Tobias Schwecht Wins $301K on GGPoker

GGPoker's $20 million guaranteed PLO Series continues to hand out champions. This time, the winner of the tournament was Tobias Schwecht.

80 players entered the $10,000 tournament, creating a prize pool of $1,010,000. Half of the prize money was distributed to the top eight players. The remaining 50 percent was set aside as bounties, which were placed on each player's head and increased as they were eliminated.

At the final table, Russian player Artur Martirosian was eliminated in eighth place and won $31,679 including bounty. Cesar Garcia finished seventh for $55,423. Dutchman Marcus Dieleman finished sixth for $46,391. TripleBarr from England finished fifth, while Belarusian Artisom Lasouskii finished fourth for $76,949. Lasouskii was the only player at the final table who did not receive a bounty payment.

Third place went to Flying Finn Eelis Parssinen, who won $126,289. In heads up play, Schwecht defeated Ronnie Kaiser, a high-stakes PLO player from Switzerland based in Liechtenstein. Kaiser won $155,332, while Schwecht's total winnings reached $301,133. Of this amount, $166,800 came from bounty payments. Kaiser had won the EPT Tallinn Main Event in 2011.

The PLO Series runs until November 17. On the series leaderboard, the top 1,500 players will share a total of $200,000 in prizes. The player in first place on the leaderboard will win a $10,000 tournament dollar prize as well as a $10,000 ticket to a future GGMillion$ PLO High Rollers event.