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Bankroll management for satelites and are they +EV at all?

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SPeedFANat1c
Joined: 04.01.2009

Hello,

I want to play recreationally big MTTs. But if I will buyin in big, I might be losing lot of money. So I thought could be worth to play satelites, satelites should have more fish maybe also?

And I have tried some, first it looked like good idea, I won ticket after playing few satelites of 16 players, 2 tickets in pool.

Yesterday I played lot of satelites and did not win a single ticket. Today for example, I played satelites which costed 1.88 and I finnally managed to win ticket to 1.1 usd MTT. Played like 12 satelites today. So not sure. Rake is also paid in satelites. Looks like I would have better bought in directly to MTT 1.1. Or was it just bad luck?

I have about 50 usd bankroll dedicated for MTTs. So directly buying in to 1.1 MTT is too agressive. But losing so much sateliites might also be too agressive BRM eeven if sat buy in is 50 cents or like today most of them 15 cents because I thought 50 cents buy for satelites will kill my bankroll soon.

So what do you recomend? Or not even play satelites to tournaments bigger than bankroll allows to directly buy in which would be sad, because I dont have so much time for poker to grind, and not motivation because I see easier money elsewhere.


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8 replies
Super Moderator
VorpalF2F
Joined: 02.09.2010

Have you watched the satellite videos?
https://www.pokerstrategy.com/news/content/Satellite-advice-for-the-Irish-Open_111390/
I was in Collin Moshman's coaching session where they covered this -- and I credit the information gained with my $11 ticket win for today's Sunday Million.
well that and luckboxing a stack with staying power to the end.

I think satellites are def +EV
My biggest ever tournament cash came as a result of a satellite I entered for practice.


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akibe
Joined: 10.02.2008

For me if your play for a ticket you need to have 100buy in of amout of the ticket (exemple, you win a 2€ ticket, you need to have 200€ to play your ticket).
For me ticket count for bankrool if you have 198+2e ticket, so you have 100 buy in of 2€ ^^
On pokerstars you can unregister for convert register in T€, so in this case just need 100buy in of amout of your sat.


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SPeedFANat1c
Joined: 04.01.2009

Originally posted by akibe
For me if your play for a ticket you need to have 100buy in of amout of the ticket (exemple, you win a 2€ ticket, you need to have 200€ to play your ticket).
For me ticket count for bankrool if you have 198+2e ticket, so you have 100 buy in of 2€ ^^
On pokerstars you can unregister for convert register in T€, so in this case just need 100buy in of amout of your sat.

yea, sounds like I would play a regular cheaper tournament, hit first place and go instantly limits up. So those sattelites are maybe just same thing, just tricking people into playing MTTs higher than bankroll allows ? :) only payout structure is so that less places win, and those win bigger prizes.
So then maybe I should stick to MTTs by my bankroll using 100 bi rule. And if playing sattelites, play for tickets which would mean 100 bi rule also.

https://www.pokerstrategy.com/news/content/Satellite-advice-for-the-Irish-Open_111390/

had not watched, and also one is gold I see, I think for me its not worth now to spend money on getting gold with the amount of tournaments I play these days. I am really not even sure what time ratio learning to play should be when I practically play only on weekends for fun. Of course I do not want to get crushed, so need to learn at least little.


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Super Moderator
VorpalF2F
Joined: 02.09.2010

Originally posted by akibe
For me if your play for a ticket you need to have 100buy in of amout of the ticket (exemple, you win a 2€ ticket, you need to have 200€ to play your ticket).
For me ticket count for bankrool if you have 198+2e ticket, so you have 100 buy in of 2€ ^^
On pokerstars you can unregister for convert register in T€, so in this case just need 100buy in of amout of your sat.

This isn't always true on PokerStars.
For some Satellites, you must play the target tournament.

My concern is that if one wins a ticket, one will be playing against a pool of players with a skill level much higher than accustomed to.
You might -- for example -- have a bankroll of a couple of hundred dollars, and win a satellite costing $1.10 that pays a ticket to a $109.
The players in the $109 have experience playing at this level.

As long as you keep that in mind, you're fine.

I'm not knocking satellites -- my two biggest cashes came from satellites.

All the best,
VS


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SPeedFANat1c
Joined: 04.01.2009

My concern is that if one wins a ticket, one will be playing against a pool of players with a skill level much higher than accustomed to.
You might -- for example -- have a bankroll of a couple of hundred dollars, and win a satellite costing $1.10 that pays a ticket to a $109.

but that also means other bad players come from those satelites and 109$ mtt has those :) which is good hting. Of course it makes it harder. But when playing recreationally it is good.
Maybe it is more +EV to play 109 bi MTT even if you dont have enough skill , than playing a lottery or casino which lot of people do ?


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venatici
Joined: 15.03.2010

Just saying thay last Sunday Milion winner won his ticket from a satelite. Just saying.


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Super Moderator
VorpalF2F
Joined: 02.09.2010

For sure -- just be aware that you may be "getting in over your head".
If you *do* have the skill, but not the $$, then satellites are a perfect answer, since you are more likely to win the satellite with your massive skillz

I don't have massive skills, but even I won a ticket to the Sunday Million

Just sayin'
VS


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venatici
Joined: 15.03.2010

TBH I totaly agree with what everyone says. Just @SPeedFANat1c seems to be a recreational player who plays during the weekends. If that was the case for me I would mix some satelites from time to time - I wouldn't play them exclusively - and if I would get a ticket I would play the torunament. Because that's emotions, that's fun :)


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