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How Are Prize Pools Calculated in Online Poker Tournaments?

Posted on December 17, 2020 | Comments Off on How Are Prize Pools Calculated in Online Poker Tournaments?

Online poker tournaments are very popular nowadays, and you can win a lot of money if you’re a good poker player. However, if you’re new to the world of online poker, make sure to understand how some of the basic concepts work. In this article, we’ll talk about online poker tournaments. To be precise, we’ll discuss how prize pools are calculated.

The truth is, these are pretty similar to live poker tournaments, as the structure is identical, so if you already know how it works, this will be a great way to brush your knowledge.

First of all, let’s say that every USA legal poker tournament offers a guaranteed prize. The organized determines that prize based on the expected number of players and the average buy-in prize.

Also, this is the minimum prize pool. It means that no matter how many players apply, the organizers are ready to distribute the guaranteed prize. If few people show up, it’s their loss. That’s why they try hard to market poker events and attract as many people as possible.

However, if more players than expected show up, the prize pool will start to increase. Let’s take a look at the example.

Let’s say that the guaranteed prize is $10,000 and that the buy-in for the tournament is $100. To cover the guaranteed prize, the tournament needs 100 players to sign up. However, if more than that sign up, the prize pool will start to go up. For example, if 105 players make a buy-in, the pool will increase to $10,500.

Every player also needs to pay a small rake, which is taken by tournament organizers as a fee for taking part in the tournament.

Payout Structure

The tournament also has a money list, which is the number of players that will get a share of the prize pool in the end. How long this list will depend on the number of players who apply for the tournament.

The percentage of money that the first-placed player will win from the prize pool also differed depending on entrants. For example, if there are only 28 participants, the winner will take approximately 33% of the prize, but this number decreases as more players join. For tournaments between 350 and 500 entries, winners usually take about 22% to 25%.

The best way to start your online poker journey is by checking out our list of poker sign up bonuses which will give you a small but significant boost at the start.

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