There’s a new online poker festival at Party Poker. Called Pokerfest Online it features a bevy of tournaments at a wide range of stakes with a $1 million main event and a total guaranteed prize pool for the entire series of $3 million.
Buy-ins for Pokerfest Online 2011 events range from $55 to $1,060 but players can win their seats in these events instead through a satellite series. Each tournament buy-in has its own series of satellites awarding seats worth that amount. Each satellite structure features low-cost daily qualifier tournaments leading into similarly inexpensive satellite tournaments that in turn awards tickets worth a particular amount into a Pokerfest Online 2011 event of the winner’s choice with that buy-in.
There are 47 events in all in PartyPoker’s Pokerfest Online 2011, with this inaugural incarnation of this new series taking place between October 23 and November 6.
There is also an assortment of Side Events in Pokerfest Online 2011. There is a prize draw for prizes like iPads and poker chip sets. You get a ticket into the drawing for every Pokerfest Online 2011 event you play in. There are two Daily Dollar Tournaments each day, at 1:45 pm ET and 4:00 pm ET, each with a $1 buy-in and each day with a new twist. And there are three Pokerfest Jackpots worth a total of $35,000: a $20,000 jackpot if you win three Pokerfest Online events, a $10,000 jackpot if you reach the final table in any 10 series events, and a $5,000 jackpot if you cash in any 10 series events.