So if 100 players put up pounds 50 each, the pool is pounds 5,000. In fact, the total prize money would normally be substantially higher, say pounds 8,000, thanks to "buy-ins", when players who get knocked out early buy in for another try. If first place pays 50 per cent, the winner would take home pounds 4,000; second place might be 25 per cent, third place 10 per cent, and so on. The attraction is two-fold: the chance of a big prize for a small outlay, and the fun of competing against all-comers - masters and minnows alike.
According to the former world champion Tom McEvoy, writing in Card Player, any event which promises a top prize of 50 times your original buy-in or more is a good tournament. He, of course, makes his living from playing in tournaments across the US and expects to get into the money more often than not. For new players, I would suggest that any tournament where it looks as if most of the entrants are playing for fun is worth taking a shot at. You need a lot of experience to learn how to survive in tournaments - simply because when you have lost all your chips, you are O-U-T. As in most things in life, you have to pay to learn.
Here is a strange incident I saw in a no-limit Hold 'em satellite, when McEvoy misread the hands. He was all-in with (A-K) against another man with (A-Q).
The flop came down:
The hole cards were turned. Each man had an ace to make a house aces on tens, so the dealer split the pot.
A couple of hands later, when it was all over, McEvoy's opponent suddenly yelled: "Hey! I had a house aces and queens in that hand!" McEvoy, to his credit, pushed over all his chips and quit the table.Reuse content