Ring Game
Also known as Cash Game.
A ring game is a non-tournament poker game. This is the typical
type of poker game where players buy-in and cash-out whenever they
wish. The chips used at the table represent money. Thus, if a
player buys in for $10 worth of chips and cashes out $50 worth of
chips, he or she makes a profit of $40. In contrast, a tournament
game rewards players based on their final rank in the tournament.
For example, if 10 people buy in for $10, then there will be $100
in the prize pool. Players would then receive a set amount of
chips. These chips can not be cashed out for money; they are used
solely for play in the tournament. Play would continue until one
person possesed all of the chips. A typical tournament would then
award $50 to first place (person who possessed all of the chips a
the end of the tournament), $30 to second place (person who was
eliminated last), and $20 to third place (person eliminated just
before second place finisher), with fourth and lower receiving
nothing.
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