Thursday, April 8, 2010

CEREUS Launching Series of Innovative Poker Events

The CEREUS Network is composed of UB and Absolute Poker, two of the biggest names in the business of online poker. UB is the larger site within the network and with the cancellation of the 2010 iteration of their Aruba Poker Classic, they have decided to push several online events that will pick up some of the slack that has been left by that event’s absence from the running this year.

The first of those events is called the Perfect 10 Challenge on UB and the Trip Tens in April promotion on Absolute Poker. Although they have different names, the two sites will be sharing the leader board for the entire event.

Here’s how it works. Every single day in April will see ten tournaments being run with a buy-in of $11 each. Players can play in as many of the tournaments as they want over the month of April and at the end of the month players will take their ten best finishes in those tournaments and have points towards the leader board calculated based on those results. When all is said and done, the top 50 finishers on that leader board will get a payday based on the amount of points they have been able to accumulate.

This promotion is interesting because of the fact that it allows you to play a variable number of tournaments yet count just the ten best finishes towards the overall total. There is $100,000 in the prize pool for this promotion with the top three finishers receiving $20,000, $10,000 and $5000 respectively. Everyone that gets a prize however will get at least $500 plus the cashes from their tournaments so this is definitely a good one to go after in terms of expected value.

Don’t think it will be too easy though because you can expect to see professional players from UB vying for those top spots. Although no confirmations have been done yet, there is the possibility of players like Annie Duke and Phil Hellmuth being present when the ten tournaments on the first day get underway along with the other great poker players that make up team UB.