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A real or online poker tournament is actually a structured competition. Unlike standard online poker games, the goal in a tournament is not to win money from the bank, but to advance through the different stages of the tournament while accumulating the most chip – The player doesn’t have the option of quitting at any stage and cashing in, but is required to remain in the competition until the winners are decided.
There are different kinds of tournaments that I will not expand on here – but generally speaking, there are tournaments where players are weeded out in the course of the tournaments and are tournaments in which the players have the option of buying chips and reenter the game, but only up to a certain stage. The main advantage of such tournaments is that the winner can multiply his win. There are also private tournaments with a single table and some have multiple tables. Just like there are many different ways to play online poker, there are also many ways to arrange a tournament.
The tournaments that I do want to expand on are satellite tournaments and elite tournaments.
Satellite tournaments are basically a path to a more exclusive tournament that only a winner of a satellite tournament can participate in. An elite tournament is meant for stars, and is characterized by its fast rhythm and its betting amounts that can reach $120,000 per pot.
But before you decide to participate in such a tournament I strongly recommend that you enter Pokerstars – a site specializing in poker tournaments; it offers new tournaments every couple of hours, in dozens of different styles and thousands of different opponents.

Bounty poker tournaments are all the rage right now in both online poker rooms and in major land-based events around the world. What are bounty poker tournaments? How do they work?
Most commonly, a bounty is a feature in some poker tournaments that rewards players for eliminating another key player. It’s generally reserved for bigger name players online, or in smaller charity and home-based events, but it has been seen at events like the WSOP and WPT as a bit of side-action with people being rewarded by a sponsor for eliminating players that are believe to be the among the best. There are also poker tournaments in which players receive an additional bounty for every other player they

eliminate on top of the chips won.
In these bounty tournaments, the buy-in structure of the tournament requires each player to pay an additional amount for their own bounty chip, or token. This bounty chip is carried by the player throughout the tournament. If the player is eliminated, the bounty chip is handed off to the player who eliminated them. The bounty chips are cashed in, usually for the amount each player paid for the bounty chip. The winner can usually cash in their own chip.
Another common variation involves online poker tournaments, where a player becomes more “valuable” as they work their way through the game and you’ll receive an additional bounty amount from their elimination from the tournament.
Bounties can greatly affect how a tournament is played. A player with a smaller stack will declare that they are all-in and other players may find themselves more likely to call that bet because they want that player’s bounty amount. Many pros alter their play greatly when engaging in bounty tournaments, simply because there’s going to be more people willing to go the matt to take them out, either through bluffing or just thinking that their hands are better than the pros.
Many online poker rooms regularly host bounty tournaments to engage their professional teams against their player base. For instance, UltimateBet hosted a massive event in 2009 where players were rewarded with a hefty bonus for beating Phil Hellmuth. “Beat The Brat” saw thousands of players competing for their chance to take on the man who’s won the WSOP more times than anyone else with only a few getting a shot at the man himself. Check to see if your poker room offers them: it’s possible that you can end up winning even more than bragging rights with some good play!