Trying the satellite's

One difference between AP and Stars is that on Stars you can unregister for tournaments that you win via a satellite and get T$ for them. T$, or tournament dollars, can be used to register for any tournament including sit-n-go's so they are as good as cash to me.

I decided to play the $5.50 rebuy turbos that satellite into $55 freezeouts. These take just over an hour to play due to the 5 minute levels. You start with 1000 chips and the rebuy period lasts the first 30 minutes and then there is a 1500 chip addon at the break.

My reason for choosing the rebuys versus the freezeouts are two fold. The money added for rebuys and addons is not raked so the overall fee is lower then for a freezout with the same payout. There are also many poor players that don't understand either rebuy or satellite strategy and so my edge is greater. As examples of the poor play; 30% if the field choose not to rebuy during the first hour, then another 30% choose not to addon at the break, then many players that have accumulated enough chips to fold to their seat choose to risk their chips in the late stages.

My results so far are better than expected. I have won 6 seats out of my first 9 attempts.

At first I played the rebuy period too aggressively. One game I had $35.50 invested with a chance of making $55. I did win the seat but I had way too much invested. During my last 4 games I only invested $15.5 each game. That was the initial buyin+ an immediate rebuy + the addon after 30 minutes. I won 3 of 4 of these playing much tighter during the first hour.

I'll probably outline my strategy for these after playing a few more. I think they are one of the easiest ways to grind out a consistant earning with a low variance. The strategy for playing them is also much simplier to master then a sit-n-go and they take the same amount of time. The downside is that there are far fewer of them running.