Full explanation — Bounty / Progressive KO (PKO)
A Bounty tournament is a format where a segment of each player's buy-in forms a 'bounty' placed on their head. When you eliminate an opponent, you win their bounty. In a Progressive Knockout (PKO) variant, half of the bounty you win is immediately added to your stack as cash, while the other half is added to your own bounty, making you a more valuable target. This dynamic encourages wider calling ranges and more aggressive play, especially against short stacks, as the immediate cash reward for a knockout can be substantial. Understanding the PKO math is crucial for making profitable decisions.