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Buy-in and Prizes

 

Buy-in & Prizes

The cost to enter a poker tournament can range from zero, to a nominal amount, to amounts as high as $100 or more. True Poker offers both Real money and play money poker tournaments. When you register, the entry cost is deducted from your account. If you un-register before the tournament starts, the cost is refunded.

Entry costs typically involve a Buy-in, which is put towards the prize pool. There is also an entry fee, which is True Poker’s fee for hosting the games. For example, a tournament might involve 30 people, each of whom buys in for $10 plus a $1 entry fee. Each player’s $10 goes towards the prize pool, which in this case would equal $300. The $300 prize would be split, likely between the top 4 players.

Separate from the entry fee or buy-in, each tournament has a “starting chip amount” — the amount of chips you will be given at the start of the tournament. Chips are often set relative to the buy-in, but not always. (For example, a $10 buy-in for a tournament with a $1000 starting chips amount.)

Some poker tournaments (called free roll) will have no cash buy-in or entry fee but may require True Points, but still offer a prize, funded by the house. Other poker tournaments might require you to place in the top 10 of a prior tournament — called a satellite.

And, it goes on and on. There is an endless combination of possibilities — and that’s part of what makes it so much fun!