"DaDumon" Turns 1 Cent Into $10,000

Published on October 6th, 2015 1:39 am EST

In its effort to continue to appeal to the recreational player, Pokerstars is hosting the "Common Cents" poker festival this week. The tournament series consists of a total of 14 tournaments, ranging from buy-ins of just 1 penny to 99 cents for Sunday's main event.

The first tournament of the series, the "Common Cents Kick-Off", took place earlier today. The event, which had a buy-in of just 1 penny, boasted a prize pool of $100,000. Many thousands of players with dormant accounts logged in today to put their tiny account balances to good use, as the tournament ended up attracting a total of 253,698 entrants.

The tournament, which was played in a turbo format, took roughly 6 1/2 hours to complete. In the end, "DaDumon" of Austria outlasted the massive field to take down the first place prize of $10,000. Given that the buy-in was just 1 penny, that is a pretty unreal ROI for "DaDumon".

A total of 26,923 players ended up cashing in the event. In addition, 500 randomly selected players received tickets to this Sunday's "Common Cents" main event, which will have a guaranteed prize pool of $25,000.

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Prior to today's "Common Cents Kick-Off" tournament, the record for the largest ever online poker tournament (by number of entries) was held by a $1 buy-in event with a $300,000 guarantee that took place on Pokerstars on June 16th, 2013. This event, which ended up attracting a total field of 225,000 players, was won by "Mr.SlavaPro" of Russia.

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As mentioned, Pokerstars is doing a full court press in order to attract more recreational players to its site. A tournament with a 1 cent buy-in and a guaranteed prize pool of $100,000 is certainly a good way to achieve this goal.

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Filed Under: Tournament Results