PokerStars Holds $500K Giveaway

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PokerStars is holding a $500,000 giveaway promotion for all its sit and go tournament players called $500K Golden Sit & Gos – one small part of the site’s upcoming 800 Million Celebration.

Running from Sunday, October 13 to Saturday, October 19, 2013, the PokerStars $500K Golden Sit & Gos promotion promises boosted cash back on buy-ins and boosted prize pools. Randomly, PokerStars will declare various real money sit and go tournaments held during this promotional period to be $500K Golden Sit & Go Tournaments, which come in three types: Big, Bigger, or Biggest.

Big events award all participants twice their buy-in back plus boosts the guaranteed prize pool of the event by double.
Bigger events award all participants three times their buy-in back plus boosts the guaranteed prize pool of the event by triple.
Biggest events award all participants five times their buy-in back plus boosts the guaranteed prize pool of the event by five times.

PokerStars estimates that throughout the week-long promotional period, such prizes will be awarded, on average, every 3 minutes.

The $500K Golden Sit & Gos promotion is just one part of PokerStars larger 800 Million Celebration, honoring the holding of its 800 millionth tournament, which will cap off this multi-promotional event on Sunday, October 20, 2013.

Stay tuned here for more details on other events making up PokerStars 800 Million Celebration, including more details on the culminating tournament itself as well as the Big, Bigger, Biggest tournaments temporarily replacing the site’s popular The Daily Big tournament events.

Online Poker Tournament Rules – Rules for Poker Tournaments

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Online Poker Tournament Rules

1. Tournaments will begin at the time designated in the tournament details.

2. Players are assigned seats randomly and are not allowed to choose or change their seats.

3. Late registration will be allowed up until 10 minutes after the start of the tournament, unless the tournament fills up or the first player is eliminated.

4. Players may unregister from a tournament up to 10 minutes before the start of the event.

5. There is a deal for the button at the start of the tournament – high card plays the button for the first hand.

6. The button moves in the conventional clockwise manner so that no player receives the button twice in a row. Occasionally a player will become the button without having played in the blinds due to other players being eliminated. This occurs commonly in online tournaments and is due to technical software reasons. This may happen to any player during the course of a tournament, and therefore creates no long term advantage.

7. If two players should be eliminated simultaneously, then the player with the most chips at the beginning of the hand will finish higher.

8. When a tournament is down to the last two players, the button will post the small blind and be first to act in the initial round. The big blind will then be first to act in the following rounds.

9. The tournament finishes when one player has won all the tournament chips and is declared the winner.

10. Internet Issues and disconnections are a reality of online poker. We will do our utmost to limit any kind of interruptions during a tournament, but does not assume responsibility for any problems unrelated to the performance of the game server. We acknowledge that certain Internet issues may be unavoidable and allows extra time for disconnected players to reconnect in the later rounds of a tournament. If a player chooses to sit out or is unable to reconnect, they will still have cards dealt to them and will automatically post blinds and antes. Players that are unable to reconnect during the allotted time will have their hand automatically folded.

11. In the event of a server interruption all hands will be ‘rolled back’ to the start of the interrupted hand, and all chip stacks will reflect the original amounts that existed before the hand commenced.

12. Any play that is deemed unethical, such as team play, soft play, or chip dumping, will result in a player(s) being disqualified from the tournament.

13. As players are eliminated over the course of the tournament, tables will be consolidated to keep a full complement of players. Players may be forced to post the blinds when arriving at a new table. Table reassignments are an inherent and random part of tournaments, and apply equally to all players.

14. Players and observers are asked to use the chat function in a friendly and considerate way. At no time are players and observers allowed to discuss or comment on live hands.
15. All prizes will be distributed according to the specific details of each individual tournament. All details concerning a tournament may be found in the Tournament Lobby.

Exceptions to the above rules.
*Any rules pertaining to the button or button movements apply only to Texas Hold’em and Omaha.
*Sit and Go tournaments do not begin at a specified time, but rather when there are enough players to fill a table. Additionally, Sit and Go tournament blinds increase in relation to the number of hands played, whereas Multi Table Tournament blinds increase at set time periods.