PokerStars to pay out more players in most of the poker room’s MTTs. Daniel Negreanu feeling confident about the Poker Masters. Check out these stories and more in the Thursday Hit and Run.

PokerStars MTT Payouts Changing

PokerStars announced today via their blog that many PokerStars tournaments will begin paying out deeper payouts effective September 11th. With the change, most tournaments will now be paying 2 percentage points higher. Instead of paying between 12% to 18% of the field, PokerStars will now pay between 14% to 20% of players. The changes will effect some 70% of PokerStars tournaments.

Tournaments such as progressive knockouts, high buy-in tournaments and tournaments that already pay 20% of the field. The move represents a change from 10% payouts in many tournaments in the mid 2000’s to a gradual move towards flatter payouts that reward players more frequently. Because flatter payments pay more players, they are generally seen as more friendly to casual players.

In the statement announcing the changes, PokerStars says that overall the changes should be welcomed by players. “The changes will be subtle and most players will only notice when they realize that they’re experiencing the thrill of cashing a little more often. It’s been years of tinkering to get to this point, and we’ll keep working to create the best overall playing experience.”

Quick Hitters

– Daniel Negreanu has booked almost $1 million in side bets for the upcoming Poker Masters. A total of 19 players have thus far put up $50k on winning a Poker Masters Purple Jacket, which is awarded to the player who wins the most money over 5 events during the Poker Masters series. If Negreanu were to win the Poker Masters jacket, he would win an extra $950,000. Poker Masters will be streamed on Poker Central beginning September 13th.

– Seven PokerStars WCOOP events were held during Day 4 of the series. “flauschi16” was the big winner of the day with a $197,978 score in the $530 Half-Price Super Tuesday.

– The deadline to file for Absolute Poker and Ultimate Bet refunds is today. There is hope that the first wave of payments will begin arriving within a few weeks. If you had a balance at Ultimate Bet or Absolute Poker at the time the site shut down, make sure to submit a claim through AbsolutePokerClaims.com.

– Grinderschool.com poker training video of the day is a look at Understanding Your Ranges in 6-max Zoom tables.