KO Series Returns At partypoker With Over $10M+ GTD
The popular partypoker KO Series is back! Running from February 2-16, the online tournament series will feature a massive $10 million in guaranteed prize pool, spread across a total of 230 tournaments.
All of the tournaments will be played in progressive knockout (PKO) format, which means players will still get the chance to take home some cash, despite not finishing in the money.
Players can choose from different buy-in levels, namely Micro, Low, Mid, High, High Roller and Super High Roller. This gives participants plenty of opportunities to win big, regardless of their bankroll. The tournaments also come in various formats, such as 6-Max, 8-Max, Mix-Max 6-4, Mix-Max 8-6, Battle, as well as Pot-Limit Omaha PKO.
Across two weeks of action, there will be eight main events, four PLO, and four 8-max no-limit hold’em events. There will also be four NLHE events running daily, with guarantees of between $20,000 and $500,000. The buy-ins for these events begin from as low as $5.50, all the way up to $2,100.
A total of four PLO events will also take place each day, with the same buy-in range as the daily NLHE events. Guarantees up for grabs start from $5,000, to $200,000. Players can take part in the Main Events for as low as $2.20. The highest buy-in is $2,100, with up to $500,000 in guarantees on offer.
PKO is played differently from other poker formats because the entire buy-in does not go directly towards the prize pool. Half of it is placed on each player’s initial bounty. You earn half of the bounty everytime you eliminate an opponent, while the other half is added to your own head. Players usually target the opponent that carries the bigger bounty.
When the dust settles, the last surviving player walks away with the top prize, plus his or her own bounty.
While PKO is mostly played in similar fashion in most of the online poker sites, what sets partypoker apart is that the operator does not deduct any rake fee on the buy-in’s bounty element, resulting in bigger bounties and lesser rake charged on the entire tournament. The first and runner-up finishers also take home almost the same winnings, with a difference of just a few dollars. Thus, the heads-up battle is mainly focused on who wins the final bounties.
Those who like to get in on the action for a fraction of the price can take part in satellites and SPINS which are currently running on partypoker.