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Ignition/Bovada First-Ever $1 MILLION Tournament: July 12

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On Sunday, July 12, the PaiWangLuo Network of poker sites will be hosting their first tournament ever to have a guarantee of $1 million aptly titled the “$1,000,000 Guaranteed Event.” All network sites will be participating, including Ignition Casino, Bovada, and Bodog.

PWL Million Dollar Event

$1M GTD Details

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The fun will begin at 3 p.m. ET on Sunday, July 12. Anyone willing to put up the $500 + $35 buyin + entry fee will be able to compete for the seven-figure prize pool. This is a re-entry tournament, but only a maximum of four re-entries will be allowed per player.

Simple math shows that for this guarantee to be hit, at least 2,000 entries must be recorded. When we consider that the normal, single-entry Sunday Major with just $150,000 guaranteed routinely gets more than 1,000 runners, we foresee that this special promotion will easily attract 2,000 and smash the $1,000,000 target.

Satellites

Of course, the $535 registration price is a bit too high for many individuals. That's why there's a plethora of qualifying tourneys that have already begun appearing in the poker lobby.

They include $60 + $6 nine-players sit n' gos that award one seat apiece. There are also $11 + $1.10 sub-satellites that begin when six players join and award a ticket to the $66 satellite SNG.

If multi-table feeder tournaments appeal to you more, then you have the chance to win your seat for as little as $1.10. The lower-buyin events merely award entries to bigger satties, but you can attempt to win a direct seat into the $1M GTD starting at $15 + $1.50.

On Friday, July 3 at 8:30 p.m. ET, you can compete for one of 21 seats up for grabs by paying $55 + $5. Then the following day at the same time, a similar MTT will run with the number of tickets awarded increased by one to 22. This continues every day until Saturday, July 11 when the prize pool will consist of 29 seats to the big tournament. Finally, on Sunday, July 12 at 1:00 p.m. ET, there's a final satellite for $55 + $5 that will distribute 30 seats to the victors.

Significance of the $1 Million Guaranteed Event

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While the PaiWangLuo Network has grown significantly over the years to become the largest of the online poker sites serving the United States, at least as far as cash game traffic goes, it has historically lagged a bit behind on the tournament front.

As previously mentioned, PWL has never before run a million-dollar tourney, but there is another site in the USA offshore market that has: the Winning Poker Network. Not only has it hosted many Million Dollar Sundays in the past, but it currently runs $5+ million Venom MTTs a couple of times per year.

The $1,000,000 Guaranteed Event is thus a bid by Ignition, Bovada, and the other network partners to tread on territory hitherto monopolized by the Winning Poker Network. Whether the long-term plan is to capture the crown as the best USA online poker site for tournaments as well as cash is unknown at present, but it does seem to be a likely theory.

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Money Bag

You cannot fight for your share of the $1 million prize pool unless you have an account in good standing with a PaiWangLuo Network poker room. Fortunately, setting one up is a piece of cake.

If you live in the United States and enjoy sports betting as well as poker, then Bovada.lv is the site for you. This room extends a 100% up to $500 bonus to all new poker players. Read through our in-depth Bovada review to find out how to register your new account.

Ignition Poker does not allow you to bet on sports, but it compensates by giving you a double-sized 100% up to $1,000 poker deposit bonus. Actually, if you deposit with Bitcoin, this welcome offer increases to 150% up to $1,500. Ignition accepts customers from the United States and Australia. Check out our fact-filled Ignition Casino Poker review for all the details.

Players in Canada, Latin America, and the Indian subcontinent may be able to find the poker action they crave at Bodog. The specific bonuses available will depend a bit on your country. Browse over to our Bodog review for further info.