WPT Global launches Summer Festival Series with $3,500,000 guaranteed
The new poker provider WPT Global launched the WPT Summer Festival this weekend - a tournament series with 50 tournaments and a total guarantee of over $3.5 million. The most exciting tournament of the series is the $1 for $1,000,000 - a tournament with a buy-in of just $1 but a guarantee of $1,000,000. Read up on all the details on the series below.
The WPT Summer Festival runs from July 20 to August 22 with 50 tournaments. Buy-ins range from $1 to $2,000 and there are tournaments in various variants: No Limit Hold'em, Pot Limit Omaha and Short Deck. The Main Event, with a $330 buy-in, guarantees $1,000,000 and runs from August 12 until August 22. The series also offers $550 satellites, playing out tickets to the $15 million WPT Championship in December.
Every player who wins any Summer Festival tournament automatically earns a seat in the Tournament of Champions Freeroll. In this tournament, the top two finishers will win a ticket to the WPT World Championship.
Highlights of the WPT Global Summer Festival
Let's take a look at the tournament highlights of the series:
$1 for $1,000,000
The starting flights of the tournament will run every Wednesday and Sunday from July 20 to August 22. The buy-in is $1 and the top 13% of each flight will advance. Players can play multiple flights. The best stack advances (see below how this works).
Day 2 will be played on August 21 and the final is on August 22. This will be broadcast live on the WPT Global Twitch channel.
WPT Global expects this tournament to have a massive overlay estimated to be $800k to $900k. Make sure to earn your share of that juicy overlay prize pool!
Summer Showdown
The WPT Global Summer Showdown runs from July 25 to July 31 with daily starting flights. The buy-in for this tournament is $220 and the tournament guarantees $250,000 in prize money.
There is also a mini edition of the tournament that runs at the same time but costs only $22. This tournament has a guarantee of $50,000.
PLO Championship
From August 1 to August 7, the PLO Championship runs with a $220 buy-in and $150,000 guaranteed prize pool. There is also a micro version of this tournament with a $22 buy-in and $20,000 guarantee.
Summer Progressive Bounties Championship
From August 8 to August 14, the Summer Progressive Bounties Championship will be played. This is a progressive knockout tournament with a buy-in of $220 and a guarantee of $300,000.
There is also a mini version with a buy-in of only $11 and a guarantee of $20,000.
Main Event
The most important tournament of the series, the Main Event starts with the first flight on August 12. There will be daily starting flights through August 20. The buy-in is $330 each and the tournament guarantees $1,000,000. Day 2 will be played on August 21 and the final on August 22.
There is also a mini-variant of this tournament at the same time with a buy-in of $33 and a guarantee of $100,000 running on the same dates.
Best Stack Forward
All headlined tournaments of the WPT Global Summer Festival work with the so-called "Best Stack Forward" principle. This allows players to play multiple starting flights, even if they have already made it to the second day in one of the flights. If you make it to the second day in several starting flights, you will continue playing with the best stack of each of your flights.
This option is interesting for players in two cases. Firstly, If you barely make it to the second day and don't have many chips, you can try to improve your position without risking your stack. Secondly, the Best Stack Forward option is much more interesting if you play a tournament that has a significant overlay. Then, at least from a pure EV perspective, it is also worthwhile to try to get a better result even if you already have an average stack. The chance of a better positioning for day two is worth more than the buy-in. This is very relevant in the case of the $1 for $1,000,000 tournament. De facto this tournament is an enormous freeroll and will have a massive overlay. It's worth farming the numerous starting flights and trying to go into day two with as big a stack as possible.
Register at WPT Global and take your bonus
Players who sign up now at WPT Global will receive a $1,200 welcome bonus, get a $110 tournament ticket as a gift with their first deposit, and receive a couple of free tickets to the WPT Summer Showdown.
Full details of the WPT Summer Festival are available on the WPT Global homepage or in the client.
