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The 50/50 Series 46: $50 NLHE Main Event is a can't miss tournament on Sunday, Feb. 7-9 at PokerStars.
If you are asking why, the answer is very simple as the tournament guarantees at least a whopping $1 million prize pool for just a $50 buy-in!
The event is the crown jewel of the inaugural 50/50 Series, that boasts 50 tournaments featuring $50 buy-ins and $6.2 million in combined guarantees, from Jan. 31 to Feb. 7.
Read on to learn more about what promises to be an amazing event.
About the 50/50 Main Event
The 50/50 Series $50 Main Event is your chance to snag a huge payday without needing to fork out hundred of dollars or even more doing so. The only downside that comes with a small buy-in and a big guarantee is that the field will be massive as it will take at least 22,003 entries for the tournament to surpass the lofty $1 million guarantee.
If the $50 buy-in is too much for your bankroll, even for a one-time, can't miss event like this one, rest assured you still have plenty of time to get into this event cheaply with satellites starting at just $1.10.
LEARN MORE: How to Turn $1.10 Into a 50/50 Series Main Event Seat at PokerStars
Sometimes players are concerned (and often rightfully so) about the structure of an event that is predicted to get at least 20,000 entrants. Rest assured that PokerStars has provided a great structure with tons of playability.
Players kick off the event on Sunday, Feb. 7 at 6 p.m. GMT with a 100 big blind stack of 25,000 in chips and blinds increasing relatively slowly at every 15 minutes.
If things don't start as planned players can't opt to re-enter up to three-times during the 195-minute late registration window.
Day 1 ends after eight hours at 50 minutes of action with surviving players returning for Day 2 on Monday, Feb. 8 at 6 p.m. GMT. Day 2 players will compete until a nine-max final table is set, which will play out on Tuesday, Feb. 9 at 6 p.m.
Check Out The 50/50 Series Weekend Schedule
| Date | Time (GMT) | Event | Buy-in |
|---|---|---|---|
| Feb. 5 | 3 p.m. | 50/50 Series 32 Daily Marathon SE, $50K Gtd | $50 |
| 4:30 p.m. | 50/50 Series 33 Progressive Total KO Zoom, $50K Gtd | $50 | |
| 6 p.m. | 50/50 Series 34 Progressive KO Mini Bounty Builder SE, $250K Gtd | $50 | |
| 8 p.m. | 50/50 Series 35, $100K Gtd | $50 | |
| 9 p.m. | 50/50 Series 36 HORSE, $15K Gtd | $50 | |
| 10 p.m. | 50/50 Series 37 Fast Friday SE, $50K Gtd | $50 | |
| Feb. 6 | 3 p.m. | 50/50 Series 38 Daily Marathon SE, $50K Gtd | $50 |
| 4:30 p.m. | 50/50 Series 39 Progressive Total KO Zoom, $50K Gtd | $50 | |
| 6 p.m. | 50/50 Series 40 Progressive KO Mini Bounty Builder SE, $250K Gtd | $50 | |
| 8 p.m. | 50/50 Series 41 Zoom, $75K Gtd | $50 | |
| 9 p.m. | 50/50 Series 42 NLO8 Progressive KO, $25K Gtd | $50 | |
| 10 p.m. | 50/50 Series 43 Progressive KO Saturday Duel SE, $75K Gtd | $50 | |
| Feb. 7 | 3 p.m. | 50/50 Series 44 Daily Marathon SE, $100K Gtd | $50 |
| 4:30 p.m. | 50/50 Series 45 Progressive Total KO Zoom, $75K Gtd | $50 | |
| 6 p.m. | 50/50 Series 46 Main Event, $1M Gtd | $50 | |
| 8 p.m. | 50/50 Series 47 Progressive KO, $175K Gtd | $50 | |
| 9 p.m. | 50/50 Series 48 PLO, $40K Gtd | $50 | |
| 10 p.m. | 50/50 Series 49, $100K Gtd | $50 | |
| 11 p.m. | 50/50 Series 50 Series Wrap-Up, $75K Gtd | $50 |
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Hundreds of Dutch poker players are set to receive years of paid gambling taxes on PokerStars according to reports by CasinoNieuws.nl.
After a lengthy back-and-forth battle with the Dutch tax agency, Dutch poker players are set to be reimbursed millions in paid taxes on the world's #1 online poker site.
According to current Dutch gambling law dating back to 1964, poker is considered a form of gambling. Poker players in the Netherlands are to pay a monthly gambling tax on winnings that occur in that period, including poker. In 2015, however, the Dutch Supreme Court ruled that players on poker sites established within the EU are exempt from these taxes. Since 2012, players in the Netherlands have been accessing PokerStars through PokerStars.eu.
PokerStars.eu: Isle of Man or Malta?
Determining the official place of business of PokerStars.eu has been the kicker throughout the legal war. The Dutch tax agency advocated that PokerStars.eu is located on the Isle of Man, outside of the EU, while the Dutch poker group named Malta as PokerStars.eu's official place of business. After lower courts established different rulings on the subject and the Supreme Court allowing each verdict to stand, an onslaught of individual cases was looming at tons of smaller courts.
To prevent having to fight over hundreds of cases, the Dutch tax agency offered a settlement agreement to reimburse all paid taxes over poker winnings on Stars from the past nine years. The settlement was offered to lawyer Pepijn Le Heux, representative of a group of about 130 players including some of Holland's finest. It's expected to be offered to other legal councils of players as well in the near future.
While the settlement officially recognizes PokerStars.eu to be located on Malta, for PokerStars.fr, a French skin that was accessible to Dutch players in earlier years, it was decided its HQ stands on the Isle of Man instead of France. As part of the settlement, Dutch poker players will have to agree to officially pay taxes on their PokerStars.fr winnings. This tradeoff is expected to be acceptable to most of the represented players, with the majority of them expected to sign the deal.
CasinoNieuws' Frank Op de Woerd welcomed the new agreement, saying: 'I'm glad that after such a long period of time, there is now an agreement on the table that is favorable to the bulk of poker players. This closes a chapter that has been going on for so long. I expect most poker players to accept the agreement, although they will have to pay taxes on their PokerStars.fr winnings.'
New Remote Gaming Law in 2021
Online poker sites are currently facing heavy restrictions to conduct their gaming business in the Netherlands. Sites such as PokerStars and partypoker, however, remained accessible to the Dutch over the years, while others like GGPoker and Winamax opted to fully withdraw from the market.
With the official place of business being important to the courts, Brexit has also affected current gaming taxation in the Netherlands. Both partypoker and 888poker, located in Gibraltar, are officially out of the EU since January 1st and affected by the Dutch law. While PokerStars is now tax-free, these two sites travel the other way. Dutch players will now be subject to gaming taxes on both sites regardless of this settlement.
Fortunately for the now non-EU operators, the skewed landscape won't last long. On April 1st. 2021, a new Remote Gaming Law will replace the archaic law from the '60s, allowing all poker sites to officially apply for a license. It's expected that all major operators will be among those interested in gaining a foothold in the market.
Is Pokerstars Down
Tax liability will shift from the players to the operators under the new law, providing a gambling tax-free environment for players and likely preventing long drawn-out cases like these to occur again.
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