Satellite tournaments are great in that they can lead to some pretty serious money.
What they are:
Throughout the week there are single-table tournament (STT) satellite qualifiers (labeled "Feeders" in Red in the poker program schedule), leading up to Grand Final games that night plus the big Grand Final on Saturday night. These satellites start as soon as there are 9 people seated. But, unlike our normal single-table tournaments, only the winner takes a prize (nothing for second or third in this game). And instead of taking the money, the satellite winner gets a place in the Grand Final table and a shot at the huge prize pool.
What they lead to:
Then, every night we run a big multi-table tournament that's our Satellite Grand Final, where the prize pools can be thousands and thousands of dollars, the Saturday Grand Final will be in the Tens of thousands! Being a satellite final, there are two ways that you can get a seat. One: you can pay your money and take a place, just as you would for any multi-table tournament. Or two: you can qualify for the final by playing in one of our satellite qualifiers mentioned above. This option may be more appealing, as you can qualify for a fraction of the price.
What to do if you win the satellite:
If you win a satellite tournament, you will then automatically be entered on to the waiting list for the tournament you won the feeder for. To see when that is, go to the "Lobby", click on "Tables", then "Multi Tourney", and then "My Tourneys". You'll see the tournament that you have won a seat in, and the date and time that it will start. It even shows you the amount of hours until it starts, so that you can plan accordingly.
Here is an example to clarify it for you:
Let's say that there's a multi-table tournament running this Saturday that's labeled "$72 No Limit $75,000 Guar't'd" where the buy-in is $72 plus the $3.60 entry fee. You fancy a piece of that action as the prize pool is $75,000, but you'd rather not pay the $72 to enter.
You're in luck; you also notice that there are a lot of single-table tournaments running with the word "Satellite" or "Feeder" in the name, and that the buy-in for these tournaments are much, much lower; just $8.39 plus the $0.84 entry fee in fact. As the winner of this single-table tournament gets a seat in the Grand Final as their prize, you could still enter eight of these tournaments and still save money on the seat in the Grand Final. Nice! There are multi-table feeders as well, where the buy-ins are even lower at $1 plus $0.05 entry fee.
