Where to Win Big Prizes in Online Poker Tournaments
Poker sites offer many big money tournaments with huge prize pools. There is literally millions of dollars given away in guaranteed prize pools just on Sundays alone which is when the really big prize pool tournaments run.
Although most of the large-field multi-table tournaments have “guaranteed prize pools”, which means the poker room puts up the rest of the money if there aren’t enough entrants to cover the prize pool, since MTTs with bigger prize pools tend to be hosted at the top online poker sites, there are always lots of players that participate in them, so quite often the prize pool that is created is far more than the guarantee.
Due to the really big fields these tournaments can take well over 10 hours of play to complete. You’ll definitely need to play well to give yourself every chance of winning the tournament, but you will also need a bit of luck on your side, as you will need to win your fair share of coin flips to survive and run deep. The same can be said about any big prize pool tournament that has lots of players like the WSOP Main Event.
Many of the larger online poker sites have tournament schedules packed full of tourneys with affordable buy-ins that have big prize pools since this is their bread and butter and they have enough traffic to support these bigger tournaments. That is not to say that you can’t find multi-table tournaments with big guaranteed prize pools on smaller sites because you can, although obviously the guarantee won't be as big, it’s just they will be few and far between in comparative terms. These online poker sites just don’t have the same volume of player traffic to compete with the big boys.
A lot of MTTs with big prize pools are No Limit Holdem tournaments, since this is the game most poker players are introduced to and like to play the most, but you will not be hard pressed to play Omaha tournaments, which also attract a fair bit of attention and also have guaranteed prize pools. Just like Holdem, Omaha is a big favourite among tournament poker players. At the bigger poker sites, you will also be able to play tournaments across a variety of games like Stud and Draw Poker.
Best Big Money Online Poker Tournaments
Full Tilt Poker hosts the Sunday Major, which is a re-entry tournament has a guaranteed prize pool of $150,000. On Sunday you can also play the Sunday Brawl, which pays a bounty for every person you knockout of the tournament, as well as the Half Turbo, which offers a $30,000 guarantee and has a unique structure. This event spans over the course of two days, with the first day having a turbo blind structure, and the final day reverting back to a normal blind structure. The tournament actually concludes on the Sunday.
PokerStars hosts a wide variety of big money online poker tournaments, including the Sunday Million, which is a weekly event with a guaranteed prize pool of an incredible $1,000,000. On Sundays they also have the Sunday Spark, Sunday Kickoff, Sunday Warm-up, Sunday Second Chance, Sunday Rebuy, Sunday Storm, Sunday 6-Max, Sunday Supersonic, plus a wide range of other big prize pool tourneys to play and choose from. Buy-ins range from $1 to $215 for the Sunday Million and beyond and don’t let the size of the buy-in fool you. There is still really big prize pools on offer for the smaller events as they attract a lot of players.
Obviously, PokerStars and Full Tilt Poker are no longer accepting US players. So when it comes to playing big money poker tournaments at US-friendly sites, you have Americas Cardroom and BetOnline Poker. Both rooms have a big Guaranteed Tournament held every Sunday, which are definitely worthwhile checking out if you are from the United States.
Qualifiers and satellites run for the majority of big money online poker tournaments so that players who couldn’t afford to buy into these events normally have the chance to play in them and compete for a share of the big prize pools. They run well in advance in the lead-up to the actual big money tournaments, providing ample opportunity to win a seat and perhaps be seated at the same table as a pro! As an example, there are qualifiers to the PokerStars Sunday Million from as little as $2.20!
Whilst online poker tournaments with smaller fields would be easier to cash in, it’s not possible to win life changing amounts of money playing them. If at all possible, it’s better to play tournaments with huge guaranteed prize pools, as they represent better value for the players that participate in them. These tournaments attract lots of recreational players that get drawn to the really big prize pools. You will not always cash in them but when you do in can be a significant tournament score.