This March, GGPoker is running what it dubs as the “biggest value tournament” of all time. Its flagship Sunday tournament GGMasters will celebrate its second anniversary on March 20 and the operator wants to make sure players get massive value by increasing the guarantee from the usual $500,000 to an astonishing $5,000,000.

Key Details

As a way of giving back to its loyal players who have shown strong support for GGMasters since its launch back in 2020, GGPoker will host an “overlay edition” of the tournament which gets underway on March 20. The special tournament comes with a huge $5,000,000 guarantee for the same buy-in of $150.
There will be three Day 1 flights for Asia, Europe, and the Americas, but players are only allowed to enter once as the tournament will keep its freezeout format. There will be no re-entry and no re-buy. Day 2 of the tournament runs on March 21.
The tournament will go head to head with PokerStars’ Sunday Million anniversary which also takes place on the same weekend, guaranteeing $10 million for a buy-in of $215.

Tournament Will Likely End With Overlay

With the buy-in maintained at $150, the tournament should attract more than 36,000 players to cover its $5 million guarantee which is almost impossible, but that’s what GGPoker wants to see. An overlay greatly benefits the players as it allows them to compete for the same prize pool against a lesser number of opponents, increasing their win rate.
While an overlay means some extra expenses for the poker room, GGPoker’s main goal for the tournament is to provide the best value for players.
Since the tournament has no cap, an overlay is not assured, but it will most likely struggle to even come close to the target. To put things into perspective, the regular GGMasters tournament which has a guarantee of $500,000 doesn’t always attract the required number of entries. Even PokerStars’ $109 buy-in Sunday Million skirts with overlays on a regular basis.
PokerStars’ recently-concluded Big 20 Finale, which featured the same $5 million guarantee but with an entry fee of $55, nearly pulled it off, after drawing 96,000 entries, just 4,000 shy of the 100,000 target. But the tournament allowed re-buys and re-entries which helped boost the figures. The same cannot be said for the upcoming GGMasters second-anniversary tournament.
In the absence of re-entries and re-buys, it will almost certainly struggle to come close to its target. Of the 96,000 registrations recorded by the Big 20 Finale, just around 58,000 were unique entries, meaning a huge percentage of the field was covered by the re-entries/re-buys. To hit its $5M guarantee, GGMasters has to attract two-thirds of that number, with the participants having to pay more than three times the entry fee.
GGPoker global ambassador Daniel Negreanu is pretty convinced the special GGMasters second-anniversary edition will become an overlay tournament and he’s encouraging players to give it a shot.

GGMasters Popular Among Players

The first GGMasters took place in January 2020 with an initial guarantee of $250,000. The first few weeks of the tournament were challenging as it would often end up with overlays, but despite the setbacks, GGPoker decided to up the ante first to $300K, till it grew to $500K. After six months, the tournament began to pick up steam and eventually managed to attract enough players to hit its guarantee every week.
The tournament has been a success, with GGPoker transforming it to a week-long schedule in 2021. Players competed for $2.5 million in guarantees across tournaments running daily each week, including the $1,000 buy-in, $1M GTD GGMasters High Rollers on Sunday.
If you’re keen on taking part in the special GGMasters tournament this March for a fraction of the price, be on the lookout for satellites starting at $2 which will run on the GGPoker client soon.

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