Party Poker will launch its new Online Cash Game Championships (OCGC) on Monday, April 5th.  The OCGC is a seven-level competition in which players move up based on how they perform in cash games.
To determine the standings in each level, Party Poker will calculate each participating player’s profits at the required stakes during their first 400 hands of each day.  While players can play more than 400 hands, only the first 400 will count.  Even if someone were to make enough money to make it to the next level by just playing 100 hands, they wouldn’t qualify.
Level 1 will run from April 5th to 9th and will take place on the $0.50/$1 No Limit Hold’em tables.  Players whose best daily profit ranks in the top 30% of all participants will advance to Level 2.  Profits will be calculated by taking a player’s total winnings over the first 400 hands of the day and subtracting their total bets.  Just as players lose winnings to the rake normally, so will they in the OCGC.  Thus, while jackpot tables count towards the standings (any jackpots won do not), it may not be wise to play on them because of the extra rake.  Players can compete in all five days of the level, but only their best day will be considered.  Results do not carry forward to subsequent rounds.
Level 2 will also be at the $0.50/$1 No Limit Hold’em tables and will run from April 12th to 16th.  Once again, the top 30% will move on.  They will also receive a $50 cash prize.  In addition, players who did not advance past Level 1 will get a “Second Chance” and be allowed to compete in Level 2.  The catch: only 10% of the “Second Chance” players will advance to Level 3.
The stakes go up a notch in Level 3 to $1/$2 No Limit Hold’em.  This level is only three days long, from April 19th to 21st.  The top 30% will move on to Level 4 and win a $200 cash prize.
Level 4 is even shorter, taking place on April 26th and 27th, but is still at the $1/$2 stakes.  Here, the top 50 players will make it to Level 5 and get $400 in cash.
Level 5 is where things, as they say, start to “get real.”  Running on April 29th and 30th, the stakes will be $2/4 No Limit Hold’em.  Only the top 18 players will advance, but Party Poker will stake them for the next level.  Each player will receive $1,500 to use as their buy-in for Level 6 and another $1,500 to put away.
In Level 6, the stakes go up to $5/$10 No Limit Hold’em and players must begin at 4:00pm ET on May 3rd.  This time, their first 500 hands will count and players must play a minimum of 400 hands.  Players must buy-in for at least the $1,500 they won in Level 5, but can come armed with as much as $3,000.  The top six players will make the final level and receive $5,000 for their buy-in and $5,000 for their online poker account.
At Level 7, the final table, the game is serious: $25/$50 No Limit Hold’em.  The minimum buy-in is $5,000 and the maximum buy-in is $10,000.  All six players must sit down at 4:00pm ET on May 7th and play at least 400 hands.  As was the case in Level 6, each player’s first 500 hands will be counted.
In the end, the player who turns the most profit at the final table will win $40,000.  Second place will receive $20,000, while third place will win $10,000.  As a small bonus, no rake will be taken in Levels 6 and 7.  If there is a tie anywhere along the line, the tiebreaker will be the largest pot won by the players in question.  Visit Party Poker for more information.

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