World Series of Poker Satellite Tournaments, get in cheap

Jul 12, 2011 3:00 AM

If your bankroll looked like King Kong stepped on it and you failed getting into the Main Event $10,000 No Limit tournament at the World Series of Poker, try some satellites next time.

Satellites? What are they?

Of course we all know about our moon, Jupiter and the other planets in our solar system, plus the moons in orbit. And there was Sputnik, the first Russian satellite to circle our earth.

In fact, a poker satellite is a small, one or more table poker tournament that a player may enter. A player winning the satellite could gain a seat in the main event by paying a small fraction of the money required to pony up and gain entry into a major event.

I have played in many satellites and won a few. Here’s how I went about it.

The first leg: Each of 10 players would pay $125 to enter the No Limit Hold’em satellite. Each player would receive $4,000 in satellite tournament chips to begin with.

The small and big blinds would begin with $10 and $15. Each 20 minutes, the blinds would increase and the player who won all the chips would be the victor.

This would be repeated nine more times – or until there were 10 different winners.

The final leg: Same format as the first leg. Players put up $125 plus a $10 fee and beat nine players at the first leg by getting them to give you all of their chips. Do it and you will have won a $10,000 seat.

I have won my way into the WSOP twice for only $125 and another time for $250. They did have some world class players playing down there. I just played lucky.

OKJ Tip of the Week

If you make a deal in a satellite, hope you are wrong!

I made a deal with the "Chip Burner" Robert Turner (a member of "The Seniors" WCOP Poker Players Hall of Fame).

When it got down to the two of us, if I won I would give him 331/3 of my action in the main tournament. I made a mistake and lost the satellite to Robert!

But I got 331/3 of Robert’s action in the big tournament when he won it.

I was wrong to make the deal because I had a big chip lead and the percentages were not correct, but wound up being right. That’s why I always say to stay lucky!