Freezeout

Also known as: Freeze-out, Freeze Out

A tournament format where busting once eliminates you for good — no buying back in. Every chip is irreplaceable, so survival matters more.

One bullet, no second chances

A freezeout is the simplest tournament format: you get one entry, and the moment you bust you're out — no rebuy, no re-entry, no second bullet. The classic WSOP Main Event is a freezeout.

The strategic consequence is that your chips are irreplaceable. In re-entry events you can reload, so chip-EV roughly equals dollar-EV early and gambling for a big stack is cheap. In a freezeout every chip you lose is gone for good, which raises the ICM/survival weight of your stack even far from the money.

Net: shade a touch tighter than the same spot in a re-entry, especially in marginal coinflip-for-stacks situations.

Example

Level 2, you flop top set but face a raise that puts the action all-in for 60bb with a clean draw to beat you. In a re-entry, calling the flip is trivially fine — you can fire another bullet. In a freezeout, that same flip ends your tournament if you lose, so the survival cost is real; you can correctly pass marginal coin-flips you'd snap-take with a reload available.