Guaranteed prize pool poker tournaments
With the vast popularity of poker, players are forever looking to winner bigger and bigger amount of money, without taking a big risk. There was a time when the only was to win big was to play in a big limit cash game, risking your entire bankroll how else can you possibly win big while playing online poker? The answer is simple Guaranteed prize pool tournaments.
With online poker traffic rising daily players want to be part of bigger and bigger tournaments this increase in interest in large multi table tournaments has made it pretty much the norm that most poker rooms run a 6 figure guaranteed prize pool tournament at least once a week!
What is a guaranteed tournament?
A guaranteed tournament is one which a poker room has announced a tournament with a set minimum prize pool for example $50,000 if enough players join the tournament this prize pool may increase but regardless of the players who have entered the prize pool has to remain at the stated $50,000 if there is not enough entrants in the tournament the extra money that the poker room places to match the prize pool is called an overlay.
Example of a guaranteed tournament “overlay”
If we take cake poker as an example they run a $100,000 guaranteed prize pool tournament, this particular tournament costs $100 + $12 to enter ( the $12 does not come into the equation as it is a fee and there fore does not contribute to the final prize pool) if 800 players decide they want to enter this tournament 800 x 100 is only $80,000 this means that cake poker would have to put in $20,000 of there own money to bring the total prize pool up to the stated $100,000.
Overlays are an advantage for poker players as this means there is less competition for large amounts of money, therefore increasing your chances of finishing in a money position and hopefully even winning the tournament it self. Check out our multi table tournament strategy articles to better aid your big tournament play.
See the current list of guaranteed prize pool poker tournaments for all of the online poker rooms currently featured at yourpokernow.com
