Online poker tournaments are a great way to showcase your skills as a poker player and to win some serious cash. They are also a lot of fun and it can be interesting to see just how far you can get in the tournament.  Even if you’re a beginner, there’s no reason not to try your hand at playing one, you just need to know what the different types are.

Sit and Go. This is the most commonly played type of poker tournament. These involve playing rounds with the winners going on to play each other. Buy-ins can be as low as $1, making them particularly popular.

Freeroll. Some online poker sites offer free tournaments where you can win small amounts of cash which are placed into the pot by the site. This is a great way to get started in online poker if you don’t want to put in your own cash.

Guaranteed prize pool. This type of tournament guarantees a specific amount for the prize pool. If it doesn’t reach that amount during play, the site will chip in the remainder to make the right amount.

Bounty. In this tournament type you actually earn money for knocking other players out of the game. While there is still a pot, 50% of the buy-in is used for the bounty, so you can earn even if you lose.

Satellite. With these games, you can start with a low buy-in, then the winner of the event gets to move on to the next event and so on and so forth until they have reached the big time.

Poker tournaments can be a blast whether you are a beginner player or an expert. They offer a number of methods to get started, even if you have only a couple of dollars to bet with.