How it works at the table
MTT stands for Multi-Table Tournament. Every entrant pays the same buy-in and receives the same starting stack. Blinds (and often antes) rise on a fixed schedule, eliminated players leave, and the remaining players are moved between tables so they stay balanced. The event ends when one player holds every chip. Only a portion of the field finishes "in the money", and the payouts grow steeply towards the final table.