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A rebuy is when you play in a tournamentand you've lost all of you chip and you want to buy another entrance so you cankeep on playing. The rebuy policy changes from each and every tournament an youshould find out before you're entering a tournament, if there is an option of arebuy and how many rebuy one player can do, and how many chips you get from arebuy.
In regular tournament, you play until oneperson has all the chips, combining tables as you eliminate players. Firstplace gets a lot of the money, second gets somewhat less, and so on. Anotherpopular form of tournament is called a shootout. Shootouts vary a little bit,but the most common structure is: If there are 81 players, there are ninetables of nine players each. The player who wins each table advances to thefinal table. Then the payouts are based on how long you last at the final table.
The most prestigious tournament in theworld is the world series of poker (WSOP) which takes place annually in LasVegas. The main event of this tournament is the 10,000 dollars buy-in no limitTexas Hold'em tournament. The prize pool of the tournament is according to howmany people has registered in to the tournament. The winner of this tournament wins a goldbracelet fixed with diamond and a nice 10 million dollars payday.