Online poker site UltimateBet.com has recently announced the launch of UB Poker Leagues, a new and innovative contest in where teams of two players will compete in tournaments running every week from Saturday to Wednesday.

To give all players a chance to participate, regardless of their status or skill level, Ultimate Bet has divided the field into several leagues. The leagues are: Low Stakes League ($20 per team to enter), Medium Stakes League ($80 per team to enter), High Stakes League ($400 per team to enter), as well as the UBOC League ($1,000 per team to enter) and UBOC Mini League ($100 per team to enter), which are two special leagues that will battle it out during the upcoming Ultimate Bet Online Championship (UBOC) tournament series

UB Poker Leagues scoring is based on the standard TLB formula on Ultimate Bet, scores for both members of the team will be added together to establish the total score of each team. The first place team takes home 50% of the pool, while the second place team gets 30% and the third place team gets 20%. If the league registers less than ten teams, then the first place team takes home 75% and the second place team gets 25%.

Besides the cash prize, the winners of the UBOC League will be awarded with a week-long stay in a 6,500 square foot castle next to Schweitzer Mountain in northern Idaho. In addition, the team will receive a half-hour phone lesson with 11-time World Series of Poker bracelet holder and Ultimate Bet pro Phil Hellmuth. The winners of the UBOC Mini League will get a 30 minute poker lesson over the phone with Annie Duke.

Registration for leagues is open until 1:00pm ET every Saturday; however, teams register for future installments of any league at any time. UltimateBet is also planning to add nightly leagues, sit and go leagues, and a new feature that will let players to find a partner if they can’t get one on time. For more information, visit UltimateBet.com.