PartyPoker Million V

Considered by many to be the best online tournament out there, the PartyPoker Million(PPM) tournaments have not only set a standard for online tournaments but for land-based (or ocean based?) tournaments also.

The PPM tournament takes place once a year and is always fixed limit texas holdem. Although the satellites and qualifiers take place online, the main tournament is live aboard a luxury cruise ship.

The PPM tournaments have a history of attracting big-time professionals as well. The winner of the PPM I was Kathy Liebert, who added $1 million to her lifetime winnings. PPM II's winner was Howard "The Professor" Lederer and PPM III's winner was Erick Lindgren, who also took home a cool mil. The winner of the last PPM V was not a professional though. He was 22 year-old Mike Schneider, a young "soft-spoken boy" from Minnesota.

The methods of winning your way into this monumental tournament include subqualifiers as low as $5+$1 and up to $675+$40 for a 20-person max tournament or a $250+$20 multi-table semi-final. Although the prize for winning a seat is $13,500, that includes the cost of riding on a luxury cruiser for a week, so only $10,200 of it has to go into the massive prize pool. :)

Another great feature of PartyPoker is their step tournaments, which gives consistently good players a better chance for their shot in the main event. During the last Party Poker Million tournament, the Step Tournaments had the following structure...

Step 1 - (direct buy-in for $11+$1)
  1st place - Advance to Step 2
  2nd thru 5th - Try Step 1 again for free
  6th - Drop out of the steps with a $7 consolation prize
  7th thru 10th - Drop out of the steps


Step 2 - (direct buy-in for $50+$5)
  1st and 2nd place - Advance to Step 3
  3rd thru 7th place - Go back to Step 1
  8th - Drop of of the steps with a $10 consolation prize
  9th and 10th - Drop out of the steps


Step 3 - (direct buy-in for $200+$15)
  1st thru 3rd - Advance to Step 4
  4th - Try Step 3 again for free
  5th thru 7th - Go back to Step 2
  8th - Go back to Step 1
  9th - Drop out of the steps with a $3 consolation prize
  10th - Drop out of the steps


Step 4 - (direct buy-in for $500+$35)
  1st and 2nd - Advance to Step 5
  3rd - Try Step 4 again for free
  4th through 6th - Go back to Step 3
  7th - Go back to Step 1
  8th - Drop out of the steps with an $8 consolation prize
  9th and 10th - Drop out of the steps


Step 5 - (direct buy-in for $1800+$100)
  1st - PPM V Prize Package!
  2nd and 3rd - Try Step 5 again for free
  4th - Go back to Step 4
  5th thru 7th - Go back to Step 2
  8th thru 10th - Drop out of the steps


For more information about the PartyPoker Million tournament and cruise visit their website at PartyPoker. Hope to see you there!

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