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Typically a tournament that has guaranteed prize money states that there is a guaranteed prize pool and often go on to say how much.

For example: Guaranteed prize pool of $250,000.

This means no matter what they take in for buyins, this much will be reserved for the prize money. The rest will go to costs of hosting the tournament be online or in a casino.

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Q: In a poker tournament what is it called when guaranteed prize money?
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