Party Poker To Compete for the High Stake Dollar: SnG Costs Flattened

Filed in archive Internet Poker on April 30, 2008

Party Poker was a haven for those poker players who had a little knowledge about the power of position and in most cases, the knowledge of the strength of starting hands. Money seemingly flowed from the random player who "discovered" Party Poker from watching the World Poker Tour and recognized Mike Sexton, or the World Series of Poker with their .net version of the website in plain sight across from the levitra ads in case you were problems in other areas of entertainment.

Since the enactment of the UIGEA, Party Poker pulled out of the very profitable United States market, only to cater to those across the pond. An announcement from the former online poker juggernaut, reported by Amy Calistri, will pain those U.S. based "ballas" and high stakes SnG players. Instead of paying the usual 5%-10% fees on their tournaments, the rake will now be flattened across the board to just $10.

Here's the announcement from Amy at Pokernews.com:

In a move that will get the attention of both online players and the site's business competitors, PartyPoker.com will announce tomorrow that they are reducing their fees for all STTs (Single Table Tournaments, sometimes known as sit-'n'-gos) with buy-ins over $200. No matter how high the stakes are above $200, players will pay the same flat fee of just $10. In conjunction with their new fee schedule, PartyPoker is introducing a full range of high-end STTs with buy-ins extending up to $5,000.

A spokesman for PartyPoker said, "This is great news for any big game hunter looking to make the most of their bankroll."

PartyPoker's new STT line-up follows:

Buy-in Fee Seats (Typical Savings)
$5,000 $10 6 ($190)
$5,000 $10 2 ($90)
$2,000 $10 10 ($80)
$2,000 $10 6 ($80)
$2,000 $10 2 ($40)
$1,000 $10 10 ($40)
$1,000 $10 6 ($20)
$1,000 $10 2 ($20)
$500 $10 10 ($20)
$500 $10 6 ($20)
$500 $10 2 ($10)
$300 $10 10 ($10)
$300 $10 6 ($10)
$300 $10 2 ($10)
$200 $10 10 ($6)
$200 $10 6 ($6)