OlyBet Showdown Riga Voodoo Bounty: A Bounty Extravaganza in the Heart of Riga

The 2024 OlyBet Showdown Riga Voodoo Bounty is set to take the poker world by storm from September 14 to 22 at the prestigious Olympic Voodoo Casino in Riga, Latvia. This nine-day festival promises an unforgettable experience for players of all levels, with a thrilling bounty theme and a wide array of tournaments.

Nestled in the heart of Riga, the Olympic Voodoo Casino is a breathtaking venue that has provided many memorable poker experiences over the years. With its convenient location, the casino is the perfect setting for this historic poker festival, which marks the largest event of its kind in Latvian history.

The 2024 OlyBet Showdown Riga Voodoo Bounty features an impressive lineup of 25 tournaments, including satellites and the highly anticipated €350 Main Event. The Main Event, scheduled for September 18-21, is a three-day affair that promises to be the highlight of the festival. With a bounty theme throughout the festival, players can secure coveted Latvian flags and make their mark on the poker scene.

Bounty tournaments are different in many ways from non-bounty events. But there are also several differences within the types of bounty events on the schedule, so let’s dive into the different types of bounty tournaments you can expect at the OlyBet Showdown Riga Voodoo Bounty.

Standard Bounty Tournaments

Bounty tournaments have existed since the 1970s and have grown in popularity since then. Although there will be no standard bounty tournaments at the OlyBet Showdown Riga, they are often held during the week at various OlyBet-branded casinos across Europe.

In standard bounty events, each player has a fixed bounty on their head, and the player who eliminates them earns the bounty prize.

As an example, in a €555 Bounty Event, it could be structured so that €250 of each player’s buy-in goes towards the prize pool, €250 goes towards bounties, and €55 goes towards the tournament fee. Regardless of the stage of the tournament, if Player X eliminated Player Y, Player X would instantly collect €250.

Progressive Bounty Tournaments

Progressive bounty tournaments, also known as PKOs, developed this century and have forged ahead with the assistance of online poker. Many online poker rooms, including OlyBet Poker, host a full range of events at affordable buy-ins.

The tournaments feature a unique twist on the standard bounty format. As players are eliminated, the bounty on the remaining players increases, creating an ever-escalating incentive to knock out opponents. Typically, as is the case at the OlyBet Showdown Riga Voodoo Bounty, there is a 50/50 split between the amount a player collects on a bounty that goes into their pocket as earned money from the bounty and the amount that gets added to their own bounty.

The last player standing can win more than the winner’s prize from the prize pool as they not only collect the big bounty of the runner-up but collect their unclaimed bounty on their own head as well.

For example, Player X and Player Y both start with a progressive bounty of €100 on their heads. Player X eliminates Player Y. Player X collects half of the €100 and puts €50 of chips in their pockets as earned money, and the other €50 gets added to their bounty. If Player Z eliminates Player X, they will add €75 to their own bounty while collecting €75 as a cash reward. This will continue until a winner is crowned.

The OlyBet Showdown Riga Voodoo Bounty will be showcasing Progressive Bounty events as follows:

Mystery Bounty Tournaments

Mystery bounty tournaments are a relatively new addition to the poker community, gaining significant traction in the past few years. The format was introduced in the summer of 2021 during the Wynn Poker Classic when Uri Reichenstein won the $1,600 Mystery Bounty for $217,948. While Reichenstein was the champ, many eyes were on Jay Kovoor, who won the top mystery bounty prize of $100,000. Since this event, there have been plenty of mystery bounty events, including at the World Series of Poker, where Matt Glantz famously won the $1 million top mystery bounty prize. In addition, OlyBet Poker and other online operators helped grow the Mystery Bounty format with tournaments on a regular basis as part of their schedule.

The mystery bounty format is closer to the standard than progressive bounties. However, there are still some significant differences poker players should be aware of.

The first difference is that bounties in Mystery Bounty events are typically introduced at a fixed period of time. In most cases, this is after players are in the money, but sometimes it can be sooner or, in some extreme cases, later.

The other twist is in the title. Although the bounty prize pool is fixed, the amount collected for each player is not. Instead, after eliminating a player, they draw from a pool of concealed bounty prizes, which can vary greatly in value, adding an exciting element of surprise to the game.

The mystery is part of the thrill in these events. When a player is eliminated, they receive a mystery envelope containing a bounty prize. The amount can range from a small value to a life-changing sum, adding an element of surprise and anticipation to the proceedings.

Three events on the schedule boast the Mystery Bounty format, including the much-anticipated three-day €350 NLH Mystery Bounty Main Event on Sept. 18-21, the two-day €250 NLH DeepStack Mystery Bounty on Sept. 16-17, and the two-day €555 NLH Mystery Bounty to wrap up the festival on Sept. 21-22. Check out the Mystery Bounty events below or head to our article breaking down the schedule to learn more about all of the events at the 2024 OlyBet Showdown Riga Voodoo Bounty.

The 2024 OlyBet Showdown Riga Voodoo Bounty 2024 is a must-attend event for any poker enthusiast looking for an exciting and memorable experience. With its stunning venue, friendly staff, and innovative bounty formats, this festival is set to redefine the poker landscape in Latvia as OlyBet spreads its brand across the region. Don’t miss your chance to be a part of history and secure your spot at the tables. See you in Riga!