Registration fees from tournaments are also a type of rake. In an online Poker tournament, the money goes in to a pool, which the winner collects. Players can watch a game and the ‘characters’ they are playing against, before they pull up their virtual seats and throw in their chips.

Tournaments have registration periods and sponsors often boost prize coffers. Players must continue to play until they have lost all their chips or they have won everybody else’s chips. The major types of tournament are:

• Single-table versus multi-table
• Sit-and-go versus scheduled
• Play money versus freeroll versus real money
• Satellite versus regular
• Freezeout versus Rebuy