What does $1K GTD mean.

Question by As400man Posted
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4 Comments

I’m looking at a Texas Holdem tournament at Silks in Tampa and the title is The Silks Poker Room 1:00pm $55 NL Holdem - $55 Super Stack Blitz $1K GTD

The size on the pokeratlas display shows $1000

The payout shows:
Place Payout
1st $841
2nd $520
3rd $345
4th $244
5th $184
6th $147
7th $124

What am I missing. I’m a newbie to card rooms and have only played in private games so please don’t laugh at me.

Comments

  1. 1k guarantee means that the prize pool at a minimum is $1,000. Meaning if there weren’t enough people registered in the tournament to fund a prize pool of $1,000 the card room would be obligated to cover the rest.

  2. @A5kairi Correct, except sometimes there is a minimum player requirement to meet the guarantee. For example the 65 dollar daily in Tunica needs 16 players to meet the 1K guarantee. It’s not like if 2 players show up, they could chop for 500 each right away.

  3. @A5kairi thank you.

  4. @Sw2467 thank you.