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Add-Ons and Rebuys: A rebuy allows someone to buy back into a tournament after he or she has been eliminated. There is often a restriction on the number of rebuys a player may use (1 or 2) and a restriction on the rebuy time period (usually the first hour of play). Add-ons are often used in casino play. It allows a player to make a single rebuy at the end of the rebuy period. Since the player has not yet been eliminated, it is not a rebuy and is referred to as an add-on. Coloring Up/ Chip Racing: ԃoloring upԠis the process whereby smaller chips are taken out of circulation because the blinds have reached a point which renders them useless. Coloring up makes it easier to count bets and speeds up the game. However, coloring up can be a confusing process the first couple of times you try it, and for this reason, home tournaments often do not color up at all. Rules of Coloring Up: When it is time to color-up, they should be raced off with a maximum of one higher-denomination chip going to any single player. A player cannot be raced out of a tournament.
Example: $100 chips are being taken out of circulation. Each player exchanges his remaining $100 chips for as many $500 chips as possible. Lets say that at a nine person table, three players hold multiples of $100 chips that cannot be exchanged for a $500 chip. Player A has two $100 chips; Player B has four $100 chips; Player C has one $100 chip.
The dealer gives two cards face-up to Player A (one for each remaining $100 chip). Four cards to Player B, and one card to Player C. The dealer collects all $100 chips, which total $700. This number is rounded up to $1000, making for two $500 chips that will be raced off.
The dealer gives one $500 chip to the player with the highest card (this player cannot win any more chips). The dealer gives the second $500 chip to a different player with the next highest card. If it should occur that Player C loses the chip race and is left with $0 in total tournament chips, he will be given an extra $500 chip.
Final Thoughts: The best way to learn how to properly run a No Limit Holdӥm tournament is to play in one at a casino. There is no substitute for this. However, if that isnӴ a possibility, the next best thing is playing in an online NLH tournament (doesnӴ matter if itӳ real or play money). We recommend Full Tilt Poker for this.
Also, if you really start to get serious about hosting your own games, or if you ever need official tournament rules, we recommend this excellent website: Home Poker Tourney.
Also, if you're planning home games with less experienced poker players, choose poker tournaments. In a cash game, a single mistake can be quite costly whereas in a tournament you'll only lose a few chips. poker tournaments.