Most poker players over look satellites to playing large tournaments or just playing no limit holdem tournaments for the amount of money they save by not playing a satellite first. In this article we will discuss a few easy steps that you can use to make money with satellite poker tournaments.
It all starts with trying to find a affiliate internet poker room to play at. Affiliates offer many perks when you play at their poker room and so they try to make it as easy as possible for you to find them. Some of the ways they do this are offering points to you for your referrals as well as giving out free entries into events such as the WSOP, WSOPE and WPT.
Once you have found a poker room you would like to play at, you are ready to sign up for a satellite. A satellite is a tournament that usually has a higher buy-in than a buy-in tournament (for example, a $100 satellite might cost $110, whereas a buy-in tournament might only cost $65).
Satellite tournaments offer you various payouts depending on the place you finish in the tournament. The most common place that you will finish in is the paid position, the seats are the “payout positions” and are listed in order of finishing “in the money”, namely 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, and 10th.
The reason why you can win a satellite tournament is because the entry fee is less than what it would cost you to play a single table tournament, the satellite poker rooms also give out a lot of seats to their satellite tournaments, and DO NOT factor in the cost of the poker tables required.
As an example, a $39 satellite to a $ expect to win when you finish first or second. Your chances of winning however are the same as playing a single table tournament. The seats are generally the same in a satellite and a satellite poker table will work as long as you have the same number of chips.
In terms of when to play a satellite, there are two occasions to play a satellite and both of them are agreeements signed before the payment is required. The first instance would be if, for example, your chip stack was low and you could prospect to collect more chips. If you do not make the required raise then the game is considered to have ran its course and it is considered yours free to bid when you wish to play a satellite poker game againor you can elect to play a different satellite game.
The second instance would be if, for example, you were required to play very low in a tournament and your chip stack was very low. In this scenario if you run no matter what hands you play you will not win anything and you will not gain any chips. In a satellite poker tournament there is always a possibility that you will still be required to play at least one hand in the last few rounds.
The last example would be if, in the course of a tournament, you lose all of your chips on the first hand and are then effectively out of the tournament. The best way to look at these situations is to look at them from the point of view that you could be out, even before the final cards are dealt.
The point is that you have a lot more chance of making money by waiting for your best hands and not playing too many hands. This doesn’t mean you can’t win hands with good hands. You will win more hands in the later stages of a tournament when there are less players because players are not staying in the game as long. This also means you are not as likely to be knocked out the tournament.
Seminars are not played to the same level as the final table in a Vegas88. A lot of players will not treat them with as much respect as they would a tournament final table. You can safely play more hands in a Seminars game, particularly in the earlier stages, because generally more people will be playing basically any cards as there is more to gamble.
In order to increase your chance of winning I recommend the following:
- Play more hands in early stages of a tournament
- Wait for good hands before playing hands, especially when far from the money
- Use your allures and traps more
- Know your position
Early stages of a tournament are usually the most crucial stage. If you can survive past the early stages then you should be more interested in winning a place at a later table rather than taking an early table position. Although you will have fewer opportunities to be able to win a large pots later in the stage, you will still be able to survive and be in a better position when you do have a strong hand.