As of April 5th 2014, we have STOPPED collecting the Jackpot fee from the customers and we have started taking the money to feed the Beast from the rake. This way the Beast will transform itself into a true freeroll for the customers. The Treasures will now be found at ALL tables.
How does it work?
From all tables we will take $0.02 out of every $0.06 in rake and put it in the jackpot. The Jackpot is not fed and no points are awarded if the rake taken from the pot is less than $0.06. We are also setting a max amount to be put in the Beast per hand depending on the number of players playing at the table:
Rake feeding the jackpot
2 Players at the table
$0,02 out of every $0,06 in rake
up to$ 0,04
3 Players at the table
$0,02 out of every $0,06 in rake
up to$ 0,08
4 Players or more at the table
$0,02 out of every $0,06 in rake
up to$ 0,24
1. At a 9-handed full ring table, everybody folds except for 4 players (A, B, C and D) who see the flop, each paying $10 pre-flop.
2. Player A goes all-in on the flop for another $50. B and C folds and D calls the $50. The total pot size is now $140. At the end of the hand $3 rake gets taken from the pot ($2.76 as net rake and $0.24 is fed to the Jackpot).
3. When using the Weighted Contributed method, this would mean that only the four participating players will receive a total of 12 Beast Points as follows:
Player A receives 5.14 Points
Player B receives 0.86 Point
Placer C receives 0.86 Point
Placer D receives 5.14 Points
The Cash Race:
On a weekly basis, the points that players earn are tallied. This will designate your position on the Beast Leaderboard. Of course, the more points you earn, the higher position you will have on the leader board. Beat the others to the top of the Beast Leaderboard and earn large sums of cash.
The cash race payout structure is calculated based on the size of the prize pool, when the prize pool grows so do the number of places that are paid.
There are four payout tiers in the Beast:
Tier 1: $2,500
Tier 2: $1,000
Tier 3: $250
Tier 4: $100
For every $10,334 in the Beast cash prize pool, the prize pool adds:
One Tier 1
Two of Tier 2
Five of Tier 3
Twenty of Tier 4
Reseed the next race with $2,584
Residual funds (between multiples of $10,334) as the Beast grow are applied to the top places in Tier 2, Tier 3, and Tier 4 – maintaining each respective cap amounts.
The Tournament Race
The Beast is an innovative way of acknowledging more of our dedicated poker player by rewarding them more opportunities to earn MORE Cash and Prizes. Although we know that you love the excitement of the online grind, we also know you love exclusive land-based tourneys, too. That’s why the Beast leaderboards also includes a separate component that awards seats in satellite tournamentsfor major tourneys like the Punta Cana Poker Classic, WSOP Main Event, and Million Dollar Sunday. As the prize pool grows, we will be able to hand out more and more seats to more and more players at the end of each week. It’s that simple! More equals More, Which means MORE for YOU!
Each Player receives one tournament entry based on the total amount in the prize pool and their individual placement position earned on the overall leader-board during the qualifying period. In turn they will be automatically registrated in the specific Satellite tournament. Please refer to the rewards tab (the Beast section) for further information.
Tracking Your Progress
Individual players can check their progress simply by entering the PokerKing client. Once you are in the lobby click on the Beast counter, from there you can see you current position: the amount of points earned: and if you are currently winning a tournament entry. You’ll also get all the details about the tournament such as tournament start date and guaranteed prize pool.
The rankings are updated frequently, so be sure to check back often.
Remember, the MORE you play the MORE you win because the MORE people play, the higher the Jackpot grows!
Each qualifying period is from Saturday at 00:00 until the following Friday at 23:59 ET
Each player ranked on the Beast leader-board automatically competes for BOTH the cash prize and the tournament prize
Cash prizes are paid out from Saturday to Monday following the close of each weekly competition. Money will arrive in winners’ accounts by midnight GMT on Monday.
Heads-up tables do not qualify for this promotion.
Players are responsible to play in the assigned online tournament won through the Tournament Race competition. Players that don’t play the tournament will be deemed to be “no shows” and will forfeit their tournament entry prize.
25% of the overall jackpot will be taken to the reseed of the next jackpot
Tournament entries won in the Beast are non-transferable and may not be redeemed for cash and hold no cash value
The Beast Points are updated in real time.
No points will be awarded for participation in tournaments or Sit n Go’s.
www.pokerking.com contributes to and makes use of a shared industry database of promotion abusers. A promotion abuser is defined as a player who uses promotional moneys to deviously profit from promotions that are offered in good faith, by the poker room with a view to gaining player loyalty. Such players generally accept bonuses, wager the minimum amount and immediately withdraw. If you were identified and determined to be part of this database and are considered a promotion abuser, then www.pokerking.com reserves the right to deny any claims/redemptions of any promotions.
www.pokerking.com management reserves the right to bar any promotion abusers from receiving any further promotions, and or lock the player’s account as well as the right to pass on any information utilizing the services of some other poker rooms.
Noncompliance with any of the promotional terms and conditions shall be deemed as “Promotion Abuse” and as such, gives the poker room the right to take appropriate actions set forth on the preceding rules at its sole discretion
For the purpose of this promotion, dates and times shall be calculated according to Eastern Time Zone.
Management and staff of www.pokerking.com (and those of any of its holding, associate and subsidiary companies), its licensors, distributors, wholesalers or affiliates, its advertising, promotion or other agencies, and members of the immediate families of each of the above, are not eligible to participate in any promotions. Should there be any confusion whatsoever as to the conditions applicable, you are encourage contacting support immediately.
In case of conflict or discrepancy between the English language version of these terms and conditions and the translated versions in all other languages, the English languages version shall prevail.
In the event of any dispute, the decision of www.pokerking.com management will be considered full and final. No correspondence will be entered into.
www.pokerking.com reserves the right to terminate any promotion at any time without prior notice or obligation to you.
PokerKing reserves the right to modify or revise the terms and conditions at any time, without notice to players. Such amendments will become effective immediately upon being listed at www.pokerking.com. It is the players’ sole responsibility to review the rules, policies and conditions, and remain abreast of any changes.