For serious players who have perfected their poker basics and are looking to move onto a higher level, there is a key choice to make in competitive games. There are two main formats of competition, simple cash games, and tournaments. The advent of the internet with online gambling and casinos means that tournament play has become more accessible to the ordinary player – in the past, tournaments required a heavy time commitment and possible travel to inconveniently placed locations. Now players can simply log onto their online casino of choice and find a multitude of tables with large numbers of players waiting to get started.
The tournament concept is a little more involved than a standard cash game. In a cash game, players bet against each other and win money from each other, and the game is a one off. In a tournament, the players are going for a fixed cash prize that is only shared out among the winners. The cash prize can be considerable, which makes tournaments attractive. The prize isn’t handed out after only one game, but instead after a series of games. The pool of players is gradually whittled down until only one table is left. These players go on to play the final round for the big cash prize.
So, the advantage of a tournament is the certainty that someone will win a large amount. It brings many players together and increases the sense of purpose to the game. The downside is the investment of time required. Also, players who want to compete will have to provide an entry fee. Think of it as the stake against the big prize, so the risks are greater than a cash game, but the rewards are also correspondingly greater.