Different types of Multi Table Tournaments
Multi table tournaments are the most popular form of poker. As poker has progressed, the different types of multi table tournaments have increased in popularity. You can now find several different types at almost every poker site. Here is a run down of the different types of tournaments available.
Standard Freezeout TournamentThis is just a regular tournament you will see at every poker site. It is the most popular type of tournament and also the oldest. Every player gets the same amount of chips and once they have lost them all, they are eliminated from the tournament.
Rebuy TournamentIn rebuy tournaments, players have the ability to buy back into the game, normally for the same price of the buy-in, and regain their starting chip stack. The money made from rebuys is contributed to the overall prize pool. Players can only rebuy for the first hour in most tournaments, after which the tournament turns into a freezeout tournament. Add-ons can also be purchased by players in the break. This is again the same price as a buy-in, but there is often more chips available then the starting stack. A player does not have to be out of chips to purchase an add-on, but they do have to be in the tournament at the break in order to buy one.
Bounty TournamentsThis is one of the newer types of tournaments to become popular on the internet. Half of the players buy-in goes into the prize pool whilst the other half goes onto their head, as a bounty. As a player knocks out another player, the money from the bounty is added into their account. This is a more fun orientated tournament as players looking to make serious profit will not normally play a bounty tournament.
Winner Takes AllThis tournament is exactly what it says on the tin, only first place pays and it pays 100% of the prize pool. They are often limited to the amount of entrants that can participate, so they are more like a sit n go rather then a multi table tournament. They are not as profitable as other tournaments so again, you won't find serious players involved in them.
SatellitesSatellite tournaments do not pay out cash, but rather entry into a bigger, more expensive tournament. They are a great way for a player to gain entry into a tournament such as Pokerstars Sunday Million or the World Series of Poker, as may not have the bankroll to directly buy in and can win a ticket for a fraction of the real price.