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PokerStars Now Offers Spin & Go Lottery Tournaments

PokerStars Now Offers Spin & Go Lottery Tournaments 0001

PokerStars has entered the world of lottery Sit & Go tournaments with the launch of Spin & Go.

So-called lottery sit & go tournaments are the latest craze to spread around the online poker world. They are played three-handed and to a hyper-turbo blind structure, with the prize pool randomly determined shortly before the tournament begins. Payouts range between double the tournament’s buy-in and 1,000 times, which makes them an attractive proposition for recreational players who want the chance of winning a large prize in mere minutes.

Currently, PokerStars offers buy-ins of $1, $3, $7, $15 and $30 in its Spin & Go meaning the top prizes range between $1,000 and an impressive $30,000. Like Winamax’s Expresso and iPoker’s Twister Sit & Go tournaments, PokerStars’ offering is played to a winner-takes-all prize structure. However, should one of the top three prizes (100x, 200x and 1,000x) be randomly selected, PokerStars adds 20% to the prize pool and pays the runner-up and third place finisher with it.

For example, a $3 buy-in Spin & Go tournament randomly selects a prize pool of $600. The winner walks away with $600 while second and third place win $60 each. If this was one of the lower payouts of $12 then the winner would win $12 and the other finishers nothing.

One of the major concerns from players when this format first came to prominence was the rake charged per tournament. Hyper-Turbo formats are high-variance and this fact is exasperated by the winner-takes-all and random prize pools. Thankfully, PokerStars seems to have listed to players’ concerns and set the rake at 7% for $1 games, 5% for $3 games and 4% for all other buy-ins.

What are the chances of a big Spin and Go Prize?

As you can see from the tables below, the chances of hitting one of the top three prizes is remote at best, with players having a 0.005% chance of winning the 1,000 x payout. While this re-write the definition of longshot, it is the possibility of this huge payout that keeps the players flocking to them

$1 Spin and Go

PayoutProbabilityChance
$1,000*5 of 100,0000.005%
$200*10 of 100,0000.010%
$100*15 of 100,0000.015%
$2580 of $100,0000.08%
$101,000 of 100,0001%
$68,000 of 100,0008%
$413,510 of 100,00013.5%
$277,380 of 100,00077.38%

$3 Spin and Go

PayoutProbabilityChance
$3,000*5 of 100,0000.005%
$600*10 of 100,0000.010%
$300*15 of 100,0000.015%
$7580 of $100,0000.08%
$301,000 of 100,0001%
$188,000 of 100,0008%
$1216,510 of 100,00016.51%
$674,380 of 100,00074.38%

$7 Spin and Go

PayoutProbabilityChance
$7,000*5 of 100,0000.005%
$1,400*10 of 100,0000.010%
$700*15 of 100,0000.015%
$17580 of $100,0000.08%
$701,000 of 100,0001%
$428,000 of 100,0008%
$2813,510 of 100,00013.5%
$1477,380 of 100,00077.38%

$15 Spin and Go

PayoutProbabilityChance
$15,000*5 of 100,0000.005%
$3,000*10 of 100,0000.010%
$1,500*15 of 100,0000.015%
$37580 of $100,0000.08%
$1501,000 of 100,0001%
$908,000 of 100,0008%
$6013,510 of 100,00013.5%
$3077,380 of 100,00077.38%

$30 Spin and Go

PayoutProbabilityChance
$30,000*5 of 100,0000.005%
$6,000*10 of 100,0000.010%
$3,000*15 of 100,0000.015%
$75080 of $100,0000.08%
$3001,000 of 100,0001%
$1808,000 of 100,0008%
$12018,010 of 100,00018.01%
$6072,880 of 100,00072.88%

*These prizes also have 20% added to the prize pool, making the top prize pool essentially 1,200 times the buy-in

The new format is available on PokerStars’ mobile platforms and desktop clients meaning players can play for a big payday while on the move.

Have you played the Spin & Go games yet? What do you think of them? What is the biggest prize you’ve played for? Let us know in the comments box below.

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