In this scenario, each bounty is worth one entire starting stack, in this case 5,000 chips. In a straight knockout tournament, suppose you buy-in for $100 – $50 goes to the standard prize pool, $50 goes as a bounty on each player’s head and you begin the tournament with 5,000 chips.

The best way of measuring the chip value of a bounty is in number of starting stacks.

You should learn to convert the value of each bounty into tournament chips, so you can revise your pot odds for competing in any given pot. Don’t be the player falling into this trap! It’s a tournament, not a cash game. Unfortunately, this is extremely unhelpful and the root cause of a vast amount of over-folding and over-calling. In both situations this amount is displayed as a cash value, so you might be forgiven for thinking of bounty values in terms of cash prizes. If you play live bounty tournaments you will be familiar with the bounty chip if you play online you will know the graphical display of each player’s bounty. Learning to quantify the true value of each bounty can give you a significant edge over the rest of the field.

The biggest mistake players make in knockout tournaments is failing to understand the value of the bounty.

Poker bounty builder