Freeroll: tournament that is free to enter, some have real money prizes, a good way to learn the game for free.
Satellite: tournament that's offers an entry for a bigger tourney to winner(s) and not money.
Sit & go: a pre set number of players play an mini tournament
Rebuy: this an tournament where you can rebuy for 60-90 minutes when you lose your chips.
Rake: If you play live or online, you have to pay to play, rake is a small percentage of the pot you accumulate or in tournament poker a small percentage of the buy in that goes to the house.
Bubble: the last spot out of the money in tournaments. The only spot everyone tries not to finish on.
You now have learned the basics of poker, the easiest card game to learn but the hardest game to master! We all read about the guys that win millions, but do keep in mind for every winner there are 100 losers! Lets make sure you don't end up being one of the 100! I have set up a few very basic ways of playing winning poker. AllBoutPoker.eu has twisted my arm, kidnapped my family, used dirty tricks to get me to this! Other pros get money I get a T-shirt, guess I need to win a few more tourneys. I am not in poker for the fame, all I want is the money, I have avoided the cameras and publicity actually used most of my bankroll outside poker to buy my own pub company.
Once in a big cash game I took a huge ($6.000+) pot of an very famous player with J5of suit and he commented on this in a very rude way, a verbal exchange that I liked because I was laughing with his play he replied "u wont make a lot of friends round here mate" I calmly informed him that I didn't fly to Amsterdam and sit in the casino 16hrs a day to make friends, I m here to make money, not friends! I also knocked my best friend who travelled to the other side of the world with me to play big tournaments out of an $500 rebuy tourney on the bubble! He put all his chips in with A9 when I had KK on the Big blind, if I fold he makes the money if I call he's in Danger! I called instantly!
If you ever want to get to the top, you have to start somewhere, and there's no place like the bottom! That way, you won't miss any valuable lessons as you move up the ladder toward the major tournaments. Also, you'll likely have more success initially at the lower buy-in tournaments than you'd have if you just jumped right into the bigger tournaments where you will be scared money, or dead money because you will be afraid to lose your money and make bad decisions.
To this day, I still play in those smaller buy-in tournaments for a number of reasons. I like to stay Tuned . I wouldn't want to play in a big event if I was too rusty. Also, I'll play in some small satellites before a major event for a completely different reason. There are always new players at tournaments. Playing with them in these smaller events could help me a great deal if I were to face them in the bigger events. Obviously, if you play in the bigger events, you'll likely learn more, but you may also become discouraged and lose confidence if you don't get the results that you'd hoped to get. Don't take shortcuts - graduate from kindergarten to the first grade, not college! If you do extra homework, you can skip a grade here and there, but don't push too hard. With hard work and study, you'll be in the big tournaments before you know it.