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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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Chances of winning tournament vs Entries?

The only thing this thinking would or should actually affect is how you play your hands in different stages of the tournament. … But based on pure math, obviously, your chances are ‘1 in however many total players there are in the tournament’. …
GoodWillGustin's user avatar