Payouts

7 terms in Poker.

Final table

The last table of players remaining in a tournament.

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Hand-for-hand

A tournament procedure in which every table completes one hand before any table begins the next.

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ICM

Independent Chip Model, a method for estimating the cash value of a tournament chip stack.

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Laddering

Moving up to a higher payout by surviving while others are eliminated.

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Min-cash

The smallest prize paid to a player who finishes in the money.

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Payout structure

The schedule showing how prize money is divided by finishing place.

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The bubble

The stage just before the remaining players in a tournament begin winning prize money.

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