What is a ‘Tournament Fee’?
A tournament fee is a set sum of money that a player will use as a ‘buy-in‘ to enter a large game, usually poker. Such fees will apply to both land-based casinos and online casino. These fees are often an essential backbone of a tournament.
‘Tournament Fee’ Explained
Once a player has parted with the agreed upon fee, a fee that will be the same for each and every player, they will be allowed to sit in and play the game until they are out of chips or they fold. However, the fee is more than just something that allows them access through the door, it is usually what forms the ‘main pot’. So if it’s a large tournament with a big buy-in, then the chances are that the pot will be a vast sum that every kind of player would desire to win.
Sometimes there may well be a secondary fee. For example, the actual entry fee for a game will be £25, but there’s an additional £5 that needs to be paid. This £5 will go to the house or organiser of the tournament. Larger and well established houses will not have this, as the notoriety of such events will generate plenty of publicity. The increased alcohol and food sales will also be more than enough for them.
Online casinos will also likely just have the singular tournament fee, as there is no need for them to rent a room, buy refreshments and see that all the equipment is present and accounted for and in proper working order. To charge a surplus fee for a virtual game wouldn’t benefit the reputation of a website. Seeing such a fee would likely make potential players look for a more respectable site.
Serving as the financial framework of any big gaming event, tournament fees are usually a good indicator of the quality and scale of the game at hand.