PokerStars is the world's largest poker site; earlier this year it ran a special series with micro buy-ins, and is about to launch another one.
Details of the previous MicroMillions event can be found here, and details of the next one can currently be found here. These promotions are not only very popular but are extremely good value for money, even if you don't win anything.
No Limit Hold 'Em - the dominant game - is always dodgy, to put it mildly. Even the best players in the world can get busted out of a tournament first hand. What do you do if you are dealt aces, and the guy in front of you moves all-in pre-flop?
For pot limit and fixed limit games though, even a mediocre player can go deep into a tournament, so if you are playing, say the limit stud hi lo, which is held on Saturday, July 15, a $3.30 buy-in may keep you occupied for 3 or 4 hours — maybe more if you get lucky. If you think of that as cheap entertainment, any success you have at the table will be a welcome extra.
Although the MicroMillions doesn't begin until July 12, satellites are running already. Some of these have silly buy-ins, and for regular players there are even points buy-ins, so it needn't cost you a cent. As with the previous event, the schedule will be particularly attractive to British and Irish players.
June 7, 2012: Winning a $1 + 10c Razz tournament on PokerStars. With only 48 runners and a $16.80 first prize, it is best to think of this as cheap entertainment (or a cheap way to feed an addiction) rather than a road to riches.
If you are not already a member of PokerStars, be sure to sign up through RakeTheRake or some other affiliate, when you will qualify for rakeback (paid to play) in cash games, and additional freerolls.
Other poker sites are offering their own promotions. Currently, Ladbrokes - the biggest site in Europe - is offering a total prize pool of E10,000 in freerolls and tournaments for new players as well as an Omaha rake race for regulars.