£1 Million Red Spade Open Returns to PokerStars
This was published 28-11-2017Players at PokerStars will be pleased to learn that the mid stakes tournament, the Red Spade Open, with a likely overlay and £100 bounty on every Team PokerStars member in the field, is scheduled to take place next weekend.
PokerStars is bringing back the $1 million guaranteed Red Spade Open on Sunday, 3rd December 2017 at 21:00 CET in the Events tab of the PokerStars client after having taken a break last year. Satellites are already running around the clock at PokerStars. The Red Spade Open event was launched by PokerStars six months after Black Friday in 2011, beginning as a $55 buy-in $1 million guarantee with a first-place prize of $200,000.
The massive guarantee for the price point of $55 is the obvious draw of the Red Spade Open. It is necessary for the event to get 20,000 entries including rebuys in order to cover the guarantee, failing which it will be an overlay. The relatively low buy-in is, however not the only enticing feature.
The tournament has, as a rule, offered bounties for knocking out any Team Pro or Team Online member with a red spade next to their name.
After starting off at $100, the bounties have seen increases to $250 in 2014 and then to $500 in 2015 when there were more than 50 bounties offered in the field. It is not yet known if this latest Red Spade Open will once again offer bounties and if so, how many and for how much.
It is also not clear how much the first-place guarantee will be as, although it started at $200,000, after a few years, the first-place guaranteed prize was reduced to $100,000, probably in an endeavor to flatten the payout structure and pay out a higher percentage on the field.
PokerStars are expected to provide more details of the Red Spade Open soon but players with access to the client can prepare for the event to take place on Sunday, 3rd December, 2017, which is the day that the recently announced PokerStars High Roller series comes to an end.
