Party Poker to Increase Title Fight Guarantee
Party Poker has announced it will increase the guarantee for its feature Title Fight tournament each time the previous week´s guarantee is beaten.
The Title Fight is Party Poker´s headline weekly tournament. Each Sunday at 7:00pm (GMT), hundreds of players pony up the $215.00 buy-in for the heavyweight tournament and join the hundreds of players who have qualified for the event via Party Poker´s comprehensive satellite schedule.
Since the Title Fight event was launched last November, the guaranteed prize pool for the event has always been $300,000. Now the site has announced it will increase the guaranteed prize pool by $25,000 each time the guarantee is beaten. Last night´s tournament beat its guarantee by $2,000, so next week´s Title Fight event will have a guaranteed prize pool of $325,000.
About Party Poker´s Title Fight
Party Poker´s title fight tournament regularly attracts around 1,500 entries due not only to its guaranteed prize pool but because of its attractive structure. Players start with a generous 30,000 chip stack to negotiate 15-minute levels with blinds starting at 75/150 (ante 25).
Late registration is open for four hours – at the end of which the blinds are 1,200/2,400 (ante 400). Two re-entries per player are allowed during the late registration period, after which the Title Fight event continues in a freezeout format. The tournament typically lasts ten to twelve hours, after which one lucky player will walk away with a first prize in excess of $60,000 unless a deal is made at the final table.
What Happened in Last Night´s Event?
Last night´s event attracted 1,510 entries by the time late registration closed – creating a prize pool of $302,000. 198 players cashed in the event for a minimum of $419.17 and by the time the game had reached its final table stage each player was assured of $3,110.60.
Despite the presence of some heavyweight regulars (Simon “Sirocko” Christensson finished in seventh place and Perry “frokennatur” Mejsen finished in third place), the heads-up was a “little guy” dual between Roy “Wash_My_Willy” Young and Peter “Mr_p_ness” Ness. Young ($42,731.26) eventually took down last night´s Title Fight event after the two players split first and second place prize money.
How High Will the Guarantee Go?
As a result of last night´s action at Party Poker, next Sunday´s Title Fight event will start with a guaranteed prize pool of $325,000. If the guarantee is beaten, the Title Fight event on Sunday 26th February will start with a guaranteed prize pool of $350,000. But how high could the guarantee go?
In the blog post announcing the new guarantee structure, it was suggested that the guaranteed prize pool for the Title Fight event could reach $500,000 – or even $1 million. Although the latter figure seems incredibly optimistic, nowhere in the blog post was it suggested that the guarantee would be reduced if it were not met. This would imply that, over a period of time, a $500,000 prize pool is realistic.
Could the Increasing Guarantees Result in Overlays?
Absolutely. If, for example, the guarantee was to increase for each of the next four weeks, each tournament would start with a prize pool of $400,000. It is not inconceivable that when a major online tournament series – such as PokerStars´ SCOOP takes place – the number of players taking part in Party Poker´s feature tournament could fall back to its current levels – resulting in a $100,000 overlay.
There is also likely to be fewer players around to take part in the Title Fight event when Party Poker heads to Nottingham for the climax of the Party Poker MILLIONS in April. Many of the players who cashed in high positions in last night´s Title Fight event have already booked their seats in Day 1 of the live event, and many more are expected to qualify or buy-in directly over the next two months.
The potential for massive overlays is an excellent reason to start playing at Party Poker. And here is another. If you register an account after following our links, and fund your account using the Party Poker bonus code “PNREPORT”, you will be entitled to a 100% first deposit bonus up to $500. This bonus offer is not directly available through the site, and would give you sufficient free poker money to buy into two Title Fight events!