MTTs both online and live are among the most common formats in poker. Multi-table tournaments can be very profitable, but they also come with challenges. Now we will explore BetOnline Poker’s main tournament types you can play and how to learn them and more tips.
Tournament types on BetOnline Poker
Chico Network rooms may not appeal to every MTT fan. Dozens of tournaments are held every day, with buy-ins ranging from $16.50 and a handful of events up to $215. The MTT schedule on weekends includes guarantees as high as $250,000. The average field size is around 200–300 players. Even without high-stakes tournaments, the platform is a great fit for beginners.
You can check the full schedule in the MTT lobby and filter events by buy-in, format, and start time. The most popular BetOnline Poker formats include:
- Freezeout. The classic format where elimination is final. Everyone starts with the same stack.
- PKO (Progressive Knockout). Part of the prize pool goes to knockout bounties. The more players you eliminate, the larger your own “head” becomes.
- Mystery Bounty. Much like PKO, but with bounties awarded at random.
- Rebuys and Add-ons. These allow you to purchase extra chips while taking part in the tournament. The total number of rebuys is limited as per the event.
- Reentry. Allows you to register again after being eliminated up to a certain level.
- Satellites. Tournaments that give out seats for bigger MTTs instead of cash.
- Turbo and Hyper games. Quick blind levels that increase every 3-7 minutes.
- Deepstack tournaments. Tournaments begin with 200-300 big blinds, prolonging the tournament and enhancing the skill edge.
- Freerolls. Free tournaments with no buy-in, where you can compete for real prizes (cash, tickets, bonuses) without risking your bankroll.
Multiple formats can combine such as PKOs with rebuys or reentry. Depending on the type, one approach works best: in satellites, the object is to reach the paid seats; in bounty events, stack sizes and bounties change optimal ranges drastically in relation to freezeouts.
The Chico Network also holds tournament series. In 2024, for example, they hosted the Poker Mystery Series that had $1,000,000 guaranteed over eight days.
Freerolls on BetOnline Poker
Freerolls are free tournaments that aim to attract new players to the room. Although entry is free of charge, prizes are real cash and/or tickets to other MTTs. Freerolls come in two kinds – public freerolls and private freerolls. The latter ones require a password or an invitation to join.
Those who register through GipsyTeam links and instructions receive invitations to exclusive weekly freerolls with a larger prize pool. The best players of the month receive additional rewards. GipsyTeam freerolls are a great way to build your bankroll with no upfront investment.
Platform overview
The BetOnline brand offers an online sportsbook, an online casino, and a poker room. Being in the gaming market for more than 20 years, the company is reliable and robust. BetOnline Poker players are part of the global player pool of one of the world’s largest networks—the Chico Network.
The poker room’s traffic peak usually happens in the late afternoon and overnight UTC time. That’s because most BetOnline Poker players are based in North America. While the busiest hours aren’t always the most convenient for playing from certain countries, the upside is a large number of recreational opponents at the tables.
New players receive a 100% welcome bonus on your first deposit. The maximum bonus is $1,000. It is released in parts and roughly equals a 10% rakeback. There are 30 days to clear it. Check our Promotions section for more info about promos on the BetOnline Poker and other rooms.
Pros of the poker room:
- 10+ cryptocurrency options available for deposits and withdrawals;
- A decent mix of lower to mid-stakes MTTs, cash games up to NL200/PLO200;
- Huge popularity of single-table Sit & Go (STT SnG) tournaments – a format that is hard to find elsewhere;
- Application available for Mac, Android, and PC. iPhone users can play via the mobile website;
- Allows the use of poker assistance software.
Cons:
- No HU cash tables;
- Low rakeback, only 10% if you don’t place casino/sportsbook bets;
- Cashout commission.
How to play tournaments
There isn’t one single winning strategy for every MTT. At the initial level of a tournament, players' actions are completely different than on the final table. Stack size and position directly affect your decisions, which is why you are sometimes able to play a wide range of hands and at other times, folding almost everything is best. Bounties often change the whole game.
If you want to play poker for a living, managing your bankroll is essential. In poker, downswings can last for months and years. Having around 100-200 buy-ins set aside for tournaments and not risking any other capital is important. Always watch for leaderboard promos while grinding, as they can add meaningful value to your results.
Helpful resources on GipsyTeam
If you want to learn to play poker online for real money, or you are simply sharpening your poker skills, GipsyTeam has right the content for you:
- Comprehensive descriptions of different poker variants, from Texas Hold’em to Open Face Chinese.
- Hand rankings and basic strategy guides.
- Reviews of popular rooms such as TigerGaming and Americas Cardroom, including the pros and cons, and sign-up tips;
- A guide to download GGPoker on mobile/PC with step-by-step instructions.
We invite you to read, watch, and play responsibly, GipsyTeam will help you at every flop, turn, and river!