A Quick Guide to Poker Formats (part 2)
Progressive Knockouts are a relatively new and very popular twist on normal MTTs, in which each player has a portion of their buy-in placed not into the overall prize pool but onto their own head as a bounty. When another player eliminates this player, they gain half of the bounty immediately to their bankroll, and the other half is added to their own bounty. The final winner of a Progressive Knockout (PKO) MTT will keep their own bounty as well as the 2nd place finisher’s bounty, making for a big difference in payout.
PKOs limit your overall potential ROI as they spread funds out more widely across the player pool, as a result they also lower variance somewhat (as you can cash before getting in the money (ITM)). They are not worth registering after about 20% of the field has busted, since there is too much money already missing from the prize pool and bounties combined. If you’re still buying in for a lot of bbs, the playability of your stack may offset this rule slightly.
PKOs are highly popular, and very common in today’s game.
PKOs require special focus in study, as the bounties at risk in a given hand will distort the range you need to play with, and that range will need further adjustment based on your awareness of how your opponent understands PKO effects in-game. There is quite a lot of nuance to this, but overall it makes for a more aggressive game where players are willing (and sometimes justified) in stacking off much lighter than they would in a normal tournament.
Sit and Gos (SNGs)
Sit and Gos are smaller tournaments, where the tournament begins not at a fixed start time, but when the required number of players are registered. These tend to run between 2 (Heads-up SNGs) and 9 players for single table tournaments (STTs) and between 18 and 360 players for larger SNGs.
SNGs have got somewhat tougher over the years, especially the single table format. They are still beatable for a small ROI but tend to be reg-infested above about $11 level on some of the larger sites. They are still pretty soft on some lesser known sites. Some variants exist such as double-or-nothing, which has a really weird ICM structure similar to satellites, and jackpot SNGs which offer some kind of prize for certain randomly drawn tables.
Some popular forms of SNG include 6-max turbo STTs, 18-man turbo SNGs, 180-man turbo SNGs, and heads-up hyper-turbos.
SNGs are a good choice for anyone who is concerned to keep their grind time down to increments of a few hours and that wants to intensively study ICM and payjump effects on ranges, and who is comfortable playing at a wide range of stack depths especially very short-stacked. They are a great preparation for getting better at ICM for MTTs as well.
Spin and Gos
Spins and Gos are a newer cousin to Sit and Gos, offering action which is usually three-handed and very short-stacked. Depending on the site you might sit with between 10bbs and 25bbs to start, with a fast blind structure. The strategy required involves detailed study of ranges for a variety of short-stacked lines, including limp/calling, limp/shoving, min/folding, min/shoving etc.
Spin and Gos are unique in offering huge randomly selected jackpots for certain table draws, and commonly paying out less than the total buy-ins combined to more frequently drawn tables. This means that you must play high volume to hit multipliers in order to book your profit, since many of the more regular tables you play will offer, for example, $20 for 1st place where three players bought in for $10 each.
Spin and Gos are great for anyone who loves playing short-stacked, having a ton of all-ins, grinding it out ‘til you hit your bigger multipliers and getting into the thrill of those bigger, more rare payouts, and for anyone who is very limited on time, as a single one of these might take under 10 minutes. What’s not so great about them is the potential stress on players when they do hit that big jackpot table, and the tedium of grinding out smaller payout tables without tilting or misplaying in some way.
We can’t close out this article without giving some guidance on satellites, as these do present an awesome way to get into bigger events without spending a ton. Satellites allow you to register a small event with the hope of winning not a cash prize but a tournament ticket to a larger event, and these are sometimes stacked so that one can enter in steps or ladders, for example, a $1 event yielding tickets to a $10 event which yields tickets to a $100 event which yields tickets to a major $1k event with a normal guaranteed prize pool. Players can fire multiple efforts at the $1 ticket (or any other) level and try to bink that big seat for cheap.
Satellites have very extreme ICM effects since the bubble is all that stands between winning nothing and winning the same as all the other winners. Therefore there is no incentive to build a big stack, and many weird spots come up when relatively safe for a ticket, such as opportunities to correctly fold pocket aces preflop, which never come up in most poker formats.
One really nice feature of some of the bigger sites such as Pokerstars, Partypoker, 888 and sites on the Winning Network is that they offer players the chance to win entry via satellite to big live events, including European Poker Tour Main Events and even the World Series Main Event itself, for a very modest investment, if they can only run good enough to bink a ticket! In some cases the prize won includes an entry to the main event as well as hotel and travel / incidental expenses. That’s really a prize worth battling for!
We hope you’ve enjoyed this PokerDeals round-up of the most popular poker formats online today. Good luck out there!
Now you’re spoilt for choice, what will you go for? Be sure to tell us over at our PokerDeals Discord!
Let's face it, as much as we all love playing poker, it can sometimes get a bit repetitive. Logging on day after day to play the same game against the same regs in the player pool, it's no wonder so many players end up on autopilot ! Luckily, Unibet is here to shake things up with their 7 Days of Poker promotion. Every day from Monday to Sunday , there will be a brand new promotion that will break the monotony and give you a reason to wake up and log on. There's something for everyone throughout the week, whether you like playing cash games, tournaments, or sit and gos. Let's take a closer look at what they're offering each day. Monday Between the hours of 16:00 – 00:00UTC every Monday, Unibet are running special $0.25/$0.50 PLO tables , with a minimum buy-in of 10bb and a maximum buy-in of 20bb! These short stacked tables are made to test your shallow PLO play and come with an additional challenge. The player who grinds their way to the biggest stack on one of these tables will earn the right to call themselves the short-stacked master and will be rewarded with an exclusive avatar and a €50 PLO cash games ticket ! Tuesday If you love playing tournaments but hate the long and drawn-out process of getting into the money, Unibet is speeding things up with their Bubble Buster tournaments. The structure is fast in the early stages and slows down considerably after the bubble has burst. These unique tournaments are scheduled for 19:00, 20:00, and 21:00UTC every Tuesday night, and there are three levels of buy-ins to enjoy: €1, €5, and €10. There are three tournaments of each buy-in level to play every night, and there's an added bonus if you manage to take down more than one. Win two tournaments of the same buy-in in one night, and you'll receive 100x the buy-in in bonus points, plus an exclusive avatar! If you manage to complete a full house and win all three tournaments of the same buy-in, you'll win 1000x the buy-in in cash , potentially giving you a €10,000 bonus! Wednesday The middle of the week has been rebranded to Wild Wednesday, as Unibet is hosting €1 and €2 rebuy tournaments, where the rebuy is ¼ of the buy-in ! That means if you enter the €1 tournament and lose all your chips, you can buy back in for just €0.25! These tournaments start from 20:05UTC every Wednesday, and you can expect plenty of action. Plus, if you're able to take down two Wild Wednesday tournaments of the same buy-in in the same night, you'll be rewarded with an exclusive avatar that tells your tablemates that you're not to be messed with. Thursday If you think deep-stacked cash games are just for live poker, think again! Every Thursday from 15:00UTC, there will be exclusive €0.05/€0.10 tables where the minimum buy-in is 500bb , and the maximum buy-in is 1000bb - they don't get much deeper than that! Just like the short-stacked tables, there is a special prize for the player who ends the night with the biggest stack. If you have the biggest stack by 23:59UTC, the table will be named after your alias the following week , and you'll receive a €100 cash game ticket as well as an exclusive avatar . Friday If you felt like the €20 Banzai tables weren't providing enough action in your life, you'll want to check out the Banzai Bonaza that Unibet runs every Friday. They're adding a €50 table into the mix, so you can play for some real money. In addition to the higher stakes table, Unibet is also running a points leaderboard from 16:00-23:59UTC every Friday, where players earn points for every flop they see playing Banzai. The points for each stake level are as follows: Banzai €1 - 1 point Banzai €5 - 1.5 points Banzai €20 - 3 points Banzai €50 - 3 points The top five players with the most points at the end of the night are given cash prizes, with the number one points scorer taking home an additional €100! Saturday Fans of the HexaPro jackpot sit-and-go format at Unibet will love Saturday's promotion, as Unibet are upgrading their HexaPro game to HexaPro Extreme. The 100x jackpot will receive a boost to 125x, and they'll appear 40x more often than they currently do! This is the perfect time to try and hit one of the major jackpots, and maybe you'll be lucky enough to walk away with the maximum 1000x prize . These games will run between 08:00-23:00UTC every Saturday, giving you plenty of time to log on and bag yourself a jackpot. Sunday Sunday is traditionally MTT day for every poker grinder, as the guarantees are the biggest, and the player pool is filled with fish 🐟. Unibet wants to make the Sunday tournament grind even more enticing with a Stellar Sunday schedule . These tournaments have fantastic guarantees and tournament structures, so you won't want to miss out. Check out the full schedule below for more details. Tournament Start Time Frequency Buy-in Gtd Prizepool Format Supernova 18:00 UTC Weekly €100 €20k NHLE, 1x re-entry Supernova Lightning 18:00 UTC Weekly €10 €1.5k NHLE, 1x re-entry Boba Bounty PKO 18:15 UTC Weekly €100 €2k NHLE, PKO, Freezeout Odyssey 19:00 UTC Weekly €50 €5k NHLE, rebuy Titan 20:00 UTC Weekly €25 €6k NHLE, rebuy The Supermoon 20:00 UTC 1st Sunday monthly €250 €40k NHLE, PKO, 1x re-entry Players can also compete for exclusive shiny avatars in the SuperNova, SuperNova Lightning, and Supermoon tournaments, so you can show off your tournament prowess to everyone you play against. Pick a Day, Any Day! With a new reason to log on each day and great prizes to win, this is a promotion you won't want to miss. If you don't already have an account with Unibet, sign up today to take advantage of this great offer. If you want to keep up to date with the biggest and best promotions from around the poker world, make sure tofollow us on Facebook and Instagram .
If you're struggling to keep warm this winter, one thing that is sure to warm the heart is a $2.5 million guaranteed tournament series, and that's exactly what BetOnline is offering. Over the next two weeks, $2.5 million in guarantees will be on offer in one of the biggest online tournament series that BetOnline has hosted. There will be buy-ins from as low as $11 all the way up to $215, so no matter your bankroll, there's a tournament for you. There's a mix of tournament types to choose from, including PKOs, Marathon tournaments, Deep Stacked tournaments, and many more. You'll even find some mixed game events on offer, such as PLO5, PLO6, and a mix of NLHE and PLO. Guarantees for each individual tournament frequently hit five figures, culminating in the massive $300,000 Main Event, which starts at 13:30 ET on February 5th. Schedule If you want to plan out your schedule for the next couple of weeks, the full schedule is available on the BetOnline website, but we've decided to show you some of the highlights to get you in the mood. Date Time (ET) Event # Guaranteed Buy-In Game Type Monday, January 23rd, 2023 17:00 17 $20,000 $55.00 Hold'em NL Deep Stack - RE Tuesday, January 24th, 2023 19:30 34 $30,000 $55.00 Hold'em NL Daily Wednesday, January 25th, 2023 20:00 49 $4,000 $33.00 Omaha PL HL RE Thursday, January 26th, 2023 16:30 56 $7,000 $11.00 Hold'em NL PKO Friday, January 27th, 2023 15:00 68 $5,000 $22.00 Hold'em NL Big Ante Saturday, January 28th, 2023 17:00 83 $2,000 $11.00 Omaha PLO6 RE Sunday, January 29th, 2023 13:30 92 $200,000 $109.00 Hold'em NL Main Monday, January 30th, 2023 17:00 110 $15,000 $109.00 Hold'em NL PKO Tuesday, January 31st, 2023 15:00 120 $5,000 $11.00 Hold'em NL R/A Wednesday, February 1st, 2023 18:30 139 $7,500 $33.00 Hold'em NL PKO Thursday, February 2nd, 2023 19:00 152 $10,000 $22.00 Hold'em NL PKO Friday, February 3rd, 2023 20:00 169 $2,000 $22.00 Omaha PLO5 RE Saturday, February 4th, 2023 19:30 180 $40,000 $55.00 Hold'em NL Daily Sunday, February 5th, 2023 13:30 186 $300,000 $109.00 Hold'em NL Main Monday, February 6th, 2023 20:00 197 $2,000 $0.00 Hold'em NL Freeroll Satellites Satellites will be running throughout the event, with buy-ins starting from as low as $11 for the lowest buy-in events. There will also be daily all-in shootouts, where players who didn't finish ITM the previous day will be given a seat with the chance of winning a tournament ticket for an upcoming event or satellite. If that's not enough, BetOnline is running an end-of-series, Superbowl-themed freeroll with a $2000 guaranteed prize pool and added sports Freeplays! There's great value to be had across the whole series, so to take full advantage, sign up to BetOnline today and join in the fun! If you want to keep up to date with the biggest and best tournament series from around the poker world, follow us on Facebook and Instagram .
That's right, the infamous Mike Postle is back in the poker world and has been spotted at the final table of the Million Dollar Heater Main Event in Beau Rivage. Mike was accused of cheating on the Stones Livestream back in 2019 and, after denying the allegations, has not been seen at a public poker event since. Who's Mike Postle? For those of you who aren't in the loop, Mike Postle was a regular player on the Stones Casino Livestream and was one of their biggest winners. In fact, he crushed the game, with fan-tracking accounts estimating that he had won around $250,000 playing on the stream in a couple of years. Mike was famous for getting into crazy spots and always making the right decision , whether it was hero calling with close to nothing or bluffing in the most ridiculous spots. In 2019, former Stones Casino commentator and player Veronica Brill accused Mike Postle of cheating on the live stream . This launched a deep dive from the poker community, including multiple 12-hour+ live streams from Chicago Joey, to see if these claims had any credibility. While the public consensus is that Mike cheated, likely by getting hole card information through his phone, Postle has vehemently denied the claims and has not been convicted of or charged with any crimes. In early 2020, a group of poker players filed a lawsuit against Mike Postle and Stones Casino , levying a number of charges, including fraud, negligent misrepresentation, negligence per se, fraud, unjust enrichment, and fraud again - amongst others. The damages in this suit would total $10 million , something that even the hottest win streak wouldn't cover! While Postle was accused of dodging court summons, he fired back with his own countersuit in March 2020, wanting $330 million from a number of parties who he considers to have committed libel with their cheating allegations. Neither lawsuit went very far, with the initial case being brought before a judge but only recouping paid rake, as California has banned the recovery of gambling losses, citing a law from the early 1800s, and the Postle case was withdrawn in April 2021 . Since then, the Postle story went cold, and everyone went about their lives without thinking about it. Sudden Reappearance That is, until recently. On Monday, 16th of January, 2023, Angela Jordison posted a photo and a text that she received from her friend, Maxwell Young, to her Twitter account. It said, "Unreal just played with Mike Postle he was using an alias floor confirmed it was him,” [sic] and came with an accompanying picture of Postle at the table. Obviously, this went viral within the poker community as people scrambled to confirm whether or not this could really be him. Other people at the event confirmed that it was, in fact, Postle using his middle name as an alias so as not to be identified as easily. Many players were outraged , as they believed that enough evidence had come to light that Postle could be considered a cheater, and the fact that he is allowed to play in live events just rubs salt into the wounds of those he was accused of cheating. No matter what side of the debate you're on, the facts remain that Postle has never been found guilty of what he's been accused of , nor has he been found guilty in a court of law. However, given the almost unanimous agreement amongst the poker community that something fishy was going on (compared to something like the Robbie incident), Mike should expect to get a frosty reception wherever he decides to play from now on. What Happened? This story broke just before the final table of the Main Event was due to take place, with over $200,000 for first place and Mike sitting with around an average stack. It goes without saying that many people were rooting against Mike, hoping that he would bust as early as possible. While he didn't quite do that, many poker fans got the next best thing. Mike was eliminated in 7th place for around $32,000, but was slowrolled in his final hand by a player holding top set. Just to really stick it to Mike, the player in question said, " That's for all the cheating that you do ," as Mike left the table. There's even a video of the event, which has been posted to the Gulf Coast Poker Facebook page for anyone who wants to revel in the schadenfreude of the slowroll. However, the cherry on top of the cake is the fact that Mike may not be able to keep the $32,000 prize that he won from the event, and it stems back to the $330 million lawsuit he filed back in 2020. This is because Veronica Brill and Todd Witteles both initiated garnishment orders in an attempt to recoup legal fees that were spent defending themselves in that lawsuit. Veronica confirmed that the amount of money she was looking to recoup was $27,785, nearly all of Postle's winnings from the tournament. With Witteles filing a similar order, it's not a long shot to assume that Mike may not see any of those winnings . While it's rather poetic that Postle's greed in bringing the $330 million lawsuit would eventually lead to him losing a significant amount of money down the line, we've yet to receive confirmation that the winnings have been reappropriated. With all the twists and turns we've seen in the Postle story, who knows which way it will turn next? If you want to keep up to date with all the latest goings on in the poker world, make sure to subscribe to the PokerDeals YouTube channel , and follow us on Facebook and Instagram.
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