Most people believe that poker tournaments are for most experienced and most aggressive poker players. But this is simply just not true. There are actually many more low-limit tournaments (that attract beginners mostly) than high stakes tournaments.
Low-limit Poker Tournaments usually only attract beginners because betting stakes are restricted to small amounts.
The basic structure of Poker Tournaments
Online poker tournament are events in which players compete to win a part of total prize pool. The general objective of each poker game is to collect all of chips in play. At every table in tournament players compete until there is only one winner or until one of contestants loses all their chips. The remaining contestants then progress through to following round, until there are only a few players left in tournament. These winners then play against each other at winners table to determine tournament champion. Depending on tournament structure, prize pool may be divided among top ranked players, or winner might take it all.
Elimination Tournaments :
Each player is given same amount of chips to begin with and play continues until one player has lost all their chips and is eliminated. Players are then reseated at fewer tables until only one table is left. The payout structure is set up to award all finalists, with first place being awarded more than second and second more than third, etc.