Flawless Poker
THE COMPETITIVE FRONTIER · INTERMEDIATE

What Is Risk Premium in Poker?

Extra equity required to risk elimination in a tournament compared with a chip-only calculation.

Sign in to save this term ↗

What it means

Payout structure and relative stacks can make a call worth less in prize equity than in chips.

AT THE TABLE

A practical example

Near the bubble, a covered player may need a stronger hand to call a covering stack's shove.

Where you will hear it

Tournament. The exact usage can vary with rules and context.

Related concepts

Independent Chip ModelA model that converts tournament chip stacks and a payout structure into estimates of prize equity.Explore ↗BubbleThe point just before a tournament pays or reaches another significant payout threshold.Explore ↗Pay JumpAn increase in prize money between finishing positions.Explore ↗Final TableThe last table remaining in a multi-table tournament.Explore ↗Tournament EquityAn estimate of a player's share of a tournament prize pool.Explore ↗

Keep learning

Study this idea in a wider poker context, then return to the dictionary whenever a term needs a closer look.

Explore Tournament Terminology Galaxy in Poker Galaxy ↗Read NLHE Tournament Study Guide (PDF) ↗

Published 2026-10-15 · Updated 2026-10-15 · Flawless Poker Cosmic Codex