Event #50: $2,100 No Limit Hold'em Bounty Championship
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No Limit Hold'em Bounty Championship is Set to Go

WSOP GGpoker

The GGPoker World Series of Poker (WSOP) Online is well underway, and there's another bracelet to give away today. On deck for Tuesday is Event #50: $2,100 No Limit Hold'em Bounty Championship.

The progressive bounty format is just like a typical multi-table tournament, except there are extra prizes to be won with every knockout. Player bounties start at $500, and for every other player they knock out, 50% of the busted player's bounty is given out immediately in cash, while the other 50% is added to the surviving player's bounty. That tends to open the action up significantly, as when a bounty is in play, the odds required to call can drop so much, there are spots where it's profitable to call off with any two to take a bounty.

With just over an hour to go till the first hand is dealt, there are just under 150 entries recorded for today's Championship, including some very big names. Among the runners already in the field are GGPoker ambassadors Felipe Ramos, Michiel "Easterdamnz" Van Elsacker, and Daniel Negreanu, as well as Pete Chen, Sergey Rybachenko, Mikhail Semin, Danny Tang, Thai Ha, Daniel "Dan.Almeida" De Almeida, Niklas "NikkyMouse" Ehrenholz, Andrii "BabyShark19" Kozlenko, Kevin Martin, JinHo Hong, Peter "BIG CHI" Chien, Ramon "PapaChips" Kropmanns, Joel "Pertti_58" Holmberg, Diego "El Motron" Ostrovich and Patrick "Egption" Tardif among many others.

Action on the Bounty Championship gets underway at 2 p.m. Eastern time, and they'll play down to a winner in this one-day event. PokerNews will be following the action to bring you chip counts and big hands through the day, so stay tuned here to find out who is going to win the next GGPoker WSOP Online bracelet.

Tags: Daniel NegreanuDanny TangFelipe RamosJinho HongKevin MartinMikhail SeminPete ChenSergey RybachenkoThai Ha