CakePoker is a fairly new poker site to hit the market in comparison to the other big dogs; the site was only set up recently back in 2004. Despite the fact that CakePoker may not be at the same level at other well-established poker sites, they have announced a series of freeroll tournaments worth $100,000 each, and totalling an amazing $1 million over the course of the series. The owners of CakePoker were only a small group of poker enthusiasts with a certain determination to create a poker site that was “better” that the competition, but with their announcement of the incredible freeroll series this could be the break the site has been looking for.
The tournaments will be hosted at a rate of one a month, running for another eight months until the complete $1 million pot has been distributed. Players can gain that all important place into the freeroll tournaments via a number of methods, these are as follow. Firstly players can enter the free satellite tournaments which provide a set number of seats available for entrance to the monthly final to the top finishing players. Secondly, there are a number of a cash entry satellites that have been set up, with fees running from as little as $2.These cash satellite tournaments are extremely versatile as well as they are hosted on several separate days enabling more players to enter. The seat allocation scheme that is set up for the cash entry satellite tournaments is that for every $50 of fees paid into the tournament fund, a single seat is made available for the monthly finals. The final method of gaining entry into the $100k freeroll’s is by paying a direct fee of $50, which automatically progresses the paying player straight into the monthly final. This method could be very sensible as it provides you with a strong chance of progressing even further.
One aspect that will most likely attract many players is that the prize payout scheme is extremely heavy, with the top spot paying out a humongous $75k! The prospect of taking down such a large prize will surely persuade high levels of players to make the move and enter the tournaments. As for the remainder of the main prizes, 2nd prize pays out $10,000, 3rd prize pays out $5,000, 4th place pays out $2,500, 5th place pays out $1,000, the rest of the prize allocations are distributed down to the bubble of 30th place. As you can see from the payout structure of the monthly freeroll’s, the competition could be anybody’s game and provides amateur players with smaller bankrolls with the opportunity to win big.
