| There are two types of tournament formats, elimination and non-elimination. In the elimination format ,players compete against each other at each table with the player (or in some cases top two players) with the most money advancing. The other table players are eliminated from the competition (hence the name "elimination format"). In a non-elimination tournament, players compete against all the other tournament players with the goal of trying to win the most money after several rounds. In this format, no players are eliminated. Of the two formats, the elimination tournaments are more popular. Most blackjack tournaments charge an entry fee. Make sure that the sponsoring casino returns all of the player entry fees in prizes. You can determine this by requesting details about the tournament from the casino. You need to know the amount of the prize pool, the number of players the prize pool is based on, and the entry fee. For example, suppose the casino entry fee is $100 and the prize pool based on 200 entrants is 1st - $10,000, 2nd - $5,000, 3rd - $2,000, 4th - $1000, 5th thru 8th - $250 ($1,000), and 9th thru 13th - $100 ($500), and 14th thru 23rd - $50 ($500). To calculate the return percentage, add the total of all the prizes ($20,000) and compare this total with the total amount of entry fees (200 entrants times $100 = $20,000). If the total of all the prizes to be given away equals the amount of the entrant fees, then the return to players is 100%. Some tournaments return less than 100%, but they may include free rooms for tournament players, free meals, and even a tournament gift. You may have to factor the worth of these freebies in computing the overall return percentage. If you have difficulty determining the return percentage, don't be afraid to call the marketing department of the host casino and ask them for the details. There are plenty of 100% return tournaments so don't settle for less. In some tournaments, you must put up your own cash as bankroll. Others use special tournament chips (they cost you nothing). Usually, but not always, the tournaments that offer very large cash prizes require players to bankroll each round. There are several different approaches to playing in the popular elimination tournaments. Some players like to bet big from the start in an effort to accumulate an early lead in the round. Others tend to bet conservatively and wait to make their move with bigger bets if it's necessary. My advice is to use the latter approach. |
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