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Cost: The cost of playing in a craps tournament can range from a free entry and a low buy in to an expensive entry fee with a high buy in. The prizes, needless to say, are corresponding; the higher the entry fee the larger the grand prize. The free tournaments are usually held on a weekly basis for promotional purposes while the high stack tourneys are pre scheduled, last for more than one day and their expensive entry fees include a cocktail party, free accommodation and other freebies.
Competition: Evaluating the level of the competition you are going to face in advance can be tough. However, the number of entrants allowed to take part in the tournament can give you a basic indication on the level of the competition.