Biggest Poker Tournaments In The World

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  1. Biggest Poker Tournaments In The World Championship
  2. How To Qualify For Big Poker Tournaments
  3. Biggest Poker Tournaments In The World Series 2019
  4. What Are The Biggest Poker Tournaments
2006 World Series of Poker Main Event

A poker tournament is a tournament where players compete by playing poker. It can feature as few as two players playing on a single table (called a 'heads-up' tournament), and as many as tens of thousands of players playing on thousands of tables. The winner of the tournament is usually the person who wins every poker chip in the game and the others are awarded places based on the time of their elimination. To facilitate this, in most tournaments, blinds rise over the duration of the tournament. Unlike in a ring game (or cash game), a player's chips in a tournament cannot be cashed out for money and serve only to determine the player's placing.

Biggest Poker Tournaments In The World Championship

Buy-ins and prizes

To enter a typical tournament, a player pays a fixed buy-in and at the start of play is given a certain quantity of tournament poker chips. Commercial venues may also charge a separate fee, or withhold a small portion of the buy-in, as the cost of running the event. Tournament chips have only notional value; they have no cash value, and only the tournament chips, not cash, may be used during play. Typically, the amount of each entrant's starting tournament chips is an integer multiple of the buy-in. Some tournaments offer the option of a re-buy or buy-back; this gives players the option of purchasing more chips. In some cases, re-buys are conditional (for example, offered only to players low on or out of chips) but in others they are available to all players (called add-ons). When a player has no chips remaining (and has exhausted or declined all re-buy options, if any are available) he or she is eliminated from the tournament.

In most tournaments, the number of players at each table is kept even by moving players, either by switching one player or (as the field shrinks) taking an entire table out of play and distributing its players amongst the remaining tables. A few tournaments, called shoot-outs, do not do this; instead, the last player (sometimes the last two or more players) at a table moves on to a second or third round, akin to a single-elimination tournament found in other games.

The prizes for winning are usually derived from the buy-ins, though outside funds may be entered as well. For example, some invitational tournaments do not have buy-ins and fund their prize pools with sponsorship revenue and/or gate receipts from spectators. (These tournaments are referred to as freerolls.) Play continues, in most tournaments, until all but one player is eliminated, though in some tournament situations, especially informal ones, players have the option of ending by consensus.

Players are ranked in reverse chronological order - the last person in the game earns 1st place, the second-to-last earns 2nd, and so on. This ranking of players by elimination is unique amongst games, and also precludes the possibility of a tie for first place, since one player alone must have all the chips to end the tournament. (Ties are possible for all other places, though they are rare since the sole tiebreaker is the number of chips one has at the start of the hand in which one is eliminated, and hence two people would need to start a hand with exactly the same number of chips and both be eliminated on that same hand in order to tie with each other.)

Sometimes tournaments end by mutual consensus of the remaining players. For example, in a ten-person, $5 game, there may be two players remaining with $29 and $21, respectively, worth of chips. Rather than risk losing their winnings, as one of them would if the game were continued, these two players may be allowed to split the prize proportional to their in-game currency (or however they agree).

Certain tournaments, known as bounty tournaments, place a bounty on some or all of the players. If a player knocks an opponent out, the player earns the opponent’s bounty. Individual bounties or total bounties collected by the end of a tournament may be used to award prizes. Bounties usually work in combination with a regular prize pool, where a small portion of each player’s buy-in goes towards his or her bounty.

Other tournaments allow players to exchange some or all of their chips in the middle of a tournament for prize money, giving the chips cash value. Separate portions of each player’s buy-in go towards a prize pool and a “cash out” pool. The cash out rate is typically fixed, and a time when players may not cash out (such as the final table) is usually established. The remaining cash out pool is either paid out to the remaining field or added to the regular prize pool.

Prizes are awarded to the winning players in one of two ways:

  • Fixed: Each placing corresponds to a certain payoff. For example, a ten-person, $20 buy-in tournament might award $100 to the first-place player, $60 for second-place, $40 for third, and nothing for lower places.
  • Proportional: Payouts are determined according to a percentage-based scale. The percentages are determined based upon the number of participants and will increase payout positions as participation increases. As a rule, roughly one player in ten will 'cash', or make a high enough place to earn money. These scales are very top-heavy, with the top three players usually winning more than the rest of the paid players combined.

Tournaments can be open or invitational. The World Series of Poker, whose Main Event (a $10,000 buy-in no limit Texas Hold 'Em tournament) is considered the most prestigious of all poker tournaments, is open.

Multi-table tournaments involve many players playing simultaneously at dozens or even hundreds of tables. Satellite tournaments to high-profile, expensive poker tournaments are the means of entering a major event without posting a significant sum of cash. These have significantly smaller buy-ins, usually on the order of one-tenth to one-fiftieth the main tournament's buy-in, and can be held at various venues and, more recently, on the Internet. Top players in this event, in lieu of a cash prize, are awarded seats to the main tourney, with the number of places dependent on participation. Chris Moneymaker, who won the 2003 World Series of Poker Main Event, was able to afford his seat by winning an Internet tournament with a $39 buy-in. Greg Raymer, 2004 World Series of Poker champion, acquired his seat via a $165 Internet tournament.

The opposite of a multi-table tournament is a single-table tournament, often abbreviated STT. A number of places (typically, two, six or nine) are allocated at a single table, and as soon as the required number of players has appeared, chips are distributed and the game starts. This method of starting single-table tournaments has caused them to be referred to as sit-and-go (SNG) tournaments, because when the required number of players 'sit,' the tournament 'goes.' Sit-and-go tournaments of more than one table are becoming more common, however, especially in Internet poker. A single-table tournament effectively behaves the same as the final table of a multi-table tournament, except that the players all begin with the same number of chips, and the betting usually starts much lower. Almost invariably, fixed payoffs are used.

A tournament series may consist of either single-table or multi-table tournaments. In a tournament series, multiple tournaments are played in which prizes are awarded. However, a series leaderboard or standings system is often used and additional prizes, drawn from the individual tournament buy-ins, are awarded to those who perform best overall in the series. Major poker tournaments such as the World Poker Tour and World Series of Poker, use standings to determine a player of the year.

Playing format

The most common playing format for poker tournaments is the 'freezeout' format. All players still playing in a tournament constitute a dynamic pool. Whenever a player loses all his chips and gets eliminated, his table shrinks. To combat the constant shrinking of tables and avoid having tables play with varying numbers of players, players are moved between tables, with unnecessary tables getting closed as the tournament progresses. In the end, all remaining players are seated on just one table, known as the 'final table'. Most sit and go tournaments are freezeouts.

Biggest Poker Tournaments In The World

In some tournaments, known as 'rebuy tournaments', players have the ability to re-buy into the game in case they lost all their chips and avoid elimination for a specific period of time (usually ranging from one to two hours). After this so-called 'rebuy period', the play resumes as in a standard freezeout tournament and eliminated players do not have the option of returning to the game any more. Rebuy tournaments often allow players to rebuy even if they have not lost all their chips, in which case the rebuy amount is simply added to their stack. A player is not allowed to rebuy in-game if he has too many chips (usually the amount of the starting stack or half of it). At the end of the rebuy period remaining players are typically given the option to purchase an 'add-on', an additional amount of chips, which is usually similar to the starting stack.

Another playing format is the 'shootout' tournament. A shootout tournament divides play in rounds. In a standard shootout tournament, 2-10 players sit on each table and the table roster remains the same until everyone but one player is eliminated. The table winners progress to the final table where the tournament winner is determined. In a shootout tournament players are usually awarded places in tiers based on how many rounds they lasted and in which place they were eliminated. Shootouts can include multiple rounds (triple, quadruple or quintuple shootout) or feature several players from each table progressing (usually up to three). Shootouts are also a common format for large heads-up multi-table tournaments, although these may feature double or triple elimination instead of the standard single knockout method.

A recent innovation is the 'mix-max' or 'mixed max' tournament, in which the table sizes vary during the course of the event. A typical example is the mix-max event held at the 2012 World Series of Poker, in which the first day of play was nine-handed, the second day six-handed, and the rest of the tournament heads-up. This effectively made it a hybrid freezeout-shootout tournament, with freezeout play at larger tables and shootout play in the heads-up phase.

Betting format

Betting in tournaments can take one of three forms:

  • In a structured (fixed limit) betting system, bets and raises are restricted to specific amounts, though these amounts typically increase throughout the tournament. For example, for a seven-card stud tournament with the stakes at 10/20, raises would be $10 in the first three rounds of betting, and $20 in the latter rounds.
  • Semi-structured betting provides ranges for allowed raises. Usually, in this format, one may not raise less than a previous player has raised. For example, if one player raises $20, it would be illegal for another player to raise an additional $5. Pot limit is a semi-structured format in which raises cannot exceed the current size of the pot. Spread limit is a semi-structured format in which bets (and subsequent raises) must be between a minimum and maximum amount.
  • Unstructured betting, usually called no limit. While blinds, antes, or bring-ins are fixed, players are free to bet as much as they wish, even early in a round of betting. To bet all of one's chips (risking one's tournament life, in the event of losing the hand) is to go all-in. In no-limit tournaments, players will sometimes take this risk even early in the betting; for example, in some no-limit Texas Hold 'Em tournaments, it is not uncommon for players to bet 'all-in' before the flop.

The betting structure is one of the most defining elements of the game; even if other aspects are equivalent, a fixed-limit version and its no-limit counterpart are considered to be very different games, because the strategies and play styles are very different. For instance, it is much easier to bluff in a no-limit game, which allows aggressive betting, than in a fixed-limit game. No-limit games also vary widely according to the proclivities of the players; an informal, emergent, betting structure is developed by the players' personal strategies and personalities.

The stakes of each round, as well as blinds, bring-ins, and antes as appropriate per game, typically escalate according either to the time elapsed or the number of hands played.

Variants of poker

While some tournaments offer a mix of games, like H.O.R.S.E. events which combine Hold'em, Omaha, Razz, Stud and Stud Eight or Better and Dealer's Choice events, at which one may choose from a similar menu of games, most tournaments feature one form of stud or community card poker, such as seven-card stud, seven card high-low stud, Omaha Hold 'em or Texas Hold 'em. Both Omaha and Texas Hold'em tournaments are commonly offered in fixed-limit and pot limit, and no limit Texas hold 'em tournaments are very common (no-limit Omaha is almost nonexistent in tournament play).

Tournament venues

Informal tournaments can be organized by a group of friends; for example, most colleges feature poker tournaments. Casinos and online gaming sites often offer daily tournaments.

However, these are not the only venues. Poker cruises offer tournaments at sea. Most 2005 and 2006 World Series of Poker events took place in the convention center at the Rio Hotel in Las Vegas.

Major tournaments

The two largest and most well-known tournaments in the USA are the World Poker Tour championship event, held in Atlantic City (previously held in Las Vegas until 2014), and the World Series of Poker, held in Las Vegas. The World Series has traditionally been featured on ESPN. In the 1980s the Super Bowl of Poker was the second largest and most prestigious tournament.

The 2005 World Series of Poker was the first held outside of Binion's Horseshoe Casino, though the final few days of the main event were held in the legendary Benny's Bullpen. Later tournaments have been held at one of the Harrah's Entertainment and later Caesars Entertainment properties; since 2005, the Rio has served as the venue.

The largest and most well-known tournament in Europe is the European Poker Tour, which was founded in 2004 by John Duthie and is now the largest poker tour in the world by both total players and prize pool. The World Series of Poker Europe began in 2007 in London, moved in 2011 to Cannes, and moved again in 2013 to the Paris region.

The largest and most well-known tournament in Asia is the Asia Pacific Poker Tour Macau event.

The largest and most well-known tournament in Latin America is the Latin American Poker Tour Argentina event.

The Crown Australian Poker Championship, also known as the Aussie Millions, is the largest tournament in the Pacific region. WSOP owner Caesars Entertainment and Aussie Millions host Crown Melbourne have teamed up to launch the World Series of Poker Asia-Pacific, which will hold its first edition in 2013.

In addition to these events, there are other major tournaments throughout the year. The World Poker Tour is held at different venues worldwide and broadcasts a series of open tournaments throughout the U.S. and Caribbean with buy-ins from $5,000 to $25,000, as well as European events with a €10,000 buy-in. Some of these events are stand alone tournaments like the Caribbean Poker Adventure, but most are held in conjunction with a tournament series being held at the host casino, like the Commerce Casino's LA Poker Classic, the Grand Sierra's World Poker Challenge and the Bicycle Casino's Legends of Poker. A North American Poker Tour was launched in 2010.

Atlantic City hosts The United States Poker Championship at the Trump Taj Mahal casino, which has been broadcast by ESPN in recent years.

The main live poker tournament in Africa is the All Africa Poker Tournament hosted by the Piggs Peak Casino in Piggs Peak, Swaziland.

The National Heads-Up Poker Championship is 64 players compete in heads-up matches single elimination style to determine a winner. It is one of the most prestigious heads up poker tournaments and it is the first tournament produced by a television network.

The internet poker revolution has sparked online poker tournaments and series that have become larger than many live tournaments. The World Championship of Online Poker (WCOOP) and the Full Tilt Online Poker Series (FTOPS) are two of the biggest online poker tournament series, with tournament prizes surpassing the million-dollar mark.

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You don’t have to be a genius to realise that poker tournaments have gained a certain amount of traction in the previous few years, building up to even bigger and better events from various poker brands. Of course, with so many poker tournaments taking place every year, it can be difficult to decide which ones are the best to watch out for and potentially participate in.

That’s why we’re here – to provide details of the very best poker tournaments in 2019. This way, you can seek out the greatest ones.

Biggest Poker Tournaments In The World

Each of the tournaments in this list bring something different to the table, featuring various prize guarantees, buy-ins, locations and, of course, different poker companies behind the events. And with such a mass of tournaments happening in 2019, let’s get right into things and take a look at which ones are certain to be the best this year.

How To Qualify For Big Poker Tournaments

World Series of Poker

Las Vegas makes the perfect location for the WSOP tournament that will occur from Tuesday 28th May through to Tuesday 16th July. Emanating from the Rio All-Suit Hotel & Casino, this will mark the 50th anniversary of the event, clearly marking it out as the longest-running tournament series. Due to this, various special events are scheduled to be taking place throughout the duration of the tournament, including a celebratory gala and an awards evening, too.

While there are still a few things to be announced regarding the WSOP anniversary event, one of the most notable additions to this year’s gathering is the event known as the Big 50. This will be a $500 buy-in event, featuring a grand prize pool of a guaranteed $5 million, with $1 million of that going to the eventual winner.

Other finalised events for this tournament include the $1,500 “Millionaire Maker” offering and the Monster Stack No-Limit Hold’em inclusion.

World Poker Tour: European Championship

In association with PartyPoker Live, this WPT European Championship event will take place in Nottingham, United Kingdom. The event is set to run from March 30 through to April 14, and it will be held at the Dusk Till Dawn Poker & Casino establishment.

An online event is set to kick things off for the tournament, which will then be followed by the WPT 500 featuring a guaranteed prize pool of £1 million, taking place between the 5th and 9th of April. As far as the Main Event of this tournament is concerned, that will have a buy-in of £3,300 and feature a guaranteed prize pool of £3 million.

On the final day of the tournament – Sunday 14th April – a £100,000 Pot Limit Omaha event is set to take place, as well as a £50,000 guaranteed 6 Max Turbo event.

888Poker LIVE Barcelona

The poker tournament calendar wouldn’t feel right if there wasn’t a selection of 888Poker events taking place within such. The city of Barcelona will get to experience the LIVE tour from 888, with proceedings kicking off on Wednesday 22nd May and running on through to Monday 3rd June.

The tournament is set to take place at the Casino de Barcelona, and it will act as a sort of predecessor to the annual WSOP event in Las Vegas.

Last year, the 888Poker site promised a total of $1 million in prize guarantees, and that amount was smashed throughout the course of 20 events taking place. For both the €220 Opening Event and the €2,200 High Roller, prize pools of €100,000 were guaranteed at the tournament. This year, once more, a $1 million overall prize pool is on offer. At the same time, the winner of the Main Event will be provided with a prize package allowing them to enter the aforementioned WSOP Main Event – a reward worth $12,600 altogether!

PartyPoker MILLIONS Europe

A visit to the Czech Republic is what will be necessary for this PartyPoker tournament, which will take place between the 10th and 18th August. Offering a massive €5,000,000 in guaranteed prize funds, this promises to be an epic event.

The MILLIONS Europe will occur inside the Kings Casino, based in the city of Rozvadov. Gaining access to the Main Event will require buy-ins of €10,300, but it promises to attract some of the world’s greatest poker players. To add to the overall excitement, the entirety of the tournament will employ classic freezeout rules. Therefore, re-entries will not be possible. It will just bring five days of competitive poker gameplay between August 14 and 18.

If there was ever a European poker tournament to watch out for, it’s the PartyPoker MILLIONS Europe.

Unibet Open

The Unibet Open tournament has been running since 2007, so it remains as one of the strongest poker tournaments in existence. Featuring stops in London between 23rd and 26th May and Malta from 11th to 15th September, there’s so much to look forward to with this one.

On the London stop of the tour, The Poker Room at The Grosvenor Victoria Casino will provide hosting duties. This marks the eighth time that the Unibet Open has made its way to the capital of the UK. Last year’s event saw Andreas Wiborg, a Norwegian student, claim the victory over 348 other players. He would collect a massive win of £56,807.

It will be during September that the tournament will stop in Malta though, operating out of the Casino Malta, which is based in the InterContinental Hotel in St. Julians. When the event first went to Malta in 2011, the Dutch pro Mateusz Moolhuizen claimed the victory. This marked a path for various other players to follow in his footsteps in proceeding years, including Danish pro Daniel Jacobsen.

PartyPoker MILLIONS North America

The

Biggest Poker Tournaments In The World Series 2019

While it’s true that the European version of this event marks an outstanding occasion in itself, the North American offering of it should also be taken notice of as well. This one will take place at the Playground Poker Club in the city of Montreal, Canada, and it will run from Wednesday 22nd May through to Monday 27th.

What Are The Biggest Poker Tournaments

The event saw Taylor Black triumph last year, claiming a win of $1.4 million in the process. As with the European version, all gameplay will be done with a freezeout format, ensuring that re-entries are not possible. This is what is certain to make it another popular event, as well as the guarantee of a $5 million prize pool.