If there are 1,000 players in this event, there is $500,000 in the bounty pool. The event I played at BestBet was a $1,680 buy-in mystery bounty tournament with $180 paid to the house as the entry fee, $500 going into a bounty pool, and $1,000 going into the prize pool paid to those who cash. You may get $100 or you may get $20,000, depending on how the bounty was randomly assigned (or drawn). However, instead of everyone receiving the same bounty amount, there is a wide range of bounties. But on Day 2, bounties are awarded every time a player is knocked out. In large, multi-day mystery bounty tournaments, Day 1 proceeds as a normal non-bounty tournament, with everyone who advances to Day 2 being in the money. Understandably, these tournaments create a lot of excitement for players. The Mystery Bounty tournament combines elements of both bounty and non-bounty tournaments, as well as the luck of a random prize drawing. Although I didn’t cash, I thought it would be worth telling the story and talking about the optimal strategy, especially given that there is a new bracelet event at the World Series of Poker this summer (Event #68, “Million Dollar Bounty”). Last weekend I played in a “Mystery Bounty” event at BestBet cardroom in Jacksonville, Florida.
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