Party Poker is supporting its forthcoming PowerFest series with a stack of promotions worth more than $300,000 and players who wish to take advantage of the most valuable opportunities should not wait until the start of the series to visit the site.
Party Poker´s seventh PowerFest tournament series gets underway on Sunday and it promises to be a great event. The series consists of 147 tournaments packed into two weeks of action, guaranteeing more than $15 million in prize money.
Buy-ins for the tournaments start at just $2.20, giving players of all bankrolls the opportunity to take part in the series. Many are already taking advantage of the comprehensive satellite schedule in an attempt to spin up their bankrolls into life-changing amounts.
As with [geolink href=”https://www.pokernewsreport.com/party-pokers-powerfest-the-place-for-overlays-21694″]previous PowerFest series[/geolink], we anticipate significant overlays in many of the events. However, players should not wait until the start of PowerFest VII to visit Party Poker, as this week the site started running a stack of potentially valuable promotions to support the series.
PowerFest Deposit Prize Draw
The first promotion to mention is the PowerFest deposit prize draw. This promotion has already started and awards players who reload their accounts before midnight (CET) on Thursday with a ticket into one of three prize draws. The draw you are entered into depends on the amount of the deposit:
- Low Draw: All players making a deposit of between $100 and $499 will be entered into a prize draw with the opportunity to win tickets for every Low buy-in PowerFest event.
- Mid Draw: All players making a deposit of between $500 and $999 will be entered into a prize draw in which they can win tickets for every Mid buy-in PowerFest event.
- High Draw: All players making a deposit of more than $1,000 will be entered into a prize draw with tickets worth $20,000 to a selection of PowerFest events.
There is only one prize available in each draw, and players can enter each draw multiple times to increase their chances of winning by making multiple deposits. The draw takes place on Friday (19th January) and every player who fails to win one of the three prizes will be entered into a consolation $25,000 freeroll tournament scheduled for Sunday.
PowerFest Golden Chip Promotion
One of the reasons the PowerFest satellites are proving so popular is that the first 100 players to book their seats in any of the three PowerFest Main Events will be awarded a Golden Chip. If any player that has been awarded a Golden Chip goes on to win their respective Main Event (all three take place on Sunday February 4th), they will receive an additional boost to their winnings:
- $22.00 buy-in Low Main Event ($100,000 guaranteed) – Golden Chip pays $5,000.
- $215.00 buy-in Mid Main Event ($1 million guaranteed) – Golden Chip pays $10,000.
- $2,100.00 buy-in High Main Event ($1 million guaranteed) – Golden Chip pays $15,000.
PowerFest Main Event Satellite Promotion
If the Golden Chip promotion was not sufficient to make you consider qualifying for one of the Main Events in advance, maybe the Satellite Promotion will. This promotion is open to players who play in Mid and High Main Event satellites, who will be awarded leaderboard points according to their finishing positions and the satellite buy-in.
Players who finish in the top five positions on either leaderboard when the promotion closes on Thursday 1st February will share in $34,725 in cash prizes. The qualifying satellites for this promotion are clearly marked in Party Poker´s satellite lobby with either an “[M]” for the Mid Main Event or an “[H]” for the High Main Event.
PowerFest Leaderboard Promotion
As usual, Party Poker will be running three leaderboard competitions throughout the PowerFest series. During the promotion, players will be awarded leaderboard points according to their finishing positions in PowerFest events. The points will accumulate on either the Low, Mid or High leaderboard according to the cost of the buy-in.
At the close of the series, the top 150 players on each leaderboard will win a cash prize. There is $170,000 in total to be won, with the winners of each competition receiving $2,000 (Low), $5,000 (Mid) and $10,000 (High). Even if you perform well in only a couple of PowerFest events, you could end up winning some extra cash depending on how many players compete in each tournament.
Double Cash Back Points on PowerFest Events
On Friday 26th January, Saturday 27th January, Friday 2nd February and Saturday 3rd February, Party Poker will award double cash back points for all tournament entry fees paid to enter PowerFest events (please note satellites do not count). These will be added to players´ existing cash back points balances to enhance how much cash back they receive.
It has also been announced that Party Poker will be running double cash back Happy Hours from this week until the end of the month. The Happy Hours run from 7:00pm to 8:00pm (CET), 10:00pm to 11:00pm (CET) and one random hour during the day that will be announced via social media. During the Happy Hours, players will be awarded double cash back points for all their action on Party Poker´s regular and fast-forward cash game tables (heads-up excluded).
PowerFest Mission Freerolls
The final PowerFest promotion encourages players to compete in as many PowerFest events as possible in order to qualify for one of four freeroll tournaments that will be played on Sunday 21st February. Which freeroll tournament each player qualifies for will depend on the number of PowerFest events they have played in (satellites are excluded):
- Players who enter between five and nine PowerFest events will qualify for a freeroll tournament with a $500 prize pool.
- Players who enter between ten and fourteen PowerFest events will qualify for a freeroll tournament with a $1,000 prize pool.
- Players who enter between fifteen and nineteen PowerFest events will qualify for a freeroll tournament with a $2,500 prize pool.
- Players who enter twenty or more PowerFest events will qualify for a freeroll tournament with a $5,000 prize pool (manual registration is required for all freeroll tournaments).
An Important Note for First-Time Depositing Players
If you have not yet made your first deposit at Party Poker, and you are considering funding your account ahead of the PowerFest series, you will not be able to claim both a first deposit bonus and a prize draw entry at the same time. We recommend making your initial deposit using the [geolink href=”https://www.pokernewsreport.com/party-poker-bonus-code”]Party bonus code “PNREPORT”[/geolink] (in order to qualify for the first deposit bonus) and then making subsequent deposits to qualify for the PowerFest Deposit prize Draw.