# Mystery Bounty

> Source: [Mystery Bounty in the Smarter.Poker Glossary](https://smarter.poker/glossary/mystery-bounty)

## Definition
A Mystery Bounty Is A Tournament Format Where Knocking Out An Opponent After The Bounty Phase Begins Awards A Sealed Envelope Or Random Prize Draw Instead Of A Fixed Cash Amount. Prizes Range From One Minimum Bounty Up To A Jackpot Worth Ten Percent Or More Of The Total Prize Pool, Dramatically Increasing Late-Stage Shoving And Calling Incentives.

- **Category**: Live Room
- **Term Code**: `mystery-bounty`
- **DefinedTermSet**: [Smarter.Poker Poker Glossary](https://smarter.poker/glossary)

## Related Poker Terms

- [ICM (Independent Chip Model)](https://smarter.poker/glossary/icm) ([Markdown](https://smarter.poker/glossary/icm.md)): ICM, The Independent Chip Model, Converts Tournament Chip Stacks Into Shares Of The Remaining Prize Pool. Because Chips Lost Hurt More Than Chips Won Help Once Payouts Are Close, ICM Tells Players To Tighten Their Calling Ranges Near The Bubble And At Final Tables. It Is The Standard Tool For Tournament Deals And Late Stage Push And Fold Decisions.
- [Equity](https://smarter.poker/glossary/equity) ([Markdown](https://smarter.poker/glossary/equity.md)): Equity Is Your Share Of The Pot Based On How Often Your Hand Would Win If All Remaining Cards Were Dealt With No Further Betting. A Hand With 40 Percent Equity In A 100 Chip Pot Owns 40 Chips Of It On Average. Equity Against A Whole Range, Rather Than One Hand, Is What Drives Sound Decisions.
- [EV (Expected Value)](https://smarter.poker/glossary/expected-value) ([Markdown](https://smarter.poker/glossary/expected-value.md)): Expected Value, Or EV, Is The Average Result Of A Decision If It Could Be Repeated Many Times. Each Possible Outcome Is Multiplied By Its Probability And The Results Are Added Together. A Positive EV Play Earns Over Time Even When It Loses On A Given Hand, Which Is Why Good Players Judge Decisions By EV Rather Than Results.
- [Effective Stack](https://smarter.poker/glossary/effective-stack) ([Markdown](https://smarter.poker/glossary/effective-stack.md)): The Effective Stack Is The Smaller Of The Stacks Between Two Players In A Hand, Because Nobody Can Win Or Lose More Than That Amount From The Other. If One Player Has 300 Chips And The Other 80, The Effective Stack Is 80. Strategy Depends On Effective Stacks, Not The Size Of Either Player's Own Stack.

## Practice On Smarter.Poker

- [Club Commander](https://smarter.poker/hub/commander): Live Poker Room Waitlists, Game Boards And Tournament Clocks.
- [Club Commander Guide](https://smarter.poker/features/club-commander): Feature Specification For Cardroom Waitlists And Tournament Clocks.
- [Poker Near Me](https://smarter.poker/hub/poker-near-me/lobby): Find A Live Poker Room And Its Games.
- [Poker Near Me Guide](https://smarter.poker/features/poker-near-me): Live Poker Room And Tournament Discovery Specification.

## Compliance & Fair Play

There Is No Real-Money Gambling On Smarter.Poker: Club Chips Are Play Credits With No Cash Value, And Diamonds Are A Promotional Rewards Currency.