Event #1 of the Ultimate Bet Online Championship is $320 "sniper" no limit hold'em. In this variant for every player that you bust you get $30 ($20 from each player goes to the house and $270 goes to the prize pool). We started with 1,103 players, the tournament pays 108 spots and first place is $65,488.
Event #2 is $162 8-game mixed. On pokerstars 8-game is a mix of the five HORSE games, plus triple draw, no limit hold'em and pot limit Omaha, but in this tournament there is no triple draw and instead there is pot limit Omaha hi lo. Also they've switched the no limit hold'em to pot limit hold'em.
I haven't played a ton of pot limit hold'em, but I have two WSOP cashes in that style so I'm not super pissed about the switch. On the other hand I'd much rather play triple draw than PLO8 even though I've made the money in 100% of the PLO8 tournaments I've played (I'm 1 for 1).
We started event #2 with 386 players and first place is $15,633.
An hour and a half into both, not much has happened. I'll try to put up a recap later, but might not get to it for a while since I'm off to wine country tomorrow and need to do some planning.