# What does \$1000 guarantee mean in poker?

In poker i see tournaments named \$1000 guarantee but the prize isnt 1000 and the total prizes dont add to 1000 so what does it mean.

Relevance

It is a tournament where there will be at least \$1000 in prize money distributed amongst the entrants.

If very few people enter the tournament, there can be a large "overlay", where the casino has to put up its own money to pay out the entrants.

If the buy in is \$50 and the tournament has 10 entrants, then there would normally be \$500 in prize money. This means that the casino is putting an additional \$500 of their own money in the tournament. If there are 30 entrants, then there is already \$1500 in prize money, so the casino doesn't need to put up any additional money.

Poker Stars and Full Tilt have guarantees that can be bigger than \$1,000,000 during their FTOPS and other poker events.

This is a marketing tactic to ensure players that registering for a tournament is worth their while.

On Sunday (Mother's Day) Full Tilt Poker had a \$1.5M Guarantee which had an overlay of more than \$250,000.

• Doug
Lv 5

Usually it means, the minimum total prize pool will be at least \$1000.

So lets say the tournament entry is \$10 + \$1 (the \$1 is going to the house here and \$10 goes to the prize pool).

If 75 people sign up for the tournament, then their entries wouldn't create at least a \$1000 prize pool normally, only \$750 instead. So the house has to make up the difference to make the prize pool \$1000. They collected 75 x \$11 = \$825 total, so the house loses \$175 to enforce the guarantee.

Conversely, if 150 people sign up, the prize pool is 150 x \$10 = \$1500, and the house collects: 150 x \$1 = \$150.

• Cheri
Lv 4
4 years ago

Party Poker.

It means the minimum a person can bet in the pool during the game is \$1,000.Not the prize money itself.Each player must agree to chip in \$1,000 in the middle in order to play the next round of cards should the player choose NOT to fold.Meaning they call the other player's hand.

• Marcus5 years agoReport

Chainsaw Massachris is an idiot....that is all.