Texas Holdem Online Poker tournaments

Poker tournaments are structured competitions where players compete against each other to accumulate all the chips in play. In "normal" casino games, each hand is unrelated to any other. Players can quit whenever they want. In tournaments, players can not quit and cash out their chips. Play continues until there is a winner.

There are different types of poker tournaments: "Elimination" tournaments are the most common type. In this structure all players begin with the same amount of chips, and play continues until one player has accumulated all the chips. As players are eliminated, the active players are re-seated at fewer and fewer tables. While the winner of the tournament is the player who accumulates all the chips, the payout structure rewards several players. For example, if ninety-five players start a tournament, commonly the "final table" of nine players would receive prize money -- with eighth getting a larger prize than ninth, seventh getting more than eighth, etc.
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