$10 Million Guaranteed KO Series Heads to partypoker from 3rd June 2018
This was published 29-05-2018An amount of $10 million is guaranteed to be won across 226 Progressive Knockout tournaments at partypoker between the period 3rd and 10th June 2018, courtesy of the latest edition of the KO Series.
Progressive Knockout, or PKO, tournaments have gained a lot of popularity in online poker circles due to the fact that they give players a chance to win cash without the need to navigate their way to the money places.
All participants begin with a bounty on their heads in a PKO tournament with half of the bounty collected as a cash prize and the other half added to the winning player of the knockout hand when someone is eliminated. This results in a special dynamic where players can become valuable targets as the value of their bounty increases and leads to some huge bounties being available in the later stages of the tournament.
The eventual champion of the tournament gets to keep the bounty that is on their head, which often results in a lucrative prize.
Ever since Tom Waters, Managing Director for partypoker, took the novel step of removing the rake from the bounty element of the buy-in, the bounties in partypoker’s PKO tournaments are bigger than ever before.
Waters revealed that after feedback from the poker community and lobbying from their ambassador Patrick Leonard, they removed rake on the bounty element on all their PKO MTTS which began just before POWERFEST.
Leonard added that they will hold this policy for six months with the intention to make this a permanent reduction to their pricing structure.
He went on to say that there are over 350 PKO MTTs per week with guarantees of over $4 million, so they will clearly need players continued support to remain competitive revenue-wise with any other online poker sites.
Payers are given the opportunity to download partypoker via UK & Ireland Poker News, enter the bonus code ‘UKPNEWS16” when making their first deposit and partypoker will match their first deposit 100% up to £250. Within 48-hours after making their first deposit at partypoker, players will also receive an additional bonus of between $10 and $100 worth of tournament dollars, depending on the size of their deposit.
