Massive Prize Pool For FTOPS XIX Main Event

Published on February 20th, 2011 8:03 pm EST

Late registration in the FTOPS XIX main event has just closed, and the final entrant/prize pool numbers are incredible.

14,479 total entries were purchased for the FTOPS XIX main event, which ended up creating a total prize pool of $8,687,400. The main event used the "multi-entry" format which allowed players to buy in up to six times, which many players took full advantage of. This resulted in the largest-ever prize pool for a Full Tilt Poker tournament and one of the largest-ever prize pools for an online poker tournament.

Many people were expecting the prize pool for the FTOPS main event to easily cruise past the $3 million guarantee thanks to the "multi-entry" format, but I don’t think that many people were expecting quite this many entries.

The nearly $8.7 million prize pool means that the eventual winner of the FTOPS XIX main event will walk away with $1,326,044.74, while the runner-up will take home nearly $900k. The FTOPS main event is not a two-day event (unlike the WCOOP main event), which means that the winner will likely be crowned late Monday morning.

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The "multi-entry" format has proven to be very lucrative for Full Tilt Poker, and the FTOPS main event was no different.

Full Tilt collected $40 for each and every entry in the FTOPS XIX main event, meaning that they banked nearly $580k for just one tournament (and this doesn’t include any money that was generated from main event satellites). Many people don’t seem to like the "multi-entry" format, but it has certainly proven to be very profitable for Full Tilt Poker so far.

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Even Phil Ivey, who has publicly stated that he doesn’t enjoy playing on too many tables at once, has gotten in on the fun, as he ended up purchasing a total of four entries to the main event.

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Filed Under: Online Poker Rooms