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Bounty Tournaments

Bounty Tournaments
by K. Swope of

Online poker sites are continuously searching for ways to attract new players and increase the excitement for their existing players. A couple of ways this has been demonstrated is through the addition of events such as "Bounty Tournaments" (aka: Knockout Tournaments). Every site has their own versions of this twist to No Limit Hold’em multi-table games. Some sites that boast a stable of “professional” players will often host a Bounty Tournament which plays out like a typical No Limit Hold’em event, but offers a steep Bounty (reward) on (to beat) the professional players that enter the game.

Most often, however, a Bounty or Knock Out game will run where each player in the event has a price on their head. A portion of each player’s buy-in is set aside before the match begins and this amount is awarded to the player responsible for eliminating an opponent. While these games are an entertaining way to play the ever classic No Limit Hold’em, these tournaments can also prove to be quite profitable.

Tips for Bounty and KO Tournaments

An example of a structured buy-in for a Bounty or KO game would normally look like this:

$13 buy-in
$11 to the prize pool
$1 tourney fee
$1 Bounty

The tournament will play and somewhat feel like your usual NLH game. Some differences you’ll tend see involve anytime a player with a significantly short stack moves all-in, you can expect nearly every player at the table to cold-call the short stack. Players will often do this even with extremely poor starting hands and from any position at the table looking to catch a lucky flop and earn a Bounty for eliminating an opponent. This is not a bad decision and move even gain you a decent size pot to accompany that bounty, but do wise thing by not entering too many hands of this nature.

It will not be possible to profit nearly as much in "bounties" as you would receive by making the final table of any event.

If you have a strong starting hand when a short stack player moves all-in try your best to isolate that player by re-raising or moving all-in yourself. This will secure your hand versus weaker limpers and increases your chances of scoring the bounty.

If considering a limp with a medium or weak hand, wait till you have position at the table for such a move. This will save you chips, if you try a limp from early position you risk the chance there will be players left to act after you that may look to try and isolate the short stack as well.

Keep your goals in perspective. Although it is fun to make money by simply knocking out another player your goals in these types of games should still consist of making a deep run and netting a big score at the final table.

Try and pace yourself when considering points of the match you pick to take shots at player’s bounties.

A good goal to set is looking for the chance to regain some of your tournament buy-in or recovering all of your tournament buy-in if possible. That way you managed to break even or reduce your overall cost of playing while still having the opportunity of taking in a nice return by finishing the tournament in the higher payout bracket(s).

Weekly Tournaments

Online poker tournaments can be life altering events. Each week, many of the biggest card rooms around the net offer up everything from 100K tourneys to million dollar prizes. Sure, many enter and the odds are thin, but SOMEBODY has to win and why can't that somebody be you? Check out Bovada Poker and take your shot at something huge, like winning enough loot to buy a Ferrari or pay your house off!

Tips and Advice

Introduction to Tournament Poker - Loki covers everything from the buy in to prize payouts!

Cash Games vs. Tournaments - Hank Cashman talks about the difference between the two and notes that just because you're good at one doesn't mean that you'll win at the other.