Texas hold ‘em is often associated with poker tournaments largely because it is played as the main event in many of the famous tournaments, including the World Series of Poker’s Main Event, and is the most common tournament overall. Traditionally, a poker tournament is played with chips that represent a player’s stake in the tournament. Standard play allows all entrants to “buy-in” a fixed amount and all players begin with an equal value of chips. Play proceeds until one player has accumulated all the chips in play. The money pool is redistributed to the players in relation to the place they finished in the tournament. Only a small percentage of the players receive any money, with the majority receiving nothing. “The percentages are not standardized, but common rules of thumb call for one table” (usually nine players) “to get paid for each 100 entrants,” according to poker author Andrew N. S. Glazer, in his book, The Complete Idiot’s Guide to Poker. As a result the strategy in poker tournaments can be very different from a cash game.

Proper strategy in tournaments can vary widely depending on the amount of chips one has, the stage of the tournament, the amount of chips others have, and the playing styles of one’s opponents. Although some authors still recommend a tight playing style, others recommend looser play (playing more hands) in tournaments than one would otherwise play in cash games. In tournaments the blinds and antes increase regularly, and can become much larger near the end of the tournament. This can force players to play hands that they would not normally play when the blinds were small, which can warrant both more loose and more aggressive play.