Playing in Online Poker Tournaments is a great way to earn a seat to the WSOP, WPT win large cash prizes, trips, even cruises, there are poker tournaments held many times a day at all the best online poker rooms.
The following rules apply to online poker tournaments for most online poker sites unless otherwise stated.
- A "Tournament" is a contest in which all players start with an equal amount of chips and continue to play until one player remains and accumulates all the chips, players are required to buy with cash although some online poker sites have real money tournaments for loyalty points accumulated for real money play. (Blinds/antes are raised consistently throughout the tournament.)
- All Poker Tournaments are freeze-outs (no re-buys), you buy your chips at the start of the tournament and cannot purchase anymore.
- One-table Poker Tournaments will begin within seconds after all Players are seated.
- Multiple-table Poker Tournaments will have set starting times (and players must Register at least one-hour in advance to play).
- The Player who draws the high-card will start with the button in Hold'em and Omaha games prior to the start of the Tournament. In case two Players get the same high-card, the suit preference of spades, hearts, diamonds and clubs will determine who starts with the button.
- Poker Tournament will continue until one Player wins all the chips and is declared the winner and receives the prize.
- When a Player loses all his/her chips, they are eliminated from play.
- In "Limit Poker Tournament" (Limit tournament are those which have a prescribed amount of betting at each level.), one bet and three raises are permitted. When only two Players remain, there is no limit on raises.
- Players are obligated to take their "Blinds". (A "blind" is a fixed amount of money, determined by the size of the game, that is put into the pot in Texas Hold'em and Omaha games prior to the dealing of the hand. The purpose of the blinds are to initiate action.)
- It will be possible for a hand to have only one blind - the "Big Blind", with no "Small Blind". The Small Blind is the lesser of the two blinds. The Small Blind is placed into the pot by the player immediately to the left of the dealer button.
- At a Poker Tournament players may inherit the button for more than one hand (the "Dead Button"). This is necessary to ensure all Players take their Blinds.
- When two Players remain, the Player due to assume the Big Blind will do so, and the Small Blind will inherit the button. The Small Blind or button will act first prior to the flop and second after the flop.
- There are no breaks during a Single-table Poker Tournament. In a Multiple-table Poker tournament, a 10 minute break is taken every hour.
- The poker Tournament continues until there is a winner. If a Player needs to be away from the table, he or she should click on the "Autopost and Fold" button located on the left side of the screen as a courtesy to the other Players.
- The prize payoffs will be exactly according to a predetermined Payout Schedule
- Players who do not act on their hand in time ("Time Out") will be Folded.