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The Bubble refers to the cut off point between players that get paid money and players who receive no payout in a given poker tournament.
Usually a tournament will pay the top 10%-20% of players, so that in a field of 100 players the tournament may only pay 10 places. The last player eliminated before receiving a payout in a tournament has burst the bubble, and the remaining players will all receive a payout.
The final-table bubble means finishing one position short of the final table.
Want to learn the strategic value of playing on the bubble in poker? Read this guide:
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