increases quickly.
- Triple Up: If you finish in the top third, your buy-in will be tripled.
- Turbo: A tournament with a fast blind structure.
Multi-table online poker tournaments have the same rules as sit and go tournaments: you pay an entry fee and play until you win or lose all your chips.
Events, on the other hand, can have hundreds or even thousands of players. This means that the prizes are big, but it also takes time for the tournament to end.
Ignition is like most other places in that it has a schedule of events that happen every day. You can go to its lobby to see what events are happening on any given day. For this review, we’ll look at the guaranteed tournaments.
A “guaranteed” tournament is the one that has a minimum prize pool no matter how many people participate. This is a risk that the casino takes, but it’s pretty well thought out. If the prize pool isn’t enough to cover the guarantee, the extra money is called an “overlay.”
Overlays are a great way to get people to come to a site because the events have more value for the players. In fact, overlays are now part of the marketing plans for most poker sites that use player forums and social media to let people know about them.
Ignition Poker is proud of the fact it offers weekly tournament guarantees worth $2 million.
The Poker Room
The world of poker rooms is very different from that of casinos. Since poker is a game played between players and not against the house, the main goal of any operator is to get you to play as long as possible so they can get the most money from you.
Therefore, a poker site needs to fill the tables. This is why most poker sites offer such a wide range of games.
Just like many other poker sites, Ignition Poker allows playing on the go via the app available for iOS and Android devices.
Here is how most progressive knockout events work:
- The standard prize pool gets a portion of the buy-in.
- The rest of the buy-in goes toward each player’s first bounty.
- When you knock out a player from the game, you get their displayed bounty amount and the same amount is added to your own growing bounty.
PKO stands for “progressive knockout.” Find them every day, and keep an eye out for the next PKO series.
The World Poker Tour is organized in the same way as the WSOPC. Every tournament has a main event, and it usually costs between $3,500 and $25,000 to participate. It might not be free poker, but it’s well worth the price.
Considering it has been on TV since 2002, it has become a worldwide brand that attracts players from all over the world. There’s something called the WPT Main Tour, and all players who take part in it become members of the WPT Champions Club.
Also, the best players can sometimes win prizes worth more than a million dollars.
This was a list of some of the biggest tournaments in terms of how well-known they are, how much money they give away, and other factors. If you’re interested in any of these, check out their websites to learn more.
Triton Poker is a franchise, like the World Series of Poker, and there are Triton Poker tournaments all over the world. That makes it one of the best poker tournament sites. The events vary in size and how much you have to pay to participate, and some of them are very popular.
Even though it’s not as well-known as the WSOP, it made this list because some of the events have prize pools so big that everyone in the poker world likes to watch them. On the other hand, not many people can take part in them because they are often very expensive (we’re talking six- to seven-figure buy-ins).
Still, it’s always interesting to see poker players risk so much money.
World Championship of Online Poker (WCOOP)
This is one of the largest poker tournaments, and people from all over the world take part. It’s played on the PokerStars website in September.
WCOOP began in 2002. It’s the online version of the World Series of Poker. The WCOOP has many poker games, but Texas Hold’em is the most well-known. There are different buy-in amounts and prize pools for each type.
Games include Limit, Pot-Limit, and No-Limit Texas Hold’em, Seven Card Stud and Seven Card Stud Hi/Lo, Razz, Pot Limit Omaha High and Limit Omaha Hi/Lo, 5 Card Draw, 2-7 Triple Draw, and H.O.R.S.E.
PokerStars held 186 different events during the 2018 WCOOP. There were 2,044 people in the main event of the 2018 WCOOP, and the winner won $1,352,967.97. The Main event had a prize pool of $10,220,000.00. The main event of No-Limit Texas Hold’em Poker cost $5,200 to enter.
This tells us that PokerStars runs one of the biggest online poker tournaments, the WCOOP.
Poker is a competitive game with huge prize pools. It’s a game that combines skill and chance. As such, it attracts around 50 million people every year worldwide. Therefore, it’s not surprising that online poker tournaments have gained popularity and continue to grow. They are fun, convenient, and easy to fit into your schedule. Most importantly, poker tournaments enable players to win real money and make a name for themselves in the poker world. If you’re new to poker, you should check poker tells and signs to find out what to watch out for. Lastly, a card counting skill in Poker can be quite valuable.
Which online poker site is the best?
Finding the best online poker site depends on your preferences, but some of the most popular ones are PokerStars, 888Poker, WPT Global, GGPoker, William Hill, etc.
How do online poker tournaments work?
Poker tournaments are either single-table (sit and go) or multi-table. Usually, 9 to 10 players sit at the table in a sit and go tournament. They pay a fixed amount (buy-in) to enter the tournament and get a specific number of chips in return. The player has to leave the tournaments if they lose all chips. Multi-table tournaments include more people and tables but the rules are the same. Also, prize pools are much bigger.
Are online poker tournaments profitable?
Yes. By participating in big online poker tournaments, you can get your hands on prize pools worth millions of dollars.