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Weekly SNG Tip: Satellite Investment

By: §UCK YA IN @ 04:31 (EST) / 231 / Comment ( 0 )

As the popularity of tournament poker, especially online tournament poker, has exploded in recent years, so has the demand for satellite events. A satellite is a tournament (often with a SNG format) where players put up a small buy-in and play for an opportunity to win a buy-in for a more expensive tournament. An example would be if you wanted to play in a $1,000 event but couldn’t afford to put up the full $1,000 outright, so instead you enter a satellite tournament that could have a buy-in anywhere from $25 to $200 depending on the number of players. The winner of these satellite events are awarded a entry into the main tournament, allowing them to get a seat at a heavily discounted price.

When you look at it that way, it’s easy to see why so many players are eager to enter satellite tournaments for a chance to win a seat into events they could not normally afford. However, many satellites do not offer much reward for 2nd and 3rd place, often making it a winner-take-all situation. Because of this, you need to weigh a few factors before deciding whether or not you want to invest any considerable amount of money in a satellite tournament.

If you’re looking mainly to have some fun and hopefully win a seat into a larger tournament, then I would recommend entering in a few online satellites that offer low buy-ins and large fields. You’ll get a lot of poker for your money as long as you don’t get busted right out of the gate, plus you’ll also get the opportunity to play against many different types of players. In this instance, playing a satellite can be both enjoyable and instructional.

On the flip side though, you don’t want to enter into a lot of satellites if you do not have a good tournament track record. Players that thrive in these types of events are ones that perform well in standard SNGs scenarios. If this does not describe your style of play, you may just be needlessly gambling your money away on a long shot. As with all things in poker, start off in the lower limits and gain enough experience and confidence so that you can bump up to bigger and better things as time goes on.

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