Poker tournament I
A poker tournament is one where the winner is adjudged from a host of contenders through a game of poker, especially of a particular variant. With increasing popularity of the game of poker among professional gamblers, veteran players and also rookies, introduction of a tournament has taken this game to a very high status of acceptability and recognition. Moreover, the huge amount of money to be won is an added incentive for poker players around the world to throw their hats in the ring for the prize. Started in 1970, World Series of Poker has shown the way to numerous other poker tournaments that are played nowadays all over the world by enthusiastic gamblers.
Anyone who wishes to join a poker tournament has first to enlist his name by paying an amount called buy-in which enables him to get an initial set of poker chips. Some tournaments, however, require the participants to pay an extra amount or a percentage of the buy-in is deducted as tournament running cost. Unlike informal poker games, where cash is often directly used as a gambling stake, in all poker tournaments, games are played only with poker chips and how much poker chips a player is entitled to depend on how much the buy-in amount was paid. According to the rules and regulations of some poker tournament sometimes there is an option called buy-back for players who have either lost their chips in play or are running short of their stock of chips. When a poker tournament allows all players to make use of the buy-back option, it is the add-on facility, something which is not followed by all poker tournaments. In those tournaments which has this buy-back option, any gambler who has already made maximum use of this poker chips stock refilling system or exhausted his initial stock and gone bankrupt after deciding not to exercise the buy-back option, crashes out of the competition.
