There are two types of Leader's Hats:

Knockout Leader Hat

Awarded for the most knockouts throughout the tournament and counted at the beginning of every hand. A knockout is zeroing your opponent's stack in hands where you are the winner. The winner of the Knockout Leader Hat Competition is the player who has the most knockouts during the whole tournament.

Chipleader Hat

Awarded for the highest chip stack in the tournament and counted at the beginning of every hand. The winner of the Chipleader's Hat competition is the player who had the highest number of hands with Chipleader's Hat.

Important call-outs:

The competition ends at the moment when only two players are left in the tournament. A player can wear both Hats at a time. It is also possible that a player wins two competitions at once. There may be more than one winner in each Leader Hat Competition. Track your current place in the Leader Hat competition through the leaderboard. The reward for any victory in a Leader Hat Competition will be a ticket to the tournament. See the tournament description for details.