Playing Slot Tournaments
Not all tournaments are created equal. You will have to give them a close look to determine if a tournament is a good deal for you. There are three basic types of tournaments.
Free and Invitational Tournaments.
Tournaments returning all entry fees.
Tournaments that profit the casino.
Invitational tournaments are usually held as a reward or comp for loyal players or high rollers. These are by invitation only and not open to the general public however some casinos offer free tournaments that are open to the general public.
They hold weekly or sometimes daily tournaments as a way to attract players into the casino. If you have never played in a slot tournament before these free tournaments are an excellent way to find out if tournament play interests you. Obviously they are a great value. Whenever you can spend time in a casino playing slots for free with the chance of taking home a prize, it has to be a positive expectation experience. If you don't win you have still had the opportunity to enjoy yourself for a few hour without risking any of your own money. Other tournaments require the participants to pay an entry fee.
The best paid tournaments to enter are the ones that give back all the entry fees in the form of prizes. Many casinos will hold tournaments to generate additional business. They figure that while you are there waiting to play you will probably doing a little playing on the side. Casinos post the tournament rules and will list the prize structure with them. You can take a look at the prize structure of a tournament and determine how much is being returned to the players.
If the entry fee $100 per player and the prizes are based on a total of 200 players you can expect the prizes to total $20,000 if all the money is returned. If all the money is not returned you will want to evaluate what additional benefits you are getting in return for your money.
Some casinos offer a tournament package that will include additional incentives, freebies and discounts. These can include:
Discount or free hotel rooms.
Welcome Party.
Awards Banquet.
Door prizes and raffles.
Lets look at one way of evaluating a tournament. If you enter a tournament for $100 and they are returning 90% in prizes but offering you a free room and awards dinner you may be getting a good return on you investment. Say the hotel room is $50 a night and the dinner may be a $25 value. You are getting $75 worth of benefits lowering the cost of your tournament to $25.
I have seen other tournaments where the price of the benefits and freebies actually exceeded the price of the tournament. These are a good value for the player.
The third type of tournament is one that the casino runs just to make a profit. They take a big portion of the entry fee but offer little or no incentives in return for the player. These types of tournaments should be avoided. Since there is a great deal of luck involved in winning slot tournaments you want to make sure you are getting enough entertainment for your money. Shop around and find one that you will enjoy.
Slot tournaments are fun. Give it try.
Until Next time remember:
Luck comes and goes.....Knowledge Stays Forever.
Free and Invitational Tournaments.
Tournaments returning all entry fees.
Tournaments that profit the casino.
Invitational tournaments are usually held as a reward or comp for loyal players or high rollers. These are by invitation only and not open to the general public however some casinos offer free tournaments that are open to the general public.
They hold weekly or sometimes daily tournaments as a way to attract players into the casino. If you have never played in a slot tournament before these free tournaments are an excellent way to find out if tournament play interests you. Obviously they are a great value. Whenever you can spend time in a casino playing slots for free with the chance of taking home a prize, it has to be a positive expectation experience. If you don't win you have still had the opportunity to enjoy yourself for a few hour without risking any of your own money. Other tournaments require the participants to pay an entry fee.
The best paid tournaments to enter are the ones that give back all the entry fees in the form of prizes. Many casinos will hold tournaments to generate additional business. They figure that while you are there waiting to play you will probably doing a little playing on the side. Casinos post the tournament rules and will list the prize structure with them. You can take a look at the prize structure of a tournament and determine how much is being returned to the players.
If the entry fee $100 per player and the prizes are based on a total of 200 players you can expect the prizes to total $20,000 if all the money is returned. If all the money is not returned you will want to evaluate what additional benefits you are getting in return for your money.
Some casinos offer a tournament package that will include additional incentives, freebies and discounts. These can include:
Discount or free hotel rooms.
Welcome Party.
Awards Banquet.
Door prizes and raffles.
Lets look at one way of evaluating a tournament. If you enter a tournament for $100 and they are returning 90% in prizes but offering you a free room and awards dinner you may be getting a good return on you investment. Say the hotel room is $50 a night and the dinner may be a $25 value. You are getting $75 worth of benefits lowering the cost of your tournament to $25.
I have seen other tournaments where the price of the benefits and freebies actually exceeded the price of the tournament. These are a good value for the player.
The third type of tournament is one that the casino runs just to make a profit. They take a big portion of the entry fee but offer little or no incentives in return for the player. These types of tournaments should be avoided. Since there is a great deal of luck involved in winning slot tournaments you want to make sure you are getting enough entertainment for your money. Shop around and find one that you will enjoy.
Slot tournaments are fun. Give it try.
Until Next time remember:
Luck comes and goes.....Knowledge Stays Forever.
