Full Tilt Poker is introducing an amazing opportunity to turn Full Tilt Points (otherwise known as FTPs) into cold, hard cash. The site plans to give away $250,000 guaranteed in this FTP $250K Guaranteed promotion.

The big game takes place on Sunday, October 18 at 2:15 pm ET. You can either buy your way in with 5,000 FTPs or you can satellite your way in, starting now, with 9-player, 27-player, and 135-player Sit & Gos running now for buy-ins as low as 40 FTPs. There will also be two special satellites on September 28: one at 9:18 pm ET for a buy-in of 1,000 FTPs and one at 9:48 pm ET for a buy-in of 400 FTPs. All of these events will be Turbo satellites.

One fun feature of this promotion is that players cannot use cash to participate in the FTP $250K Guarantee. It’s strictly a points-based event. One in which the first place winner stands to gain at least $20,000 guaranteed.