Guarantee

Guarantee

3 minutes

Posted by: casino4you

Guarantee Meaning – A Guaranteed Prize Pool for an Event or Competition

The guarantee is short for a guaranteed prize pool, a pre-set reward amount that the poker tournament organizer sets.

Poker tournament guarantees are a great way to ensure participation in the competition, as more players will sign up if they know there’s a set minimum prize pool that will be paid out no matter what.

For example, let’s say that a poker tournament has a guaranteed prize pool of $100,000, and players have to pay $200 to enter the tournament.

If 400 people apply, their combined amount is $80,000. But, as the tournament has a guaranteed prize pool, the organizer will be obliged to chip in with the additional $20,000 to meet the guarantee.

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