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When participating in online casino tournaments it is important to be aware of the fact that the correct strategy to employ will depend on the manner in which payouts are structured and prizes are awarded. In contrast to playing standard online casinos games where each wager with its own value is placed against the house odds, tournaments require that you play against other players, which significantly alters the landscape of play.
When playing tournaments the bets you make have different values than in normal casino gameplay as you have to take into consideration their place in light of the entire event and how they will affect your overall standings in the line-up.
Here we'll take a look at some of the general principles governing casino tournament strategy and how you can put them into effect to maximise your strategic advantage when participating in such events.
Before entering a tournament ascertain whether it is a true tournament or simply a leaderboard competition. Many online casinos advertise promotional events as "tournaments" which in essence they aren't. In its truest form a casino tournament should allow you to compete against other players to judge who performs the best, a leader board competition, on the other hand, comes down to how much you play.
The latter are very common in the online casino industry and are largely determined by who plays the most spins or spends the most money, which ultimately means that there isn't much skill involved and it's not really a tournament between players. Nevertheless, these types of competitions can be fun if you're not one for all out competitive gameplay, just be sure that you understand exactly how the prizes are going to be awarded before deciding to play in such events.
Once you've located an actual online casino tournament where you'll be competing against others for a share of the prize money, you'll need to decide whether you'll be competing head-to-head or playing in a pool of players.
Head-to-head gameplay on casino games like online slots or roulette require you to establish a lead and then play conservatively to maintain it because the odds are on your side. You do not need to take unnecessary risks by placing large wagers in order to win but you should try to force your opponents to increase their risk in order to catch up to you. In doing this the odds will remain in your favour.
When playing in a pool of players strategy is slightly different than in head-to-head play and you need to keep in mind that you don't necessarily have to win all your bets. Rather you need to maximise the value of your game in line with the way in which prizes are paid out. The best way to do this is to begin these events by studying the payout schedule in order to learn what place you have to finish in order to earn a share of the prize payouts. Manage your budget accordingly and as you near the end of the tournament take the necessary risks to ensure that you end up on the payouts list.