PartyPoker today released all the details for the upcoming $ 10 million KO series, which will run for 8 days from June 3rd to 10th.
The tournament schedule consists exclusively of progressive KO tournaments with five different buy-in levels; High Roller, High, Medium, Low and Micro. The tournament buy-ins range from $ 0.55 in the Micro category to $ 1050 for the High Roller Championship events.
In Progressive Knockout tournaments everyone starts with a bounty on their own heads. If a player leaves the tournament, half of that bounty is immediately awarded to the winner in the knockout hand and the other part is placed on the same player’s head. This means that in the last stages of the tournament, some huge bounties are distributed among the remaining players.
The KO Series has four Championship events with a combined prize pool of $2 million.
|KO Series #02-HR [Championship Event – 6-Max]||Sunday 3rd Juni||$530||$500,000|
|KO Series #03-HR [Championship Event – Smooth]||Sunday 3rd Juni||$1,050||$500,000|
|KO Series #37-HR [Championship Event – 6-Max||Sunday 10th Juni||$530||$500,000|
|KO Series #38-HR [Championship Event – Smooth]||Sunday 10th Juni||$1,050||$500,000|
partypoker Ambassador Patrick Leonard said: “After the success of the first KO Series and the feedback we got from the players it was certain partypoker were going to run it again. When we initially offered PKO tournaments I was generally against the format, I thought it took the ‘pureness’ out of tournament poker, but because of the insane popularity I was forced to play because the prizepools were so big! To my pleasant surprise I loved them, people played way looser and there was a lot of action. They feel very fun to play and a proper designated KO series is the logical thing to do. I’m really excited for it and knocking my friends out with some pretty hands instead of strong ones!“
All PKO tournaments are rake free on the bounty element, since partypoker’s Managing Director Tom Waters made the decision nearly 1 month ago.
Tom Waters Business Manager of PartyPoker said:“After reviewing feedback from the poker community and lobbying from 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.” Tom Waters commented.
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