Elimination tournaments are more popular than non-elimination today. In this format, no players are eliminated - they simply win or lose at the end. In non-elimination tournaments, every player is competing against all of the other players at all of the tables and they are trying to win the most money after a certain number of rounds. UltimateBet, a sponsor of the Ultimate Blackjack Tour, offers online elimination blackjack tournaments. The game combines the rules of blackjack with the betting elements of No-Limit Texas Hold'Em and is played exclusively on the Ultimate Blackjack Tour. Elimination blackjack was invented by poker player Russ Hamilton. A round of elimination blackjack is usually about 30 hands in length. All of the other players are eliminated from the tournament. In elimination tournaments, players at each table compete against only the players at your table and the player with the most money at the end of the round advances to the next table.

Tournaments are played in two different formats - elimination and non-elimination. There are enough 100% payout tournaments that you can ignore any tournaments that pay out less than 100%. The prize pool for a tournament is usually 100% of the entry fees paid by the players. They add an element of competition since you are playing against other players and not against the dealer. Blackjack tournaments have become more popular over the last 3 years or so.