MTT

(Multi-Table Tournament)
tournaments

A tournament played across many tables, players consolidating until one is left.

Big variance, lottery-like payout structure, requires hundreds of buy-ins of bankroll to play seriously. ROI tracked over very long samples.

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ICM calculator
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See also

Double Up
Winning an all-in to double your chip stack.
Freeroll
A tournament with no entry fee but real prizes.
ICM
Converts tournament chip stacks to real-dollar equity.
Short Stack
Having significantly fewer chips than the table average.