word type: noun
- A type of tournament on Full Tilt Poker where players get an amount equal to 20% of the buy-in each time they knockout another player. 80% of every buy-in goes to the prizepool and 20% goes to the bounty on each player's head.
A knockout tournament (also called a KO) with a buy-in of $20 + $2 will send $16 to the overall prizepool and put $4 as a bounty on each player. Usually when you knock a player out of the tournament, the bounty money will be immediately credited to your account.
Reasons to play Knockout Tournaments
Knockout tournaments are generally accepted as positive EV ventures for good players, for two reasons. The first reason is that many people still overestimate the actual value of the bounties and they play terrible poker in an attempt to get as many knockouts as possible. The second reason why knockout tournaments are great is that they have slightly less variance than normal tournaments. The proper way to play a KO is to treat it like any other tournament, and enjoy any bounties that do happen to come your way.