Just the tip.

Tournament betting is the new way to bet, throw in the social nature of the SportChamps platform and you've got the way to bet all weekend/weekday/Christmas dinner without breaking the bank but also giving yourself a red hot crack at some cold hard cash.

Have a go at some spuds in the process for some extra fun.

1. GET IN WHEN IT'S COMPETITIVE

When's that? It could be anytime, but obviously the start of the tournament is the best time to be involved, it gives you the most time to establish yourself high on that leaderboard. Remember at SportChamps you only need to be in the top 40% to win.

OTHERWISE check out some tournaments that are about to end. Is it close at the top? Jump in and pick them off. The current tournament inhabitants won't like you for it, but they've had a while to build up their balances so only have themselves to blame.

2. CHOOSE A STRATEGY AND STICK TO IT

We've more than comprehensively covered tournament betting across our blog. Check out our racing strategies and our AFL/NRL tournament strategies.

3. DON'T BE AFRAID OF A REBUY

If you've taken an aggressive approach at the start you'll have a rebuy as part of your strategy. If it's early on, or as above if it's competitive, a rebuy might be a smart move to jump up the leaderboard quickly.

4. TAKE ADVANTAGE OF FREE TOURNAMENTS

Everyone at SportChamps gets 7 free tournaments when they first sign up. You can get a few handy bucks to rollover into a $25 or $50 tournament if you play your cards right!

5. REFER SOME MATES!

Nothing like some easy Bonus Cash. SportChamps rewards you AND your mate $25 once a your friend (that has signed up through the SportChamps referral program) deposits $20. Head straight into a tournament and gets some free cash when you win!