Cash games, also sometimes referred to as ring games or live action games, are poker games played with "real" chips and money at stake, often with no predetermined end time, with players able to enter and leave as they see fit. In contrast, a poker tournament is played with tournament chips worth nothing outside the tournament, with a definite end condition (usually, only one player left, and a specific roster of competitors.
In a standard tournament format all players enter for the same amount of money which also carries a fee which the entity running the tournament keeps. As an example, “Casino Pokerology” might offer a no limit hold’em tournament that has a $50 entry cost plus a $5 fee to play. Once you post the $55, $50 of which goes into the prize pool and the other $5 is the fee to run the tournament, you may get $2,000 in non negotiable tournament chips.
You enter an online poker site and select a one table sit & go (SnG, pay your entry fee, sit down and wait. The tournament starts when the last player who will complete the table sits down. These type of tournaments on the internet have become extremely popular, so much so that sometimes you need to be very “quick to click” in order to get in before the table fills up. One table sit & goes normally pay the top three finishers.
SPINS are three-handed Sit & Go tournaments where a multiplier between 2 and 240,000 randomly determines the size of the prizepool before the first card is dealt, so you could turn a $5 buy-in into a massive top prize of $1M in our SPINS $1M game.
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