What is a guaranteed poker tournament?

Guaranteed poker tournaments usually have a guaranteed prize pool, for example $2000 guaranteed. Some rooms make add-ons applicable, so there is a possibility to buy chips (unlimited buy before 1st break; one buy during 2nd break no matter how many chips the player has). The money for add-ons goes to the prize pool, so if there are more buy-ins than guaranteed prize pool, the total money pool increases according to the add-ons amount. This is very good, because winners recieve more than stated before the tournament starts.

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Liz Lieu
http://twitpic.com/qo7ea - Seat open :) flight's been delayed due to crappy weather!
24 minutes ago
Scott Ian
@deathoftheparty it does. I'll send you my Ping name.
26 minutes ago
Scott Ian
Be a friend! You'll feel good about yourself after. www.myspace.com/pearl #fb
29 minutes ago
Joe Sebok
@runwicked this job was made for me. where do i send my resume?
41 minutes ago
Daniel Negreanu
An old clip of Mommy cooking and stuff on ESPN Funny and cute! http://www.youtube.com/watch?v=eE5r8B1nqdg
53 minutes ago