POKER CONCEPTS in Action: Ranges, Bluffs, Bubble Play and getting All In

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  • Опубліковано 19 чер 2024
  • We show all the big hands from a recent WSOP Online Poker Tournament Circuit Event and discuss Ranges, Bluffs, Bubble Play, ICM, going ALL IN and more. The full stream is available here: • $500 WSOP Online Circu...
    0:00 - Intro
    0:40 - Playing from the blinds
    1:51 - 3 Betting with Kings
    3:38 - Randomizing to balance Frequencies
    4:44 - Playing Monotone boards
    6:28 - Playing Jacks
    8:00 - Bluffing with a straight on the board
    10:08 - Missing out on value
    12:32 - Bluff
    14:18 - Equity Denial and ranges
    16:13 - Going All In
    17:17 - Betting for value
    20:30 - 3 Betting from the blinds
    28:48 - Calling an All In with the worst hand
    30:08 - Bubble Play
    31:02 - Bluff Raising
    31:50 - Blind vs Blind
    35:24 - Going All In
    Stream Music Playlist: www.epidemicsound.com/playlis...
    Check out my MasterClass: www.masterclass.com/classes/d​...
    USE PROMO CODE DANIEL FOR $10 Off Annual POKERGO MEMBERSHIPS:
    www.pokergo.com/refer/daniel​
    Use PROMO CODE KIDPOKER20 to get 20% off at www.contendersclothing.com​
    Check out my DAT Poker Podcast at podcasts.apple.com/us/podcast​... and subscribe on iTunes.
    Follow Me, Daniel Negreanu, Online Here:
    linktr.ee/dnegspoker​
    / realkidpoker​
    / ​
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  • Ігри

КОМЕНТАРІ • 641

  • @BrickForSheep
    @BrickForSheep 3 роки тому +1089

    Watching Daniel on poker stars for the last two weeks and seeing he has an active youtube account is extremely satisfying

  • @die7fox
    @die7fox 3 роки тому +213

    Can't tell you what these playthroughs have meant to my own game. I used to fold so many pre-flop hands that I didn't think had value. I play more aggressively now that I know what to watch for and how to better read the board. Reaping the benefits! Thanks for taking the time to post these.

    • @ok-kk3ic
      @ok-kk3ic Рік тому +4

      Getting better at poker is such a nuanced process.

    • @rickysmith6041
      @rickysmith6041 Рік тому +6

      they're in a tournament playing loose, and implied odds hands have more value deep stacked, and less short stacked. Reverse with big off suited hands. There are so many factors, be wary of copying the cards he plays unless you understand the circumstances. Your learning should come from gto charts, there is a huge difference based on position, cash or tournament, and stack depth.

    • @rickysmith6041
      @rickysmith6041 Рік тому

      @@ok-kk3ic I don't agree. The decisions are usually very decisive, it's just that beginners don't know what they're supposed to do. I'd say every decision can be calculated pretty easily if you had enough time to think about it.

    • @Johndadonfromlakeside
      @Johndadonfromlakeside 6 місяців тому

      ​@@ethosterros9430hell no 😢😅 lol, make profits in crypto just to lose it in poker haaha

  • @btvaalburg
    @btvaalburg 3 роки тому +244

    "I'm going to do that against Phil Hellmuth and he is not going to understand it" LOL

    • @LazarNevski
      @LazarNevski 2 роки тому +5

      “Honey, he checked the flop with pocket kings! Stupid online player!”

    • @chessmonki9904
      @chessmonki9904 2 роки тому +1

      How did that work out

    • @JO-ji4bb
      @JO-ji4bb 2 роки тому

      That really worked out for him; losing 3 times in a row LOL

  • @thomasmonaghan2016
    @thomasmonaghan2016 3 роки тому +246

    Daniel won more hands in a single tournament than I have in the last 12 months

    • @GiGi-tt8oo
      @GiGi-tt8oo 3 роки тому +2

      I'm a new player..
      I find his streams so helpful
      I used his wisdom ...it works...

    • @downwithputinsaveukraine1313
      @downwithputinsaveukraine1313 3 роки тому +4

      Donkyiel's advice has to be taken carefully, or almost not at all, for optimal results.

    • @thomasmonaghan2016
      @thomasmonaghan2016 3 роки тому +2

      @@GiGi-tt8oo gigi where do you play bro? I get beatrunner runnner consistently.im good enough at maths to know the differrence between bad luck and
      Highly improbable

    • @battlingphoenix3847
      @battlingphoenix3847 2 роки тому +2

      @@thomasmonaghan2016 if you keep drawing dead by the river then why don’t you just shove the flop, it literally solves all your problems you “claim” to have. No ones calling without something with decent chance of hitting or something outright. Yes it’s a horrible way to play and loss a losing strategy but you’re whole problem involves not getting outdrawn so this is your only ovation.

    • @niall5556
      @niall5556 Рік тому

      People don't win hands they get cards. GG like all the others it's ultra rigged

  • @florencioaguilar8806
    @florencioaguilar8806 3 роки тому +394

    hey daniel i just wanted to remind you that everything you do at the poker table conveys information

    • @Lark1610
      @Lark1610 2 роки тому +69

      And what about being loosey-goosey, eating a sandwich?

    • @rellyrue18
      @rellyrue18 2 роки тому +19

      U just wanted to remind him, huh? Lol.

    • @matt3997
      @matt3997 2 роки тому +4

      Remind him. Haha.

    • @Rushil69420
      @Rushil69420 Рік тому +2

      What about the videos he uploads where he literally explains his entire thought process behind the hands lmao. He knows. The point is that his game, if he plays it well enough, is just not exploitable.

    • @pashiki5480
      @pashiki5480 Рік тому +1

      @@matt3997 Must be Phil Ivey in disguise

  • @gavinbrinck
    @gavinbrinck Рік тому +13

    i love how public you are with your play. this is very validating to watch 'the best', and see, hopefully, some of my play/decisions aligning with yours ! tysm, bravo always ! ty ty

  • @parkroote5902
    @parkroote5902 3 роки тому +23

    I learned you make more hands in one tournament than i make in 5.

  • @BradyzLucky13
    @BradyzLucky13 3 роки тому +11

    The "premoan" was awesome. Really glad I stumbled upon your page, Daniel. And super appreciate your transparency and inclusiveness you present to everyone. Always liked you, but now I appreciate you. Best luck ahead.

  • @giovanniassis8221
    @giovanniassis8221 3 роки тому +41

    Just enrolled in MasterClass to SPECIFICALLY watch your master class on poker. So far it’s been great, and I don’t regret it. Cheers!

  • @jasonsitu5287
    @jasonsitu5287 10 місяців тому +9

    Watching Daniel play and coaching at the same time actually learn a lot more then just reading books and watch video itself

  • @loicgagnon-messier5016
    @loicgagnon-messier5016 3 роки тому +2

    Danielinski! My boy! Please supply more of this content, was a very nice watch. Hope you're having a good week!

  • @joeyilse1409
    @joeyilse1409 2 роки тому +35

    Daniel, I just wanted to say thank you for all you do and these videos. I have learned so much from watching you play and watching your videos. You're so awesome dude! Peace.

  • @riffz6065
    @riffz6065 2 роки тому +24

    I learned more in this one video than 10 poker tutorial vids on YT.

  • @arr0wfree855
    @arr0wfree855 2 роки тому +20

    Thank you Daniel for this video. Over the last few years I have learnt a lot from watching your play and your teachings so, Thank You for that too.
    I really enjoyed the 88 against A3 hand, love seeing ace rags get a good beating, nice hand.

  • @william420adam
    @william420adam 3 роки тому +13

    Damn Dnegs your so much better now at poker thought processes. You still got that old school live feel with great poker knowledge to back it

  • @gunpartybutta363
    @gunpartybutta363 3 роки тому +143

    Daniel I love how you spread so much positivity 😭

    • @youretotallyrightbut463
      @youretotallyrightbut463 3 роки тому +3

      He’s positive often but he’s also extremely negative sometimes....one of the worst poker celebrities for it

    • @OpTicRittenhouse
      @OpTicRittenhouse 3 роки тому +17

      @@youretotallyrightbut463 hard to be positive all the time, the guy is human wtf

    • @cosmingalpoker4599
      @cosmingalpoker4599 3 роки тому +1

      that's why I follow him

    • @timruth8767
      @timruth8767 3 роки тому +3

      He saves it up for the internet,...he is an ass much of the time in person. Sorry Daniel, but you can make even the poker brat look like a monk with the way you have started behaving in the last 7 years,..still time to get it back under control but i think you are doubling down on your EGO All IN strategy.

    • @jerkov420
      @jerkov420 2 роки тому

      He's Canadian, what can he do, eh?

  • @malcolmharris5277
    @malcolmharris5277 6 місяців тому

    Discovered these videos today and have already watched and enjoyed several.
    Thanks, Daniel - you've been my favourite player for a long time and this only raises you higher in my estimations.

  • @playdurty2073
    @playdurty2073 3 роки тому +10

    Was watching your videos yesterday night. Manage to use your advise, and play like yourself & damn it done me wonders. I was always a good player, but sometimes I just used to make silly moves in different positions. With the correct play, manage to get ITM for 6/10 tournaments today, 1st place for 2 of them, and the rest at least top 20 in fields of 300 plus. Which is small, but I saw progress. Can’t wait to continue my journey in these tournaments :)

  • @aztecwarrior9729
    @aztecwarrior9729 3 роки тому +3

    Thank you for playing and explaining. I a still at 1-2 for about 2 years.

  • @valernemeth3963
    @valernemeth3963 3 роки тому +40

    “You can t be all loosey goosey eating a sandwich (this time an apple) at the table” 😂

    • @RezidueWithaZ
      @RezidueWithaZ 3 роки тому

      I came to comment this exact thing when I saw him eating food towards the end 😂😂

    • @valernemeth3963
      @valernemeth3963 3 роки тому

      @@RezidueWithaZ yes haha😂

    • @dnegspoker
      @dnegspoker  3 роки тому +23

      "Table" being the operative word here and I think I'm safe online :-)

    • @binhhuynh5979
      @binhhuynh5979 3 роки тому

      Plus you can be all loosey goosey with an apple because there's less moving parts than a sandwich.

    • @michaelstephens9852
      @michaelstephens9852 3 роки тому

      @@dnegspoker you should've trademarked that qoute. I hear it atleast once a day at poker.🤣

  • @dankehoe2226
    @dankehoe2226 3 роки тому +2

    Daniel
    Thanks for the master class changed everything for me.

  • @yoloinvesting8749
    @yoloinvesting8749 3 роки тому +8

    Doubt you see this Daniel but i loved this... This was very relaxing to watch and very educational to my poker development... Thank you and i hope you continue down this path rather than the other hyper explosive path LOL

  • @gregmajewski3406
    @gregmajewski3406 3 роки тому +48

    For a second I thought he was gonna say "Hey honey, this guy just min raised me on the flop into a $15,000 pot"

  • @mrki412
    @mrki412 2 роки тому +5

    Just discovered this channel, great content even for me freeroll player, love how Daniel is calm.

  • @MarcoGarcia-xz3di
    @MarcoGarcia-xz3di Рік тому

    I always love watching you play you crack me up, which is an added plus beside your excellent playing skills

  • @markreynolds1436
    @markreynolds1436 3 роки тому +2

    Nice. Just what I was looking for.

  • @sircopperfield7420
    @sircopperfield7420 3 роки тому +1

    Thank you Daniel, I've learned so much from you.

  • @erniecarralero159
    @erniecarralero159 3 роки тому +2

    Great job Daniel love your work always keep up the positive attitude we love you out here👍🏽👍🏽👍🏽👍🏽🙏🏽🙏🏽🙏🏽❤️❤️❤️❤️

  • @justinjohn6211
    @justinjohn6211 Рік тому

    Just in the 10th second of the video and already hit like coz I know you always deliver wisdom and quality content about poker.

  • @tanompace9901
    @tanompace9901 Рік тому +1

    Not only is he helping everyone with videos like this but he’s making it harder for himself to play.

  • @seahawkblazing9253
    @seahawkblazing9253 Рік тому +4

    Love how humble you are Daniel. Are you top 20% of tournament poker players? 😂 throw some respect on this man’s name. He’s my favorite and imo the best. The best doesn’t always win unfortunately! But the best is always in the green like Daniel, he does this for a living! 🐐

  • @bendogcs
    @bendogcs 3 роки тому +90

    Can you cover the loosey goosey concept

    • @stevenc8281
      @stevenc8281 3 роки тому +7

      That’s basically how he plays all the time

    • @spyderwarteam8335
      @spyderwarteam8335 3 роки тому +1

      Its hard to explain for a FISH like you LOL

    • @seanupton709
      @seanupton709 3 роки тому +5

      Loosey goosey, sandwich theory optimal.

    • @allancouceiro9905
      @allancouceiro9905 3 роки тому +1

      beefy sausage optimal. My opponent is getting better cards than me 😪🤯

  • @erikguzowski1375
    @erikguzowski1375 3 роки тому +2

    Thanks for the edited video rather than all the hands although I'd like to see a few hands you contemplated playing preflop and why yo folded them. Great video and a good warm up for the Online Borgata/AC Main Event this weekend. Cheers! ( I won three step up satellites to get into then event and look to run deep)

  • @jesseFNjames
    @jesseFNjames Рік тому

    I instinctually would make a lot of the same decisions without really understanding why, love the commentary and breaking down of the hands

    • @cain2548
      @cain2548 Рік тому

      He's articulated what you knew but didn't know you knew.

  • @PhilGood369
    @PhilGood369 2 роки тому +1

    I am very happy to be watching this video. Thanks for sharing

  • @neilbyrne2783
    @neilbyrne2783 3 роки тому +5

    this was great more of these please 🖤♠♣♦

  • @collinmerideth8274
    @collinmerideth8274 9 місяців тому

    Watching the WSOP years ago on espn I always loved seeing Daniel on tv. I just found his channel and started to play online poker. Awesome information. Thank you!!!!
    Watch the series on poker theory it’s 5 parts good stuff.

  • @aamantium1
    @aamantium1 3 роки тому +40

    I didn't learn "nothing". I learned that nobody out-eats Dnegs while playing online tournaments.

  • @scottsthoughtschannel9538
    @scottsthoughtschannel9538 Рік тому

    Ty for these video's, im learning a lot from them. Have a great day!!!

  • @BaronVonReich
    @BaronVonReich 2 роки тому

    Never change, you are bloody awsome mate..

  • @mikeporreca1132
    @mikeporreca1132 3 роки тому +14

    The trip 8s on the river though omg lmao I Know the guy he was up against with that ace was PISSSEEEDDD LMAO

    • @indjke
      @indjke 4 місяці тому

      Well but he was behind at the beginning with 3 outs
      He caught one of his three
      Daniel caught one of his two
      It’s not even a bad beat

  • @heuneilungmichael6981
    @heuneilungmichael6981 7 місяців тому

    I'm a beginner and I learnt the general rules and ideas from your videos ❤...thanks

  • @snowman4098
    @snowman4098 Рік тому

    Absolutely, nada . 36 minutes I can't get back ! Thanks, Danny
    JK
    Always something to sharpen the hold'em knowledge through Daniel !

  • @GRolla101
    @GRolla101 2 роки тому

    That 8 on the river was diiiiirty. Love it

  • @jeffeyjeffey8
    @jeffeyjeffey8 Рік тому

    The river’d boat at 17:00 is classic Daniel haha

  • @cointrader9288
    @cointrader9288 Рік тому

    I really enjoy watching you play poker and how you think about the game

  • @ButLikeWhyTho
    @ButLikeWhyTho 2 роки тому

    Dnegs talking about Gretzky vs McDavid is exactly what i needed to see today lol

  • @davidmulligan7175
    @davidmulligan7175 3 роки тому +1

    Thanks for posting more these days sir

  • @CosmicStargoat
    @CosmicStargoat Рік тому

    I'm really enjoying your videos and the arrogance and bluster that you do not manifest at the public tables. Seriously, it is refreshing.

  • @terranceandsomelego8274
    @terranceandsomelego8274 11 місяців тому +2

    I played in my first Wsop tournament and have wanted to meet Daniel my entire life. He was about 4 tables away from me on Friday and I was too scared to go say hi or ask for a picture lol. Was cool to play in the same tourney as him though

  • @romainteleraimmobilier
    @romainteleraimmobilier 2 роки тому +1

    Amazing thanks !

  • @NtrTainUs
    @NtrTainUs 8 місяців тому

    You should show the hands you fold and your thinking behind folding. Thank you! Appreciate these!

  • @melvintheunissen5601
    @melvintheunissen5601 Рік тому

    Awsome Daniel. Thnx very much for your lessons Youre the best

  • @TheAlexanderswagner
    @TheAlexanderswagner 2 роки тому +5

    Hey Daniel, Huge fan. Can you please provide more videos like this one? Gain so much insight watching this

  • @luizfelipeap
    @luizfelipeap 3 роки тому +16

    I liked this format, if you could do it at least once a week, and I think would be cool if you pick one hand to analyze it deeply at the end, something that take 15min tops

    • @dnegspoker
      @dnegspoker  3 роки тому +20

      I'm trying to do about one stream per week and then cut them down so you get the key hands in a shorter video

  • @rodneymolidorjr.6095
    @rodneymolidorjr.6095 2 роки тому +2

    I'm watching this, and I admit, I don't know much about the intricacies. This is great for me to learn here. Online seems so much different, can't see the others' faces. How do you quickly identify the other players' skill? How do you pinpoint the players you have to respect, and who you can fleece?

  • @jebeebus
    @jebeebus 3 роки тому +9

    J10 vs J9: "Such is life." 😂

  • @sebastianxxx3351
    @sebastianxxx3351 2 роки тому

    I love this dude xD so loosey goosey and fun and still great information

  • @melvinhendriks6579
    @melvinhendriks6579 3 роки тому +1

    Nice touch you are thinking loud. That gives some information how a top pro thinks round the middle stage( bubble)

  • @christiancastillo411
    @christiancastillo411 3 роки тому +2

    Oh shoot, you stream?! Damn, I need to catch one of those.

  • @nathandust
    @nathandust 3 роки тому +15

    I’ve been watching your MasterClass as well as reading your book Hold’em Wisdom. All I want is to keep learning. Just want to let you know that you are an absolute inspiration to me pursuing more knowledge in poker. Also, I’m excited to see you play against Hellmuth in heads up soon. ✌️

  • @RecoveredRidleyTruther
    @RecoveredRidleyTruther 6 місяців тому +1

    This is awesome. Can you post more content like this, in-game action? Been watching you since the “Kid Poker” early days.

  • @ben.nguyen253
    @ben.nguyen253 3 роки тому

    love these

  • @Vancurlyyyyy
    @Vancurlyyyyy 2 роки тому

    Sweet play

  • @BrettLee0
    @BrettLee0 3 роки тому +1

    These videos are helpful.

  • @MADE4WORSHIP
    @MADE4WORSHIP 3 роки тому

    Great Vid!

  • @Tabi1983
    @Tabi1983 Рік тому

    Love his attitude!

  • @AnonArandom
    @AnonArandom 2 роки тому +1

    I lost a much smaller hand where I had paired tens vs Kings and went all in. Feels good to have a pro validate that as a solid move, even though it does suck, lol.

    • @maxwelllittle5291
      @maxwelllittle5291 2 роки тому +1

      To be fair the initial raisers range is MUCH wider - 1010 is usually good there (or at worst a flip which you need to win to have a chance in these tournaments)

  • @leifleoden5464
    @leifleoden5464 3 роки тому +11

    Note to self, if I see Dnegs with a Canadian flag at my GG Poker table, fold and find a new table :P

    • @dreamerml4472
      @dreamerml4472 3 роки тому

      hahaha

    • @johningle1
      @johningle1 2 роки тому +1

      Yes, I was trying to figure out if everyone playing knows it's him?

  • @johnnyfragnelli2009
    @johnnyfragnelli2009 3 роки тому +1

    Good 👍as always I like the new school train of the thought on this hand

  • @raziel0729
    @raziel0729 3 роки тому +1

    Yeah Dnegs love these kind of videos

  • @tokyojoe1757
    @tokyojoe1757 2 роки тому

    Love Daniel...your awesome!

  • @dankrocka64
    @dankrocka64 2 роки тому +1

    The key to a bluff is representing the winning particular cards in hand during preflop. Kind of like holding KQ and telling your opponent you have pocket 10's preflop. You've just created a seed of doubt, and a bunch of cards that they should or shouldn't be afraid of. It works if you have the image for it the first and only time you do it at a table 😜, winking at you Daniel. Never say your real hand still. It can be perceived as collusion.

  • @hughhemmerich8854
    @hughhemmerich8854 3 роки тому

    Nice video ty

  • @jonathanmonterroso7760
    @jonathanmonterroso7760 3 роки тому +1

    Ocho gracias el WSOP 🤣 cracked so hard

  • @bwsmpp
    @bwsmpp Рік тому

    Solid video.

  • @commie22
    @commie22 3 роки тому +54

    All right, I’ve taken the cigarette outta my mouth and I’ve placed my goose sandwich safely away from the table. Ready to learn 😁

  • @maptoleto4822
    @maptoleto4822 10 місяців тому +1

    Большое спасибо!))
    ЭТО СУПЕР!

  • @xmadman19x
    @xmadman19x 3 роки тому +1

    Plays onnnnnnmme match vs polk and now hes a genious pff. Jk love the content and your genuine emotion!!! Keep em comin!!!

  • @realswagbetote
    @realswagbetote 3 роки тому +6

    You da real MVP Daniel.

  • @soumyachakraborty886
    @soumyachakraborty886 3 роки тому +1

    Hey Daniel ... Big fan
    One question ... When you went for the showdown value on J 10 vs J 9 hand ... what went through your mind ?
    I mean how did you decide that it's a good spot for showdown .... I tend to semi bluff on those kind of spots
    Learned a lot from your games .... would like to learn more ... :)

  • @danruth1089
    @danruth1089 2 роки тому

    Thanks Mr. Negreanu

  • @CoreyParks-tb2tt
    @CoreyParks-tb2tt 7 днів тому

    Daniel thank you I love poker I'm learning things I'm doing wrong

  • @pegasrio
    @pegasrio 3 роки тому +1

    Daniel, is 3betting small better than shoving on the AQ hand? 25 blinds i always 3bet shove. Maybe with this size u get more value and can have bluffs? I think its harder to play like this.

  • @Edfiki86
    @Edfiki86 2 роки тому

    JJ vs A-10 was dope

  • @jeffgemm5080
    @jeffgemm5080 3 роки тому

    Rubber fist is Matt Stout.... Apokerjoker2 is my buddy Ian Steinman...Doug Puke made a video about him folding a set of Kings to Joe McKeehen Joe rivered an A high straight ... Ian is a very good player!

  • @charliepetricone8974
    @charliepetricone8974 Рік тому

    Daniel I just came across this channel. I think it's so cool you play online with everyday people. One question, are you playing the same way while in a big money tournament? Also when I watch you play for real I don't know what you're thinking and watching this was great and helpful. Thank you!!

  • @bony182
    @bony182 Рік тому

    Thanks for the tips, I'm looking forward to getting started with online jobs! :P

  • @nghiado9895
    @nghiado9895 3 роки тому +1

    at 34:00 when you showed 99, I had the same 2 cards in a $15 tourney.

  • @momoneyttv
    @momoneyttv 2 роки тому

    Daniel “sticks it in” with pocket 10’s legendary

  • @mattholmes2808
    @mattholmes2808 3 роки тому

    almost won a seat in Vegas from online poker. I like watching your videos and poker night in America

  • @MagicFunnyGuy
    @MagicFunnyGuy Рік тому

    thanks Dan!

  • @ALF8892
    @ALF8892 2 роки тому +1

    You started playing super agressive right at the cut off for the money and in the ladder stages. Is that good for some reason like because the blinds are getting really high?

  • @bluebullet3402
    @bluebullet3402 3 роки тому +2

    In the first hand where u had pocket kings, why after the flop did u bet so little? I’m trying to learn your strategy there

  • @mrsinister8943
    @mrsinister8943 Рік тому

    It looks like every hand is a good hand your starting out with. If I started out with those hands I would be doing pretty good also. I actually would love to see every hand played even the bad hands or times you lost the hand. This video just makes it look too easy and you keep getting some good hands 😆 😆

  • @rljpdx
    @rljpdx 2 роки тому

    set on the river is so rare cause you usually give up your hand before you get there. but after donk raising it's the ultimate rush lol

  • @jerryglenn7323
    @jerryglenn7323 Місяць тому

    I believe you are one of the greatest.

  • @searchingformeaning6531
    @searchingformeaning6531 Рік тому

    Thanks!

  • @danielmurphy2760
    @danielmurphy2760 3 роки тому

    Hey Daniel, love the pic of Ungar in the background!!! What is it exactly

  • @thecenteroftheuniverse5982
    @thecenteroftheuniverse5982 3 роки тому +1

    How do these tournaments work? Are they playing with real money? Or is it representative of chips and there is a payout depending on where you placed?