You had to know this was coming at some point. PokerStars is but only one week old in New Jersey and already it has unveiled a new Spin & Go promotion. Starting yesterday, March 28th (Happy Birthday to me!), PokerStars New Jersey is launching a $100,000 Spin & Go Special Edition promo, giving Garden State players a chance to win, you guessed it, one hundred grand playing in the popular three-handed Sit-and-Go tournaments.
As a refresher (who knows, maybe someone in New Jersey is reading this and has never seen a Spin & Go), PokerStars Spin & Go’s are three-handed, hyper-turbo Sit-and-Go tourneys with a winner-take-all prize pool (most of the time). The big twist with these tables is that the prize pool is not known until all three players are seated. At that point, a spinner appears on the table and reveals the prize. Most of the time, it will only be twice the buy-in, maybe four times, but in very rare circumstances, the prize pool can be, in the case of New Jersey, 1,000 times the buy-in.
On PokerStars’ New Jersey site, Spin & Go’s have four buy-in levels: $1, $2, $5, and $10. Here is what the probability table looks like for the different prize pool possibilities:
2x buy-in – 75,342 in 100,000
4x buy-in – 15,284 in 100,000
6x buy-in – 8,280 in 100,000
10x buy-in – 1,000 in 100,000
25x buy-in – 76 in 100,000
100x buy-in – 10 in 100,000
200x buy-in – 5 in 100,000
1,000x buy-in – 3 in 100,000
As you can see, the chances of hitting the top prize pools are slim. If that does happen, though, all three players win something for the top three prize levels. The winner takes the total prize pool, but the other two players receive an addition 10 percent of said prize pool. Thus, for the 1,000x tier, the winner in a $1 Spin & Go would receive $1,000 while the second and third place finishers would get $100 each.
Starting today, though, PokerStars has changed the $10 buy-in level, making the top prize $100,000. The second and third place contestants would each win $10,000.
The odds have changed, too:
2x buy-in – 729,196 in 1,000,000
4x buy-in – 189,652 in 1,000,000
6x buy-in – 7,500 in 1,000,000
10x buy-in – 5,000 in 1,000,000
25x buy-in – 1,000 in 1,000,000
100x buy-in – 100 in 1,000,000
200x buy-in – 50 in 1,000,000
10,0000x buy-in – 2 in 1,000,000
Again, remember that the “losers” in the three top tiers still get a prize worth ten percent of the prize pool, added on by PokerStars. Thus, the prize pool multipliers are effectively, 120x, 240x, and 12,000x. This promo is only for the $10 buy-in level. All other buy-in levels have their standard prize tiers.
The $100,000 Special Edition Spin & Go promotion will run until somebody hits the big one.
