Freeze out poker tournaments are the most conventional style of poker tournament and remain the most popular style a straight freeze out tournament is one where you pay you buy in for this example $50 + $5 the $5 is a fee that the online poker rooms charge every player for taking part in the tournament every bodies $50 get put into the prize pool, you start with anywhere between 1000 and 2000 chips normally and a industry standard of between 12-15 minutes is kept for blind level increases once the tournaments starts that is it once you are eliminated you are gone for good the tournament is played until there is only one player remaining with all of the other players chips if it is a small tournament then this player will usually gain the whole prize pool but on larger multi table tournaments there can be hundreds of players who get a slice of the prize pool.

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A lot of poker rooms now like to run guaranteed prize pool tournaments which basically means if say Betfair Poker announced it was going to have a $50,000 guaranteed prize pool tournament that has to be the minimum amount that will be given away this number can increase if entrance money to the tournament is higher that the stated prize pool but this number can never decrease so if the buy in is say $100 and there is only 200 players instead of playing for a prize pool of $20,000 which would be the case in a standard freeze out tournament you would instead be playing for a prize pool of $50,000 meaning that Betfair Poker would have to put in $30,000 of there own money, these tournaments are becoming very popular so check out the big guaranteed prize pool  tournaments from our PayPal Poker rooms