Online poker tournaments typically work in the following way:
Registration: Players sign up for the tournament on the online poker platform, paying a fee to enter.
Starting chips: Each poker player is given a starting stack of chips.
Blind levels: The tournament is played using blind levels, which means that the chips amount that are required to enter a hand increases at set intervals. This forces players to play more aggressively as the poker tournament progresses.
Eliminations: As players playing poker lose all of their chips, they are then eliminated from the online tournament. The remaining players continue to play until only one player has all of the chips.
Prize distribution: The prize pool is distributed among the top finishers, with the winner receiving the largest share.
Tournament types: There are different types of online poker tournaments, including sit-and-go tournaments, scheduled tournaments, and satellite tournaments.
Rules: Each online poker platform has its own rules and regulations for tournaments, including the number of players allowed, the size of the starting stack, the blind levels, and the payout structure.
Software: The online poker software manages the tournament, keeping track of the blind levels, the chips in play, and the remaining players. Players can use the software to track their progress and the progress of the tournament as a whole.
Overall, online poker tournaments offer players the opportunity to compete against others for a chance to win a significant amount of money. They can be exciting and challenging, and they require both skill and luck to be successful.