Poker Puzzle Trainer Today’s spot →

Cash Game vs Tournament: Same Cards, Different Value

Cash game vs tournament comes down to what a chip is worth. In a cash game, chips are money, the blinds stay the same and you can leave at any time or add chips between hands. In a tournament, you pay an entry, the blinds rise on a schedule and prizes go by finishing place, so a chip is not worth its face value. The same stack also shrinks in big blinds as the levels rise.

Check what chips are worth in a tournament

Three players left, 50/30/20 payout. Change the stacks to see the shares move:

PlayerShare of the chipsShare of the prize pool (ICM)
6,000 chips60%41.2%
3,000 chips30%33.8%
1,000 chips10%24.9%

In a cash game, each row would read the same in both columns.

The same stack as the blinds rise

Blinds10,000 chips, in big blinds
50/100100
100/20050
200/40025
500/1,00010

In a cash game the blinds stay the same, so a stack only changes with the pots it wins or loses.

The two formats side by side

Cash gameTournament
A chip is worthits face valuea share of the prize pool (ICM)
Blindsstay the samerise on a schedule
Leavingat any timewhen eliminated or when it ends
Paid byeach pot wonmostly finishing place

Keep going

Today's spot →

Sources

Frequently asked questions

What is the difference between a cash game and a tournament?

In a cash game, chips are money, the blinds stay the same and you can leave at any time. In a tournament, you pay an entry, the blinds rise on a schedule and prizes go by finishing place.

Why are tournament chips not worth their face value?

Because prizes go by place. With three players left and a 50/30/20 payout, the player with 60% of the chips holds 41.2% of the prize pool.

Does the same call need the same equity in both formats?

Not always. In the bubble example of this site, a call that needs 50% in chips needs 59.7% under ICM.

How we made this page

The spots come from our library of 647 puzzles. Their expected answers follow rules we wrote and explain on each puzzle; they are not solver outputs. 10 figures on this page are recomputed from the cards by our automated tests. Written with the help of AI tools, then reviewed and checked by our team.

Read also