Chris Ferguson of Full Tilt Poker.(credit: Full Tilt Poker)
The starting time is 5:05pm ET and the format of the tournament is NO Limit Texas Hold'em.
The entry fee for the event is $2.20, a low stakes event that players who prefer to keep things small will be taking part in.
Another low stakes tournament running on Wednesday goes by the name "The Kitchen Sink". That tournament guarantees $10,000 and costs just $2.70 to enter with a 6:15pm ET start time.
Poker players that are members of the FTP will also be participating in freeroll tournaments with the site on Wednesday.