A Slot tournament is where a collection of solitary slot machine players all work collectively to earn cash or prizes after all paying a small fee. The idea of a tournament was introduced in the land based casino to encourage more people to play the slot machines as a taster to the more serious forms of gambling. Paying an entry fee, which is usually small depending on the number of people entering, is all that is needed. The players are then required to play the slots for the allotted time, and the players who have won the most money will then win the tournament.
For a Slot Tournament in an online casino, MEGAGAME the entry fee is generally small, although it can be up to £100 for the high ranking games, and you then receive a large sum of money that you use for playing in the tournament. This way, the casinos entice the players into entering the money, and they will receive the house cuts from the slots either way, so nobody really loses out. The tournament rules will state a set time period, whether it goes by day, or by time is up to the casino.
In that time period, the money from each win or loss is automatically calculated, instead of it being done by officials at the casino (which often means that it is more accurate), on a leader board that can be found on the site. After the time is up, (although you do not have to continue playing all the hours in the tournament) the player who has succeeded in gaining the highest winnings will win the tournament, and may possibly win more than a solitary player would. It is possible for a tournament to have ranking rules, where there is more than one player who will win part of the prize money depending on their ranking.