The good folks at Party Poker have solidified dates and guaranteed prize pools for the upcoming online poker festivals of the KO Series and POWERFEST IX.
The KO Series will run from February 3 thru 17 and feature combined guaranteed prize pools of $15 million. But that’s only the prize money for finishing in the money. Millions more will be paid out in bounties to the players who knock out their opponents.
All of the tournaments will be played in the Progressive Knockout (PKO) format, a style that continues to gain favor among online poker players. Each player begins the event with a bounty on their head, which is collected by the player who manages to eliminate them from the tournament.
The bounty gained by the player who sends opponents to the rail is typically divided in half. One half of the amount is kept by the player as winnings, while the other half is added to the head or bounty of the same player.
What results is increased bounties on the players who run deep in tournaments, and increased winnings for players who eliminate a lot of their opponents. You can turn a profit in the event without actually collecting any of the prize money simply by knocking out your tablemates.
Party Poker has yet to confirm the complete schedule and all the buy-ins for the KO Series. But we do know that the dates are Feb. 3-17 and that there will be no rake on the bounty portion of the buy-in, which has become standard in bounty tournaments at Party Poker – but not at all other poker sites.
Players can anticipate a wide range of buy-ins available for the KO Series. Low stakes players to high rollers are expected to have plenty of tournaments to choose from.
A large variety of entry fees is also confirmed for the ninth edition of POWERFEST, Party Poker’s flagship MTT series that will be held on March 31 thru April 14. Just like the Powerfest from last year, a total of $20 million in guaranteed prize money will be up for grabs.
An assortment of structures and games is part of the POWERFEST agenda, although a complete schedule has yet to be released. What is known is that Party Poker regulars are crazy about POWERFEST, as is evidenced by the number of installments hosted by the growing poker room.
Also in the mix – and likely to be scheduled somewhere in the middle of the KO Series and POWERFEST IX – is the Monster Series that will run for eight days and pay out $2.5 million in guarantees. Known to offer monster-sized prize pools compared to the tiny buy-ins required to grab a seat, the Monster Series has been a favorite among low stakes players in previous installments.
The dates for the Monster Series are expected to be announced soon. Watch this page for further details, but circle your calendar for the KO Series from Feb. 3-17 and POWERFEST IX from March 31-April 14.