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Tournaments Intermediate Page edition: October 2026

Bounty/Knockout Tournament

Bounty/Knockout Tournament — Poker Term Explained
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Quick Definition

A bounty tournament (also called a knockout tournament) is a poker tournament format where a portion of each player's buy-in is placed on their head as a cash prize awarded to whoever eliminates them.

What Is a Bounty Tournament?

A bounty tournament assigns a prize to an eligible elimination. That prize is separate from the regular finishing-position payout. The event rules determine who receives it, when it becomes payable and whether it is cash or another benefit.

A player can receive an elimination award without reaching the regular paid positions. Entry costs still count. Check whether bounties apply from the start or only after a specified stage.

In a fixed-bounty example, each eligible eliminated player awards the same amount. In a common 50/50 progressive knockout (PKO) structure, half of the victim’s current bounty is paid out and half is added to the eliminator’s bounty. Other splits and mystery-prize structures exist. Read the event rules rather than assuming every knockout works this way.

How It Works

Buy-In Split: The buy-in is divided between the regular prize pool and bounties. A $22 bounty tournament might allocate $10 to the prize pool, $10 to bounties, and $2 as rake. In some formats, the split is 50/50 between prize pool and bounties.

Standard bounty: In a fixed-bounty example, each eligible knockout awards $10. The amount stays fixed. The event rules still control eligibility and settlement, while the regular prize pool pays finishing positions separately.

Progressive Knockout (PKO): The event specifies the starting bounty, fee and split. Under the 50/50 example here, eliminating a covered opponent pays half their bounty and adds half to your own. Your own bounty is not a cash balance available for withdrawal merely because it increased.

Bounty collection: Check the event’s award and settlement rules. Live events may use tokens or another verification process; online awards may have account and prize conditions. A displayed award is not proof of immediate withdrawal eligibility.

Final bounty: Check what the rules award to the winner, including any retained bounty. Keep the regular tournament payout, credited elimination awards and any final bounty settlement separate in your record.

Example

Hypothetical 50/50 PKO: a $55 entry consists of $22.50 for regular prizes, $22.50 for the starting bounty and a $10 fee. You eliminate two opponents whose bounties are each still $22.50. Each pays $11.25 in cash and adds $11.25 to your bounty. Record the two balances. Cash credited totals $22.50; your bounty grows from $22.50 to $33.75, then $45.00. These are separate amounts, and $22.50 of credited awards alone does not recover the $55 entry cost.

For a separate decision, suppose an opponent has a $55 bounty and fewer chips than you. If you cover them, eliminate them and the event uses this 50/50 split, the immediate bounty award is $27.50. It comes from their bounty, not your own $45.00. Elimination must be possible. Exact eligibility in a split or multiway pot follows the event rules.

Where to Find the Best Bounty Tournaments

To find a qualifying event, inspect the current local lobby and its tournament rules. Check the event itself. Confirm the fee, bounty allocation, coverage requirements, prize type and knockout stage before registering. A historical series name is not evidence that an event is available today.

  • GGPoker: use the review to locate the applicable product and official rules; verify the specific event in its current lobby.
  • PokerStars: use the review to locate the applicable product and official rules; verify the specific event in its current lobby.
  • 888poker: use the review to locate the applicable product and official rules; verify the specific event in its current lobby.
  • PartyPoker: use the review to locate the applicable product and official rules; verify the specific event in its current lobby.

Related Terms

  • Multi-Table Tournament — the base format that bounty tournaments modify
  • ICM — the equity model that must be adjusted to account for bounty value in knockout tournaments
  • Bubble — less significant in bounty formats because players are already earning rewards before the money
  • Final Table — where accumulated bounties create massive value for eliminating the remaining players

FAQ

How do bounties change my strategy?

First check whether your stack covers the opponent and whether eliminating them now awards a bounty. Then value the cash component under the event’s rules, separately from chips and any increase to your own bounty. Keep those values separate. A bounty can change a decision without making every wider call correct. ICM and other players still matter.

Are bounty tournaments higher variance than regular MTTs?

Frequent elimination awards do not prove a lower risk of loss or more consistent net results. The comparison depends on payouts, field, entries, playing decisions and the bounty structure. Check the net result. Count all entry fees and re-entries alongside awards; no result dataset is supplied here.

What is a Mystery Bounty tournament?

In a mystery-bounty format, eligible eliminations award prizes whose individual values are not known in advance. The rules specify when the bounty stage begins, how the draw works and the remaining prize distribution. Stage rules differ. Do not assume awards begin on the money bubble or that every knockout gives a prize.

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