Online slot tournaments are becoming increasingly popular. They are fun to play and offer an element of competition since you are playing against the other participants. Tournaments also offer long play times and the opportunity for a large payout with a set price to buy in.
Slot tournaments can either require a fee or “buy in” or be a freeroll tournament. Freeroll is casino jargon for a free tournament. Free slot tournaments are used to bring in new real money players. The free slot tournaments usually require participants to sign up at an online casino. Around holidays you will often find freeroll tournaments that have large payouts. There are also online casinos that offer smaller weekly freeroll tournaments. The tournament itself will not cost you any money, but you will need to provide accurate contact information to play.
Most tournaments use play money. It cannot be exchanged for cash when you are finished. The advantage of play money is that all you stand to lose is your entry fee. Every player has the chances of winning at the beginning of the tournament. No one will start with a larger stack than anyone else. The disadvantage of this system is that jackpots do not pay off in cash. If you hit a progressive during a tournament the maximum that you will receive is the tournament top prize.
Online slot tournaments generally do not require all players to start at the same time. There is usually a set amount of time that you will have to play. This time starts when you choose. The object of the game is to end with more credits than any other participant. You are allowed to stop playing at any time. Most tournaments have a leader board so you may decide to stop if you become the leader.
Familiarize yourself with the rules of the particular slot tournament than you are playing in. Although the actual play will be similar, the payout and re-buy systems may be different. Some online slot tournaments will allow you to re-buy credits after you have used your initial credits. This is important to know if you are on the leader board and expect to be paid out. Each tournament also decides how it will determine the winner. In some slot tournaments, the player with the most credits at the end of the established time period wins. Other tournaments have a playoff with a predetermined number of finalists.