Ultimate Bet Online Championship Series

March 25, 2009

The online poker site Ultimate Bet is more than pleased to be able to announce that they have paid out more than $2.5 million to their online poker players over the past ten days. The poker site has been running a poker tournament which turned out to be more popular than even they could have predicted. They ran a ten day Ultimate Bet Online Championship for poker players and they had 1,115 players participate.

The poker championship was a $1,000 + $50 buy in No Limit Texas Hold’em poker game. It had an initial prize pool of $1 million guaranteed. However, with the massive interest that they had in the poker series they ended up with a prize pool of $1,115,000 which made it their largest and most popular event ever for the poker site. The company said that they were thrilled with the turnout and that in their ten years of doing this they have never had one turn out this well.

They were also thrilled that over the course of the championship’s twenty two events, they were able to pay out so much money. According to Phil Hellmuth who hosted the Sunday evening event – this poker event “was the epitome of epic for poker fans from all over the globe.” The players in the poker games said that they will be talking about this championship for months and years to come.

The poker site also ran the Mini UBOC which ran at the same time but had smaller stakes and smaller payouts. Each of the events except for the final $2 million blowout was mirrored. This way they were able to buy in for about 10% of the main UBOC events.