Party Poker is introducing what seems like a pretty new and unique concept — the Online Cash Game Championships.
There’s commonly big events for multi-table tournament players online. But cash-game players are generally limited to just playing different levels or games. That’s changing with Party Poker’s concept, in which $250,000 is up for grabs for cash-game players of all levels at the site starting on April 5th.
There will be seven levels, with a “final table,” in which the top six players over the course of the championship will play for a $40,000 top prize. In order to qualify to advance from level to level, you must play a minimum of 400 hands during a time period. Here’s how it works:
Level 1
$0.50-$1 no-limit hold’em, Dates: April 5-9
The top 30% of players advance, while the remainder will move on to a “second chance”
Level 2
$0.50-$1 NLH, April 12-16
The top 30% of players advance and earn $50 cash
Second Chance
$0.50-$1 NLH, April 12-16
The top 10% advance and earn $50
Level 3
$1-$2 NLH, April 19-21
The top 30% advance, earn $200
Level 4
$1-$2 NLH, April 26-27
The top 50 players advance, earn $400
Level 5
$2-$4 NLH, April 29-30
The top 18 players advance, and earn $1,500 (half as cash, half for level 6 table)
Level 6
$5-$10 NLH, May 3
The top six players, in terms of win rate, advance and earn $10,000 (half as cash, half for level 7 table)
Level 7
$25-$50 NLH, May 7
Players will be judged on win rate. Top prize is $40,000. Second gets $20,000, third gets $10,000
No rake will be charged at the final two levels, but will be charged in previous levels. Heads-up tables are not included in the promotion.
It will be interesting to see how well the concept works, and if it migrates to other sites, if successful. We’ll have more reports during and after the championships.
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