Tournaments take place over a span of a month and anyone can join! You are allowed to cast a maximum of 15 times per day for each tournament you signup for, with a 20 6 second waiting period between each cast or, if you have ever purchased Red Love Chum before, an 8 second shorter wait. Tournaments are catch/release, so you do not receive gold or silver for any of the fish you catch - however you will earn the points once officially released.