Stake Poker August Madness: $8 Buy-In and an $80K Guaranteed Prize Pool

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By Jake McEvoy
Thu 20 Aug 2026 16:34
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  • $8 buy-in Progressive Knockout with $80,000 guaranteed prize pool.
  • Instant cash bounties awarded for every knockout.
  • Runs August 30th at 17:00 UTC, max 10,000 players.
Stake Poker August Madness is an $8 Progressive Knockout tournament offering an $80,000 guaranteed prize pool on the 30th of August.

Stake Poker’s $80K August Madness Tournament

The number 9 was the theme of Stake’s recent string of birthday events, and it clearly did them some good, because its latest promotion has now taken inspiration from the number 8.

The Stake Poker event will take place on the final Sunday of the eighth month, with buy-ins starting from just $8 and the chance to win a share of a guaranteed $80,000 prize pool. As well as a share of that huge prize, there’s also a chance to win instant cash prizes each and every time you send somebody to the rail.

Like the sound of all of this? Prepare to get involved. You need an account to join, which you can create with the Stake promo code “MAXBET”.

How August Madness Works

For just $8, you can enter a huge $80,000 guaranteed Progressive Knockout tournament, where every player has a bounty on their head, and every elimination gives you an instant cash reward while increasing the bounty on your own head.

Here’s how it works:

  1. Buy in for $8 - Find August Madness in the Stake Poker lobby and enter the tournament on Sunday the 30th of August at 17:00 UTC.
  2. Knock out players - Eliminate opponents to collect 50% of their bounty instantly, with the remaining 50% added to your own bounty.
  3. Play for $80,000 - Stay alive, build your stack and compete for your share of the guaranteed $80,000 prize pool.

Terms and Conditions of August Madness

Stake Poker August Madness is subject to the following terms and conditions:

  • The Stake Poker August Madness tournament runs on Sunday the 30th of August 2026 at 17:00 UTC.
  • The tournament has an $8 buy-in.
  • The event is a Progressive Knockout (PKO) tournament, with a portion of each buy-in allocated to the bounty pool.
  • Players receive half of an eliminated player’s bounty, while the other half is added to their own bounty.
  • The tournament features a guaranteed prize pool of $80,000.
  • A maximum of 10,000 players can enter the tournament.
  • Stake reserves the right to hold, void, suspend, cancel, or amend the promotion where necessary, with applicable rules also governed by its Card Room Rules, Security & Ecology Policy, and Poker Tournament Cancellation Refund Policy.

See also

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