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Guaranteed Money Tournaments
Because prize money is obtained through the entry fees charged, a multi-table tournament could have varying prize pools every time it ran (if the same fees were charged but different numbers of players registered). To make a tournament more attractive to players a poker room may guarantee a minimum amount of prize money is available to be won. The room may guarantee a $5,000 minimum prize pool, so players know when they register the minimum size of the prize pool. When the poker room has enough players entered to cover the $5,000 minimum the prize pool will grow. When too few players register to play in the tournament, the poker room will add the money to the prize pool to ensure the minimum amount is paid-out.
Smaller poker rooms offer guaranteed prize pools for the times that few poker players register. This is done so that players who do enter an online tournament know that the prizes will not be very small, and it is worth their wile to play in the tournament. Some good deals can be found at smaller rooms where the number of players can be low relative to the size of the prize pool. Larger poker rooms rarely offer such deals as they can guarantee a huge prize pool, these large prize pools get the attention of players, they register and that in turn increases the prize amounts, even more players are attracted and the cycle continues.
A guaranteed money tournament ensures that poker players who choose to play in a small rooms' tournament will not be disappointed in the small prize pool, due to poor player turnout.
Added Value or Added Money Tournaments
Another way of ensuring interest in a tournament is for poker rooms to add money to the prize pool, without regards to the number of players who turnout. As an example; a $500 added tournament means the poker room will add $500 to the prize pool. This is different from a guaranteed money tournament because the poker room always adds the money to the prize pool even when the minimum number of players enter.
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