January 2, 2012
Following the same rules as standard tournaments, Cashout Poker Tournaments provide players with the option of cashing out some, or even all, of their chips before the tournament winner is decided.
Cashout poker tournaments differ from standard Holdem Poker tournaments in that each buy-in is pre-divided between the regular tournament prize pool and what is known as the cashout pool. Players sit down knowing that they are not only competing for a share of the tournament prize pool, but also can take up the option of cashing out some or all of their chips before the tournament has ended.
If a player decides they want to cash out their chips, they can do so at the end stage of the tournament and even during a hand. The amount that can be withdrawn is calculated by comparing the size of the buy-in against the size of the players current chip stack.
Many players like to take part in cashout tournaments because it gives them an easy out at any stage of the tournament. If they are not doing so well and they don't feel confident of their future prospects in the tournament, they can simply ask to cash out and the dealer will calculate how many playing chips they have in the stack and how much they started with. The player will then be paid a specified amount from the cashout pool.
Getting a bigger payday
The longer a player stays in the tournament, and the bigger their chip stack grows, the higher their cashout pool will be. Many players choose the cashout option to take out a guaranteed profit from the tournament, or because they have a limited amount of time to play.
Any money left in the cashout pool at the end of the tournament is transferred to the normal pay out pool and is added to the main tournament prize and paid out to all players who are entitled to a cash prize proportionately.
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