These tournaments are divided into two different types. We will be taking an in-depth look at these tournaments while paying special attention to the pros and cons of each type. The two types of slot tournaments hosted online include scheduled tournaments and sit-and-go tournaments.
Scheduled Tournaments
Scheduled tournaments are probably the main type of tournaments that are organized in the world of online gambling and slots. As suggested by its name, this type of tournament has a fixed date for start and end. The length for these tournaments can vary but, more often than, it’s not properly communicated to everyone involved.
The length of a scheduled tournament can vary from as short as five minutes to as long as a month; it’s based on the goals of the organizers, the excitement surrounding the tournament, and the number of participants.
You can become part of these scheduled tournaments when they open. The fact that some of these tournaments go on for as long as a month means that they can offer a handsome prize pool of over $1,400,000 coins. The prize money for the top position can often get to around $1,000,000 in most cases.
Pros:
- You can play these tournaments at any given time when they are open.
- They offer a big prize pool
- You can get multiple chances
Cons:
- You will have to wait for the final results to come
- Since the number of participants is high, winning is harder
Sit-and-Go Tournament
Sit-and-go tournaments are more casual in comparison to scheduled tournaments as they don’t have a fixed time for the start. These tournaments are open until the organizers have required players.
The major difference between these two types of tournaments is that sit-and-go tournaments have a shorter player and prize pool. These tournaments don’t run for a long period of time and happen on a casual basis.
However, since you have a smaller player pool, you have a better chance of getting the prize money. For instance, if we have ten players in the pool and there are prizes for the top five finishers, then you have around a fifty percent chance of being one of the top five players in the tournament.
Pros:
- Results are quick to come
- Fewer players to compete with
Cons:
- You have to wait for players to come, as there is no fixed start date
- Lower prize pools
- No re-buy option