It’s very unlikely that you haven’t encountered a casino tournament if you play online slots or table games. Online casino tournaments seem to be the newest trend; can make the casino fun more exciting as players will have the chance to win something extra beyond in-game payouts and the tournament prize can be very rewarding if the contest is run by a good online casino.
A casino tournament is a competition in which players are invited to take part by playing certain games, subject to certain requirements (usually a minimum deposit or minimum bet per round). This could be a slot tournament where players will need to play a few spins on one or more slots, or play a table game such as roulette or blackjack. Players usually accumulate points the more they play and a leaderboard appears showing the players who are in the top positions. Then, of course, there will be a certain number of prizes for a certain number of players.
The reason why online casinos hold these tournaments is, of course, to get players to play. When you compete in a casino tournament, you will have something else for the purpose besides the game payouts or jackpot as the casino will be offering its own juicy prizes for the winners. This will of course encourage you to bet more than you normally would. However, while casino tournaments are a money-making strategy at casinos, that doesn’t mean you shouldn’t take part in them. Tournaments can be fun and rewarding and don’t necessarily reward those who spend the most. There are actually different types of online casino tournaments; some of them are suitable for sharks (high rollers), while others offer equal opportunities to all players, regardless of the size of their stakes.
There are two main types of casino tournaments. The first type is the one that rewards players who bet the most, what we like to call high roller tournaments. In this case, you usually collect points for each specific amount you wager on the game or games. For example, the casino may award you one point for every € 10 you have wagered on the Starburst slot. So in this case it doesn’t matter if you win or lose in this slot as your stake will still earn you one point. In that case, you need to be ready to bet quite a lot in order to be high on the leaderboard and qualify for one of the prizes.
The other type of tournament is the one where the winners are determined by the highest equalized payout. In this case, it doesn’t matter how much you bet (as long as you bet the required minimum). What determines whether you win or lose will be the highest winnings gained while playing the slot machine relative to your stake. In other words, if you win with a combination with a high symbol while staking the minimum, you will overtake the other player who staked the maximum but won with the combination with the lower payout level. There will be a certain number of rounds that players must play in order to qualify for this type of slot tournament.