When it comes to playing poker, there are generally two different kind of games played. The first is a cash game. This means there is one table with individuals coming and going as they please. The second is a tournament, with often multiple tables going on at the same time. In large tournament play, there might be dozens of tables going on.
When playing in a cash poker game, you exchange your money for chips. You can come to the table with as much or as little as you want. Every player is going to come to the game with a different amount of chips. However, in a tournament, every player pays the same amount to enter the tournament and are usually given the same amount of chips so there is no advantage. There might be slight variations to the rule of how many chips a player receives in a tournament, but in general, every player receives the same amount.
With a cash game, you are able to quit at any time you decide. When you leave, you can then exchange your chips back into cash. However, this is not the same with a tournament. In tournament play, you sit at the table until either you are out of chips or you have won. There is only one winner in tournament play per table. Instead of cashing out, you are paid money based on your final position in the end of the tournament. The longer you last, the more likely you receive more money during the payout. If you are out of chips in a cash game, you are always able to buy yourself back in. However, once you are out of chips in a tournament game, you are out and done for the tournament completely.
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