Most poker players are aware of the importance of qualifying for satellite tournaments.
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Satellite tournaments that provide low-cost entry into prominent poker tournaments seem almost too good to be true. Anyone can enter a World Series of Poker (WSOP), World Poker Tour (WPT) Main Event, or even MPL at the GIGL event at a considerable discount of 90 percent or more on the usual entrance price.
The sky’s the limit from there.
Chris Moneymaker’s crazy win in the 2003 World Series of Poker Main Event turned his $86 satellite fee into a $2.5 million profit, not to mention the spark that ignited the Poker Boom.
In the poker game, tales abound of satellite players turning their “one time” into life-changing sums. As a result, players of all levels congregate at satellite tables – either single-table “sit and go” or multi-table “mega-satellites” – to try their luck at turning a few dollars into a big win.
Satellites provide access to your local casino’s seasonal series as well as major online circuits.
However, regardless of which satellite you enter, knowing how to differentiate your standard poker strategy from the task at hand is critical to your success.
Simply put, satellites provide an entirely different gaming experience than a typical multi-table event.
The prize pool is flattened, which means that everyone who wins gets the same seat. Early rounds are marked by aggressive chip chasing, while later stages see players hunker down in the hopes of surviving – the polar opposite of a traditional multi-table tournament.
Even before the flop is dealt, you can witness someone fold pocket Aces face up on the felt. Yes, you read that correctly… People are folding rockets to win satellites, and the unusual tactic appears to be working.
Overall, satellites are an immensely valuable tool in any poker player’s armory – but only if you know how to play the game.