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The prize pool is guaranteed and you get money for knocking guys out.
Friday night at 9pm ET Absolute Poker will be hosting a bounty tournament with a guaranteed prize pool. The No Limit Hold' em "$25K Sniper" tournament is your opportunity to play a deep stacked tournament with really slow and really low blinds. The entry fee is $120 + $10, which puts the rake at just above 8%, which isn't bad at all and a bit better than the standard 10%.
A great thing about this tournament is that you will start with 3,000 chips, meaning you can hang around for a while if you want to. Another great thing is that for every player you knock out you will collect a $10 bounty that will be on that player's head. $120 + $10 can be a bit steep for a lot of online players but there are other bounty tournaments at Ultimate Bet that are cheaper. Otherwise you could try one of the satellites for the "$25K Sniper" tourney that start as low as $2.00 + $0.20.
When registering (it's free) for Absolute Poker be sure to use our referral code: MAXIMUMBONUS.