Lately, it seems that online poker players are running out of good poker action opportunities, with many tournaments either cancelled or down for the foreseeable future.
That said, at least Ignition Poker continues to be a steady and reliable bastion of fantastic online poker tournament opportunities. So, if you’ve been starved for great online poker tournament action, or have just about given up on finding the ideal online poker tournament for you, it’s time to check out the Ignition Poker Progressive Knockout Series. Read on to learn more about how this exciting online poker tournament works, what you can expect to gain from it, and how to enter.
If you are new to playing poker online, or simply not used to the PKO format, here’s where we show you how it all works. PKO simply stands for ‘progressive knockout’ and it’s an extremely exciting and dynamic online poker tournament format.
The progressive knockout tournament format is really quite easy once you understand how the basic elements work. The PKO works on what they call a ‘bounty’, and each player that enters the tournament gets one.
To enter the PKO online poker tournament, a player will need to ‘buy-in’, just like any regular online (or real world) poker tournament. However, with the PKO, the tournament buy-in price is divided, with half of the amount going towards the tournament prize pool, and the other half becoming the player’s bounty.
If the player happens to eliminate another player from the tournament, they will get half of that player's bounty as a prize, and the other half will then become part of their bounty.
Here’s where it gets even more interesting. If that player happens to be good enough to eliminate a lot of other players, he can easily collect a substantial payout. This is in spite of whatever the payout position, or the ‘money bubble’ happens to be. On the other hand, by accumulating a lot of wins, they also end up substantially increasing the bounty on their head, which can end up making them a big and juicy target for other players.
Let’s look at an example:
Let’s say ‘Bobby B’ enters the PKO tournament with a $50 + $5 buy in.
Based on the above simplified scenario, it’s easy to see how the Ignition Poker PKO Series is set to become the most dynamic and most exciting online poker tournament on the web. This knockout format requires players to develop an entirely new set of strategies, to knockout and collect the bounties of other players
It’s also worth noting that the Ignition Poker PKO Series will usually designate the amount of the buy-in to be allocated to the player’s bounty. In other words, if the tournament buy in is set to $50, but the tournament is listed as a $10 PKO, this means that, of that $50, $40 will go towards the tournament prize pool, while $10 will go to the players bounty. On the other hand, if the PKO tournament does not include any designation like this, you can assume that the split will be fifty fifty.