FREEZEOUT TOURNAMENT: It is probably the most common type of Poker tournament wherein the player is not allowed to rebuy or add-on more chips when he/she runs out of it. All the players are given some specific number of chips and once a player runs out of his/her chips, he/she is eliminated from the tournament.
The tournament gets over when all the players except one are eliminated from the table and this remaining player has all the chips. Another important aspect of ‘ Freezeout Tournaments’ is, the tables are merged as the players are knocked out.
In simple terms, a ‘ Freezeout Tournament’ is basically an online Poker tournament in which no rebuys and no add-ons are allowed.
REBUY TOURNAMENT: Different than freezeout tournaments, a ‘Rebuy Tournament’ is one wherein a player is allowed to buy more chips when he/she runs out of chips during the tournament. However, there is generally a specific time is allotted for rebuying more chips. Some facts about rebuy tournament are explained herein:
SATELLITES TOURNAMENTS: Satellite tournament is basically a less expensive way to enter in a large buy-in Poker tournament. Generally, it is a modest way to give the entry tickets to all those players who have skills, but cannot afford to pay big buy-ins of large online Poker tournaments. For example, adda52.com may organize a Satellite tournament that gives a ticket to enter in a big tournament like Asian Poker Series that may have entry fees INR5000 to all its players. The Satellite tournaments mostly have very nominal buy-in such as INR100 so that it can easily be approached by players of all categories.
BOUNTY TOURNAMENT: Bounty tournaments are sometimes known as knock-out Poker tournaments because it rewards a player for knocking-out some pre-determined player or players. Generally, there is a special cash prize for the player for eliminating this specific or bounty player. It is not compulsory to cash in the tournament to be rewarded and the amount of the bounty will be announced prior to the tournament in the tournament lobby itself. However, these tournaments are generally rare online tournaments.