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Tournaments refer to poker games where players play until they run out of chips, with the last person having chips being the winner, the second to last taking second place, and so-on. There is no direct correlation between chip value and money - rather, players are paid based on their finish in the tournament.
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What exactly happens when chip denominations are pulled in a tournament?
Let's say you're in a tournament and they are taking away the small denominations of chips. For example, if the blinds are 10,000 / 20,000 with a 2,000 ante and you still have chips worth 100. … Will the tournament replace those with a single 2000 worth chip, essentially overcompensating you by 100? Or would they completely take away all of your 100 chips and leave you with a loss of 1900? …
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What is a "dead raise"?
I've been watching some episodes of Poker After Dark (the tournament episodes) and heard the dealer say that if the players try to straddle, it will be considered a "dead raise". …