In preparation for the 2010 World Series of Poker, Ultimate Bet has announced several very nice promotions. There are three different promotions related to the 2011 WSOP. Each of these promotions is potentially worth a lot of money for anyone out there interested in winning a trip to the WSOP through UltimateBet.com.

Show Up and Get Paid

This one is my favorite WSOP promotion of the three. The basic idea is that if you win a trip to the WSOP through any Ultimate Bet satellite tournament, you’ll win cash just for showing up. The minimum cash prize you’ll win is $1,000 but that number goes up depending on how many people qualify for the WSOP at UB.

Ultimate Bet will add money to the prize pool for every player who qualifies for the WSOP. At the WSOP, 75% of the entire prize pool will be split evenly between everyone who shows up. The remaining 25% is divided up among anyone who makes the money in the Main Event.

The amount of money added for each player depends on how many people qualify for the WSOP through Ultimate Bet. The chart below is straight from the UltimateBet.com website and shows how much money is added per person.

Let’s say for example that 25 people qualify for the WSOP at UB. That would make the prize pool for this contest worth $2,000 x 25, or $50,000. Out of that money, 75% would be split among each player. In this case, each player would receive $1,500 at the end of the tournament. Let’s say that one person makes the money. That person would receive the remaining prize pool of $12,500. If nobody makes the money, the entire prize pool is split evenly among each player.

King of Satellites

Satellite specialists will like this promotion because you don’t have to quit playing satellite tournaments after you win a seat to the World Series of Poker. For every additional entry you win after the first one, you’ll receive $12,000 in cash. On top of that, you’ll be ranked on the King of Satellites leaderboard.

At the end of the promotion, the top players on the leaderboard will earn the following prizes:

1. $5,000 in tournament dollars
2. $2,000 in tournament dollars
3. $1,500 in tournament dollars
4. $1,000 in tournament dollars
5. $750 in tournament dollars

These prizes aren’t exactly mind blowing when compared to the $12,000 cash prize you’ll also receive for each additional WSOP seat you win. Even so, an extra $5,000 never hurt anyone. If you’re that good at tournament play, who knows what you might win with all those tournament dollars.

Final Table Sponsorship

If you make it to the final table of the Main Event this year, UltimateBet.com will give you a sponsorship agreement worth up to $750,000. In return for your endorsement of Ultimate Bet for one year, you’ll be handsomely compensated. These prizes are determined by your final position.

1. $750,000
2. $350,000
3. $225,000
4. $200,000
5. $175,000
6. $150,000
7. $125,000
8. $100,000
9. $75,000

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