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8 Minute Read
Last updated Thursday 20 April 2024…
Do you know your KOs from your PKOs
from your TKOs? No? That’s fine. Just read on and we’ll reveal just exactly what is a
PKO tournament…
Before you launch in to any upcoming Bounty Builder Series, it is
probably a good idea to get a firm grasp on what is a PKO tournament, also known as a
Progressive Knock Out. This is important because some events are PKOs, while others are
played as Progressive Total Knockout (TKO) tournaments. And they are very similar.
So
what is a PKO tournament? What’s a PKO got that a KO hasn’t? And how do things change
again in a TKO?
It’s easiest to start with a look at straight Knockout (KO)
tournaments. These used to be a thing before PKOs appeared on the scene and made
everything more exciting.
In a Knockout tournament, a player’s total buy-in is divided
into two portions. Each going towards a separate section of the prize pool.
One portion
(usually the largest) goes into the regular prize pool. That is paid out incrementally
to the top finishers in the event, just as in any “normal” tournament. The second
portion goes into the bounty pool.
Each player has a cash bounty on their head, and
this bounty is awarded to the opponent who knocks them out. It’s that simple. In
essence, a knockout tournament offers bonus cash payments to players for eliminating
their opponents. These payments are fixed in size.
For example, in a KO tournament with
aR$27 buy-in:
$20 might go into the regular prize pool
$5 becomes a bounty on the
player’s head
(The remainingR$2 is the entry fee, or “rake”.)
This tournament might be
advertised with the entry fee ofR$25 +R$5 +R$2.
If Player B knocks out Player A, Player
B is awarded Player A’sR$5 bounty. It goes straight into Player B’s account, and they
get an immediate return on their tournament play.
Eventually, Player C might knock out
Player B. In that case, Player C then gets Player B’sR$55 bounty. Player C might also
go on to knock out Player D, Player E and Player F, for which he or she gets
anotherR$15 (orR$5 per player).
If Player C then goes on to make the money in the
tournament, he or she will also get a prize based on their finishing position. And
dependant on the pre-published payout structure.
In the final reckoning:
Player A will
end with nothing.
Player B will get theR$5 earned for knocking out Player A
Player C
will getR$25 in knockout payments (for eliminating Player B, Player D, Player E and
Player F) plus the prize for their finishing position.
It’s worth remembering that the
bounty is only paid to the player who wins the very last of an eliminated player’s
chips. It doesn’t matter if Player Z wins a huge pot and leaves an opponent with one
big blind. Player Z won’t win the bounty. The bounty goes to the opponent who snags
that last chip and causes the actual elimination.
A lot of what happens in a knockout
tournament happens in a Progressive Knockout (PKO) tournament too. But there’s a
notable twist in the way bounty payments are accumulated.
To recap: in a KO or a PKO
tournament, one portion of a player’s buy-in goes into a prize pool to be awarded
incrementally to the top percentage of the finishers, just like a “normal” tournament.
The other portion goes into a bounty pool.
In a PKO tournament, it’s most common for
these two prize pools to be equal. Meaning half of a player’s buy-in goes to the
“regular” prize-pool and half goes to a bounty pool.
For example, in a PKO tournament
with aR$109 buy-in:
$50 would go into the regular prize pool
$50 would go into the
bounty pool
(The remainingR$9 is the entry fee.)
Every player therefore begins the
tournament with aR$50 bounty on their head.
Here’s where it gets interesting:
If you
knock out an opponent in a PKO tournament, half of their bounty goes straight into your
account as a cash prize. But the other half is added to your bounty.
It means that the
more players you knock out, not only do your earnings increase, but also the target on
your head grows bigger.
PKOs made easy
This is what’s meant by “Progressive”. Much like
a spiralling jackpot on a Vegas slot machine, a player’s bounty in a PKO event grows
progressively bigger as the tournament goes on.
For example, if Player B knocks out
Player A, Player B gets aR$25 cash prize, while his or her bounty also increases
byR$25. Player B’s bounty would therefore beR$75 after this encounter (theR$50 on their
head to start with, plus theR$25 for knocking out Player A).
If Player C then knocks
out Player B, Player C gets a cash payout ofR$37.50 (i.e. half of Player B’sR$75
bounty). But his own bounty increases byR$37.50 too.
If Player C then goes on to knock
out Player D, Player E and Player F too, he picks up half of their bounties as
immediate cash payments. But also sees his own bounty grow significantly.
If you happen
to win a PKO tournament — i.e., nobody ever knocks you out and therefore nobody wins
your bounty — you get to keep your own bounty.
It can often be absolutely huge. And in
many cases will be bigger than the money you win from the “regular” prize pool. In Fig.
1, below, “Doktor-4ik20” won the tournament and had a bounty haul ofR$13,610.33, which
will include his own bounty.
“UltimatChief” took onlyR$2,240.80 in bounty payments
because a large chunk of his went to Doktor-4ik02 at the point of the final
elimination.
Fig 1: Bounty payments alongside prizes from the main prize pool
The
tournament lobby of a PKO event shows prizes like this, in two columns: a player’s
bounty haul in one and their “regular” prize in the other
Some players can finish high
up in the rankings but have nothing in the bounty column, if they didn’t knock out
anyone else (see players “Joe Santana”, “00SKIP” and “tutuca1987” in Fig 2, below).
While others might be eliminated before the bubble, but still make a profit from the
tournament if they knocked out a lot of high-value opponents (see “PeroQmaloSoy”).
Fig
2: Some players cash but win no bounties; others win bounties but don’t cash
Finally,
one last effort to persuade anyone who might still be on the fence about KO
tournaments.
If you’re curious but need a little more information about why you should
play, the folks over at PokerStars Learn might be able to persuade you.
You can look
around the PokerStars Blog, and PokerStars Learns for plenty of reasons to play. But
PokerStars Learn got it down to five.
It’s not about the prize money, although theR$25
million guaranteed will ensure some big payouts along the way…
It’s not just that you
don’t have to make the money bubble to come away with prize money, although we think
that’s one of the coolest things about Bounty events.
As they Pete Clarke of PokerStars
Learn puts it,
“For tournament players, the grind can often feel like a volatile
rollercoaster of long hours and little downtime. One type of tournament that will
definitely spice up your poker calendar is the progressive knockout.”
So here they
are.
We admit it. We’ve always found that last one suits our playing styles
perfectly.
Find out more: 5 reasons to try progressive KO poker tournaments.
Total
Knockout (TKO) tournaments are a relative newcomer to the scene. But with several
usually on a Bounty Builder Turbo Series schedule, it’s worth a quick look at these
too.
It’s actually pretty easy to figure out: in these tournaments, 100 percent of a
player’s buy-in goes into the bounty pool. There’s no regular prize pool, and players
start with their entire buy-in on their heads as a bounty.
If you knock someone out,
you get half of your opponent’s bounty as a cash prize immediately. The other half goes
into your bounty, much like with a regular PKO tournament.
The obvious major difference
is that there’s no such thing as a bubble, or a regular prize pool. All the money
awarded goes in bounties.
This can mean that some players finishing high up in the
rankings might get a very small payout, if they knocked out relatively few opponents.
While a player low down in the rankings could get much more, if they knocked out
numerous high-value opponents.
TKO events are most often played heads-up in the Zoom
format. That means you bounce from table to table and opponent to opponent, facing only
ever one player at any time.
That leads us on to the next stage. Doing the maths.
This
can put off a lot of players. We may be poker players. But that doesn’t automatically
make us maths geniuses.
It can get a little tricky working out what money goes where.
Also, what that means in terms of odds and all-important equity.
Luckily, we’ve done
all the complicated bit for you in our post about getting to grips with the mathematics
of bounties.
You’ll find practical examples, all the sums, and even a simple way to
remember it all while you’re in the middle of a game. Feel free to write it on the back
of your hand.
As the article says, the moment you knock out a player their bounty is
split between your bankroll and your own bounty.
Knowing how this changes the way you
should play puts you ahead of those other players oblivious to the details.
“We have to
aggressively try and knock out as many people as possible, and that means we have to
crunch the equity numbers.”
Find out more: Getting to grips with the mathematics of
bounties
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