Playing Satellite Tournaments: Enter Bigger Poker Tournaments by Winning Satellites
Early registration is underway for the 2010 World Series of Poker, and as the world’s largest tournament series rolls back around it’s a question of who is going to win the bracelet and take home millions of dollars in prize money.
Entering Major Poker Tournaments
When it comes to actually playing in the World Series of Poker, most people, the average Joe’s of the world, don’t have thousands of dollars to shell out on tournament buy-ins, hotel accommodations, travel arrangments, and food expenses.
The bottom line is: if you haven’t been to Vegas and won before, you probably can’t afford to do this on your own.
Satellite Poker Tournaments
Satellites come in both single table and multi-table formats. Their biggest asset is that they allow small stakes players to play above their bankroll in bigger tournaments at a reduced price. A vast majority of players in the field at the WSOP won their entry in a live or online satellite.
Single table satellites come down to the last man standing as they require players to win all the chips to earn entry. Multi-table satellites pay entry for multiple seats determined by the satellites total prizepool. Most online poker sites offer satellites in both formats.
Satellite tournament structures are equivalent to regular poker tournaments except for when the bubble bursts in a satellite, the tournament are over. Everybody still in the money has won the same prize, entry into a bigger tournament such as the 58 events held at this year’s WSOP.
Some players even make lucrative careers out of playing satellites. They win several seats to the same tournament and then sell their extra seats for a profit. Players who employ this strategy stand to make substantial gains on their original investments.
Online Poker Promotions
Aside from satellites, several online poker sites provide promotional pages such as 888poker WSOP, on their sites detailing other ways players can earn or win entry into a larger tournament. Such promotional offers generally include inviting a certain amount of new players to join the site or playing a set amount of raked hands on the site.
Though some of these offers don’t require much poker skill, they can still be exploited as an opportunity to gain entry into a larger tournament. Taking advantage of these opportunities can reap huge benefits for those lucky and skilled enough to parlay their satellite ticket into a major tournament cash.
These offers have become less prominent as the number of online players receiving entry was limited by the Unlawful Internet Gambling Enforcement Act in 2006. Online poker sites can no longer directly purchase tournament entries for their players.
Realizing Your Poker Dreams
Winning entry into a bigger tournament is generally the preferred way for most players as it proves their skill and their worth for being there. Proof of this exists in the recent string of amateurs who have gone on to win the Main Event at the WSOP, several of which won their entry through a smaller buy-in satellite.
So, for all those amateur poker players who have high stakes poker dreams, entry to that major tournament is in the cards, it’s just a matter of taking the steps to get there. Enter a satellite or promotion and try your luck.