The first-ever Progressive Knockout Tournament series has kicked off at Bovada Casino. The series officially runs from June 1 until June 30 and features more than $4.5 million in posted guarantees. In addition, the participants have more than 100 tournament events to choose from.
The regular knockout events have a set buy-in amount and a bounty that remains the same throughout the tournament. When a player eliminates another player, the beaten opponent’s designated bounty gets added to the winner’s account.
Progressive Knockout Tournaments are slightly different. In a typical PKO, two-thirds of a player’s buy-in goes to the prize pool, while the remaining amount represents the player’s initial bounty value. In this case, if a player knocks out another competitor, the gained bounty amount is added to the winner’s own progressive bounty.
If a player eliminates multiple other players, they usually become the target of the remaining participants, as they all aim to collect the highest bounty.
A $10 PKO event should have a buy-in of $30 (accompanied by a $3 tournament fee). Two-thirds of the amount goes into the regular prize pool, and the remaining $10 is considered each player’s starting bounty. The winner of a progressive tournament gets to keep both the first-place prize and their own bounty.
As mentioned, apart from Progressive Knockout Tournaments, Bovada offers different regular knockout tournaments that its players can enjoy every day. Those who prefer a faster-paced game can check out Bovada’s Sit-and-Go tournaments, offered in 6- and 18-player formats.
Since its founding in 2011, Bovada has been one of the most reputable fiat and Bitcoin online casinos. It features slots, sports betting, various table games such as blackjack and poker, and more. This gambling venue rewards its newly registered players with a $3,000 welcome bonus, which they can claim after making their first deposit. There is also a refer-a-friend bonus, through which the referrers can earn up to $200 if their friends place their first bet on the site using cryptocurrency.
Bovada is available to US players only, excluding those from New Jersey, Delaware, Nevada, and Maryland.