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 $250,000.
This means no matter what they take in for buyins, this much will be reserved for the prize money. The rest will go to costs of hosting the tournament be online or in a casino.
Prize money if you are asking about a tournament, in regular play it is called the pot.
The entrance fee for a poker tournament is most often called the "Buy-In".
A Freeroll Poker Tournament is an online or offline poker tournament where the entry is free. This is often conducted by casinos or online poker sites to encourage the new and amateur poker players.
The amount of players in a poker tournament varies from tournament to tournament. For example the poker games played in Vegas accommodate two to approximately sixteen people.
A level in poker refers to the round in a tournament. Tournaments raise their blinds and antes based on a time period - these are called rounds.
There are many places where one could take part in a blonde poker tournament. The best place to participate in a poker tournament would be online or in a casino.
A cash game, otherwise known as a "ring game" is a form of poker with no fixed start or end time. Cash games are rather permanent tables where players can come as go as they please. These games have a buy-in minimum (and maximum at no limits): the player must bring at least this much money to the table. In cash games (cash poker) you buy in using an amount of money depending on the minimum and maximum buy-in at the table. You get chips equal to your buy in. For instance you buy in for 500$, you get 500$ worth of chips while you can also choose to buy in for more money or less money. The amount of chips on the table equals the amount of money you are playing with. A tournament is a structured competition with a fixed starting point and completion when only one person remains. The tournaments have an entrance fee. Once paid that entitles the person to take part in the tournament. As soon as their chips are depleted they are out of the tournament In tournament poker you "Buy-In" (pay to participate in the tournament) for a set amount of money. In a tournament every player pays the same amount of money to participate. For your buy-in you receive a set amount of chips depending on the tournament. Every player who buys into the tournament gets the same amount of chips.
A freeroll tournament in poker (such as the World Poker Series) means that the players do not have to place a buy-in to be entered into a game yet they still play for cash or prizes.
Jack Effel has: Played Asst. Tournament Director in "World Series of Poker" in 2005. Played Tounament Director in "World Series of Poker 2" in 2006. Played Tournament Director (2006) in "2006 World Series of Poker" in 2006. Played Tounament Director in "World Series of Poker Tournament of Champions" in 2006. Played Tournament Director in "2007 World Series of Poker" in 2007. Played Tournament Director in "2008 World Series of Poker" in 2008. Played Himself - Tournament Director in "2009 World Series of Poker" in 2009. Played himself in "2009 World Series of Poker" in 2009.
There are no re-buys in poker tournaments.
In poker the chips have a value, this value indicates how much that particular chip is worth. There are "Live Casino Chips", which value is a reflection of how much money they are worth. (For instance a $5 chip is worth $5). There are also "Tournament Chips", their value is a reflection of how much a certain "Tournament Chip" is worth. Tournament chips do not have a cash value, their value is only relevant to the tournament that is being played. (For instance a 50,000 points chip is NOT worth $50,000)
"Pacific poker does indeed have a tournament circuit. It only exists on the online tables, and is run throughout the year awarding prizes to the winner."