Playing poker on the Internet is a great way for players to improve their skills while earning some extra money for their efforts. The best way to make money from poker is to participate in special promotions and tournaments, and Poker Stars [read review] is known as one of the best sites for unique tournaments. On August 12, 2012, the site is offering one of its finest tournaments yet - the Red Spade Open.

Buy ins for the Red Spade Open cost $55, and players who enter become eligible for part of a $1 million guaranteed prize pool. Players can also enter by performing well in one of the many satellite tournaments being held in the days prior to the tournament. With so much at stake, the tournament should draw a large number of players.

One of the most attractive aspects of the Red Spade Open is the fact that $100 bounties are placed on all members of the Poker Stars [read review] professional team. This means that players can profit quickly if they are able to knock out the experts. The tournament is approaching quickly, though, so players should sign up or take part in a qualifying satellite tournament as soon as possible.