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Full Tilt Poker Online - Full Tilt Poker have introduced Cashout tournaments to their schedule, the new tournament allows players to cashout at any stage of the tourney before they reach the final table. When a player cashes out they are eliminated from the tournament and their chip stack value is converted into cash and credit to their FullTilt Poker account.

It's a great option if you've doubled you're chip stack in the tournament but don't think you will last to a paying position, you can just cashout and still cash without the fear of being eliminated by the increasing blinds in the late stages of the tourney.

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Full Tilt Poker Cashout Tournaments

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The new tournament concept should become quite popular as Full Tilt Poker have added a Cashout Tournament to the FTOPS series which takes place in November. FTOPS event #18 will be a $150,000 guaranteed Cashout Tournament which takes place on 12th November 2009 at 14:00 ET with a buy-in of $200+$16

FTOPS Event #18
Date:12th November 2009
Time: 14:00 ET
Game Type: NL hold em - Cashout tournament
Buy-in: $200+$16
Prize Pool: $150,000 guaranteed

Players can also join the MiniFTOPS cashout tournament which is a replica of the FTOPS with buy-in reduce to 10% of the FTOPS series

MiniFTOPS Event #18
Date:17th December 2009
Time: 13:00 ET
Game Type: NL hold em - Cashout tournament
Buy-in: $20+$2
Prize Pool: $30,000 guaranteed

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How Cashout Tournaments work

Every player that buys in to the tournament will contribute half their buy-in, excluding the tournament fees, to the cashout prize pool. As an example if you were to play the MiniFTOPS event #18 your buy-in would be $20 + $2 you would then pay half the buy-in which is $10 to the cashout prize pool and the other half $10 will be added to the main prize pool which is used like a regular tournament. Cashing out your starting stack 1500 chips will get you $10 if you triple your chip stack during the tournament to 4500 chips they will be worth $30 when cashing out.

At any point before the final table players will have the option to cashout some of their chips or all of their whole chip stack to leave the tournament.

Cashing out in Cashout Tournament

Any player who cashes out all his chips will leave the tournament and finish in that position as if they have been eliminated. Chips can be cashed out in increments of 10% of your original starting stack so you can cash your chips while you increase your stack.

Cash out 10% of your starting stack 1500 each 150 chips is valued at $1*
Double your stack to 3,000 chips and cash out half your stack 1500 chips and get $10* from the cashout prize pool
Double your stack to 3,000 chips and cash out all 3000 chips and get $20* from the cashout prize pool

*Chip value based on a buy-in of $20+$2

When cashing out some of your chips they will be removed from your chip stack as soon as the next hand begins. If the player is eliminated or their chip stack is less than the requested cashout it will be canceled.

If the player decides to make a full cashout they will get the value of their chip stack removed from the cashout prize pool.



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