Carbon Poker has an ongoing promotion called All-in or Fold in which a player can shoot for a top prize of $2,250. The promotion is comprised of 10 levels the player must climb through of All-in or Fold Heads-Up tournaments, starting with the first level, costing just $1.10 to buy-in.
You don’t have to buy-in at level 1 if you don’t want to. You could skip to level 2 for a $5.50 buy, level 3 for $10.50, level 4 for $20, level 5 for $39, level 6 for $77, level 7 for $152, level 8 for $300, level 9 for $594 or level 10 for $1,180.
Level 1 is the only level with more than 2 players, with 9 players competing for 1 ticket to step 2 or 3 tickets back into step 1. From then on in, through level 10, players vie for a single seat in the next level and if they don’t make it, can start back at the beginning again, or at whatever level for which they wish to pay the direct buy-in. The winner of step 10 wins $2,250 cash. The runner-up wins a free ticket into step 6.
The rules for an All-in or Fold (AIOF) tournament are simple. You play just like you would any other online poker tournament except you are only given two different betting options each betting round: go all-in or fold and try again (assuming you have enough chips left to do so.)
AIOF tournaments are happening at Carbon Poker all the time.