Cake Poker holding $100k Gold Fest Tourney Series

It’s hard finding somebody who doesn’t love playing in poker tournaments for free cash – especially when you’re talking about a collective $100,000 in free money! That said, the Gold Fest tournament series at Cake Poker is very enticing because it’ll feature five different tourneys from October 7th to November 4th where a collective $100k is given out.

The entry for each tournament is a specific Gold Card, and these are awarded randomly in cash games when tables reach a predetermined rake requirement. Assuming you don’t have the correct Gold Card for a certain event, you can always earn it through satellites (discussed later) or buy it through “The Exchange.” Now here’s a quick look at the upcoming Gold Fest tournament schedule (all times 7pm GMT):

• Sunday, October 7th, 2012 – Event #1 $20,000 Gold Fest


• Sunday, October 14th, 2012 – Event #2 $20,000 Gold Fest


• Sunday, October 21st, 2012 – Event #3 $20,000 Gold Fest


• Sunday, October 28th, 2012 – Event #4 $20,000 Gold Fest


• Sunday, November 4th, 2012 – Event #5 $20,000 Gold Fest

Satellites
Starting September 28th, 2012, Cake will begin running satellites where over 100 Gold Fest tournament tickets are given out each day. You can find the satellites in Cake’s software, and each individual tourney offers 7 seats to a corresponding Gold Fest event. Here’s a look at the times when you’ll find satellites running (all times GMT):

1am, 3am, 5am, 1pm, 4pm, 7pm, 9pm and 11pm

There are 16 satellites running each day, and two tourneys take place at each scheduled time. The reason why two tournaments run simultaneously is because each satellite offers a different Gold Card prize. For example, one might offer Gold Card 10 of Clubs Series 12, while the other gives out Gold Card 10 of Clubs Series 7.

Cake Poker Rakeback
Aside from having a chance to play in $100k worth of free Gold Fest events, you should also note the 36% rakeback available at Cake Poker. To take advantage of this deal, you need to sign up at Cake through RakeTheRake; this will also put you in line for an exclusive 200% up to $4,000 signup bonus.