Knockout (KO) tournaments can be thought of as multi-table tournaments (MTTs) that feature an additional financial reward, specifically a cash bounty, for each competitor in the field. When a player eliminates someone from the tournament, they receive that player's bounty as a monetary prize!
Participants in a KO tournament are not required to pay any extra fees for their bounties; instead, the cost of the bounty is already included in the initial Buy-in amount.
KO Elimination and Multi-way Pot
A KO elimination occurs when one player knocks another out by winning a hand while having more chips than their opponent, who is all-in at that moment.
In situations where several players are part of the pot during the elimination of another competitor, the player who possesses the winning hand will receive the bounty from the eliminated player only if they had enough chips to cover the losing player. If not, the bounty will go to the winner of the side pot. In case two or more players share the same winning hand in a multi-way pot involving an elimination, where they all had the losing player covered, the bounty will be split evenly among them.
KO Winnings and Tournament Prizes
The bounty winnings from KO eliminations will be awarded to the player only after the tournament concludes. The ultimate tournament winner will receive their own bounty, in addition to any other bounties they have collected during the event. Regular tournament payouts are determined by the previously defined prize pool structure and are separate from the KO bounties.
Progressive Knockout tournaments
Progressive knockout tournaments offer a thrilling twist on standard knockout tournaments. Unlike traditional knockout formats where the bounty amount remains constant throughout, in progressive knockout tournaments, a player's bounty grows as they advance in the competition. Every time a player eliminates someone, they gain a portion (typically 50%) of that eliminated player’s bounty, which adds to their winnings, while the other half is added to their own bounty, thereby increasing it.
To illustrate, suppose there is a progressive knockout tournament with an $11 buy-in; the distribution of the funds could look like this: $5 would go to the overall prize pool, $5 would be assigned as knockout bounties, and $1 would be the tournament entry fee.
- At the outset of the tournament, every player's bounty is set at an equal value of $5.
- When player A successfully knocks out player B, player A will receive half of player B's bounty ($2.5) credited to their account, while the remaining half ($2.5) is added to player A's bounty.
- Following this knockout, player A’s total bounty now stands at $7.5.
Please note that progressive knockout tournaments are not accessible on iPhone 5 devices.
Click here This refers to the regulations governing multi-table poker tournaments.