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The Venom $8,000,000 GTD starts January 22nd, 2021

The US-friendly site Winning Poker Network (WPN) has announced the timing of its TOP tournament event — The Venom. This is the fifth tournament of this kind. The multi-day event will run from January 22nd to February 3rd, 2021 and will feature an $8 million record guaranteed prize pool.

The Venom $8,000,000 GTD starts January 22nd, 2021

What is known about The Venom 2021?

At the beginning of December 2020, the Winning Poker Network gave its players some information about the features of the upcoming tournament. The two main ones are the dates and the amount of the guaranteed prize pool.

The $2,650 Venom 2021 for will start on January 22nd and will have a minimum prize pool of $8,000,000.

  1. Day 1A: Friday, January 22nd.
  2. Day 1B: Sunday, January 24th. 
  3. Day 1C: Friday, January 29th.
  4. Day 1D: Sunday, January 31st.
  5. Day 2: Monday, February 1st.
  6. Day 3: Tuesday, February 2nd.  
  7. Final Table: Wednesday, February 3rd. 

That is, the network decided to hold the next Venom just three months after the end of the previous one and for the first time to do it at the end of winter, not as it was before — in July or December. Why this particular time was chosen is not known.

WPN decided not to break another tradition of increasing the size of prizes and again added one million dollars to it, although the last The Venom (not in PKO format) raised $9,680,000 with a guarantee of seven million, so we were hoping for a ten million dollars event.

The Venom satellites

Qualifying tournaments will appear in the lobby of the network on January 1st, 2021. That is, they will only run for a month, although The Venom this time must gain at least 3,200 entries in order to cover the guaranteed prize. Of course, additional raffles for tickets may be announced later, but there will be very little time for them. 

As for the satellites, there will be no new products in this area. 

  1. Venom Blitz Steps — 9-level fast poker tables. The player receives a ticket to each next level by getting a stack of 5,000 chips, with an initial from 700 to 1,800. The minimum buy-in is $0.11
  2. Venom On-Demand Step — 9-level steps with late registration and tickets guaranteed. At the first level, these tournaments will be freerolls. 

Winning Poker Network traffic

Winning Poker Network traffic

Why did the network decide to host The Venom with a record guarantee at the end of winter? Are the organizers hoping to take full advantage of the Christmas peak traffic? Otherwise, how else to explain such a short period of operation of the satellites (only a month). After all, for the previous Venoms, they went up to six months! 

To at least roughly estimate how WPN’s ambitions match its traffic size capabilities, we can compare the number of players on the network during the last The Venom held in winter (December 2019) and now. 

  2019 2020-2021 Difference
Required entries to cover the guaranteed prize pool 2,400 3,200 33%
Players 2,696 ?  
Cash games traffic (PokerScout) 700 950 36%

The table shows that the increase in the number of entries required to beat the guarantee roughly corresponds to the increase in the number of games in the rooms of the network over the past year. So, most likely there will be no overlay in The Venom 2021, but whether it will be able to set a new record for American poker sites, we will only know in two months.

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Vargoso 06.12.20
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