$10 Million Guaranteed KO Series Heads to partypoker from June 3
$10 million is guaranteed to be won across 226 Progressive Knockout tournaments at partypoker between Jun. 3-10 thanks to the latest edition of the KO Series.
Progressive Knockout, or PKO, tournaments have grown in popularity in online poker circles because they give players the opportunity to win cash without the need to navigate their way to the money places.
Everyone starts with a bounty on their heads in a PKO tournament. Half of this bounty is collected as a cash prize and the other half is added to the winning player of the knockout hand when someone is eliminated. This creates a unique dynamic where players can become valuable targets as the value of their bounty increases and leads to some huge bounties being available in the latter stages of the tournament.
The tournament’s eventual champion gets to keep the bounty that is on their head, which often leads to a massive prize.
This latest KO Series features four Championship Events with combined prize pools of $2 million. Two of the KO Series Championship events are played on six-handed tables with the remaining pair being played on eight-handed tables with a “smooth” blind structure; partypoker’s smooth structure means the cost per round only increases by approximately 10 percent per blind level.
KO Series Championship Events
|KO Series #02-HR Championship Event 6-Max||Sun 3 Jun||$530||$500,000|
|KO Series #03-HR Championship Event Smooth||Sun 3 Jun||$500,000|
|KO Series #37-HR Championship Event 6-Max||Sun 10 Jun||$530||$500,000|
|KO Series #38-HR Championship Event Smooth||Sun 10 Jun||$500,000|
Bounties in partypoker’s PKO tournaments are bigger than ever before after Tom Waters, Managing Director for partypoker, took the unprecedented step of removing the rake from the bounty element of the buy-in.
Speaking to the partypoker blog, Waters said: “After reviewing feedback from the poker community and lobbying from our ambassador Patrick Leonard, we removed rake on the bounty element on all our PKO MTTs which began just before POWERFEST. We will hold this policy for six months with the intention to make this a permanent reduction to our pricing structure. We have over 350 PKO MTTs per week with guarantees of over $4 million, so clearly, we will need players continued support to remain competitive revenue wise with other online poker sites.”
Secure a welcome bonus of up to £250
Download partypoker via UK & Ireland PokerNews, enter the bonus code “UKPNEWS16” when making your first deposit at partypoker will match your initial deposit 100 percent up to £250. You’ll also receive up to 48-hours after making your first deposit, an additional bonus of between $10 and $100 worth of tournament dollars depending on the size of your deposit.
|Deposit amount||Welcome bouns|
|$50 to $99||T$10|
|$100 to $199||T$20|
|$200 to $299||T$30|
|$300 to $399||T$40|
|$400 to $499||T$50|