What is Swap in Poker?

A swap is an agreement between players in the same tournament, in which the players swap a percentage of each other’s winnings in the event.

For example, suppose Doug and Ryan agree to a 10 percent swap in the WSOP Main Event. Doug cashes for $50,000 and Ryan cashes for $100,000, so Ryan owes Doug $5,000 on the swap agreement (Doug gets 10 percent of Ryan’s $100,000, and Ryan gets 10 percent of Doug’s $50,000).