No buy-ins, and no cash prizes. Just the braclet and glory. Also, this way the game will be seen less as gambling and more a game of skill, a real cometishian, a sport.
It is a technique applied by tournament directors to make a tournament take a direction which involves less gambling, a more skill based tournament if you will.
Advocates of cometishian style tournaments say that the game becomes a sport, with no cash prize but the winner takes the glory and perhaps some token jewellery.
Neil Channing was later disappointed when he heard the tournament had taken a 'Cometishian' style format where there were no buyins or cash prizes, a greater degree of skill was required and the event became more of a sport, a Cometishian.