Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

Online Poker Satellites - How to Turn as Little as $1 into Millions


What do Dr. Vic Fey, an obstetrician from Clinton, Oklahoma, and Erick Brenes, a farmer from Costa Rica have in common? They both made it to the final table of The World Poker Tour's Aruba Poker Classic. And what makes it more remarkable is they won their $6,000 buy-in and the trip to Aruba by playing a $27 satellite tournament at the online poker room, Ultimate Bet. Neither of these men are professional poker players but at the end of the tournament Vic Fey finished in 6th place and won $105,000 and Erick Brenes finished in first and went home to Costa Rica $1,417,000 richer. Not bad for a $27 investment.

What are satellites and how do they work? Basically a satellite is a way to enter a major tournament and play for big money without having to pay the large buy-in required. For example, the buy-in for the World Series of Poker (WSOP) is $10,000. An on-line poker room could sponser a tournament with a $1,350 buy-in (they will also charge somewhere around 9-10% for a registration fee). For every 10 players in the tournament there would be a prize pool of $13,500, enough for the single buy-in to the WSOP and some extra for spending money. So for a $1,350 you could win your entry to the major tournament. If there are 100 players then the players who finish in one of the top 10 positions would be on their way to Las Vegas and a chance at $10,000,000, the estimated top prize in this years tournament.

A thousand dollars is still a little steep if you ask me but you're dying to play in the WSOP. So you go to an online poker site like Royal Vegas Poker. There, they have a way for you to make it to the World Series for as little as $1. It takes six steps and works like this:

Step 1: You pay a $1 buy-in and a $.10 registration fee. You play against ten other players. If you come in first or second you've made it to step two.

Step 2: You enter this tournament by either coming in first or second in step 1 or by directly buying in for $5 + $0.50.Come in first or second and you move on to step three. Come in third and you get to play level 2 again free.

Step 3: Same deal. Enter by placing 1st or 2nd in the previous step or buy-in for $22.50 + $2.25. The final 2 players get free entry to step four and third place lets you repeat step 3 and pays you $2.75.

Step 4: The buy-in for this level is $100 + $10. Come in first or second and go to step 5. Come in third and play step 4 over again.

Step 5: If you happen to have $450 + $45 you can buy-in to this level. If you've were lucky enough to come in 1st or 2nd the previous step, it costs you nothing. The first two finishers go to the final step, third place gets to play step 5 again.

Step 6: You've made it to the final step. Of course you can just cough up the $1,350 + $135 to play in this game or you might have gotten here all the way from step one for $1. In either case, finish 1st in this ten player table and you're on your way to the WSOP. Come in 2nd and you win $1,000.

This is just one example of an on-line poker site's roadmap to the WSOP. At FullTilt poker you can get there for as little as $4. And they have a promotion in which if you gain entry to the tournament through their site and win the $10 Million at the WSOP, they will match it with an additional $10 Million.

Party Poker has satellites starting at $9,InterPoker can get you there for $10, and UltimateBet has games for as little as $3.

There are even some sites where you can gain entry through freerolls (tournaments with no entry fees).

There are all sorts of tournaments like this at many different online poker sites and they all follow the same basic pattern. You buy-in at a low level to win entry into a higher level tournament. I narrowly missed making it to the PartyPoker millions tournament with a $10,000 buy-in and a prize pool of $7.5 Million. For $6 I worked my way up to the finals where I needed to come in one of the top 4 positions. Unfortunately I finished 9th, but there's always next year. And boy, did I get a lot of entertainment and excitement for my $6.

So if you're looking to be the next poker star and you don't want to put down $10,000 to get in the game, check out the different online sites and see if you can turn $1 into a million.

Copyright 2005 FunProfitPoker, All Rights Reserved.

Peter Berlin is a TV Game Show Producer/Writer and an avid online poker player. He has authored the e-book Play The Flop, a Guide to the Best Online Poker Sites and has a poker newsletter reviewing the best sites, sign-up bonuses, tournaments, satellites, and events going on in the world of online poker.

To access the e-book and sign up for the newsletter please visit http://www.funprofitpoker.com


MORE RESOURCES:

Stop gaming debate on casino gambling
Lowell Sun
With the general election just two weeks away, the four referendum questions on the state ballot are getting almost as much attention as the governor's race. And among those four, the one seeking the repeal of the state's Casino Gambling Law seems to ...



Richmond Times-Dispatch (blog)

McElroy: Virginia should legalize casino gambling
Richmond Times-Dispatch (blog)
If Virginia really wants dramatic change, then legalize casino gambling. To those who oppose gambling for religious or ethical reasons, I fully respect your beliefs. Others will say gambling brings in crime and can destroy families as well as preying ...

and more »


DU Clarion

Amendment 68: Casino Gambling at Arapahoe Park
Aurora Sentinel
Arapahoe Park casino _Perr Voters will decide whether to allow casino gambling at a horse racetrack in Aurora, and two other locations in the future, with the promise that the taxes raised will funnel $114 million a year to public schools. It's a high ...
Local school officials lukewarm on Amendment 68Glenwood Springs Post Independent
CASB opposes Amendment 68La Junta Tribune Democrat
Let's Vote: 2014 Midterm ElectionsDU Clarion

all 17 news articles »


Virginia's status as holdout on casino gambling hurt Colonial Downs
Washington Post
In a major setback to Virginia's thoroughbred horse-racing industry, Colonial Downs, the Old Dominion's only racetrack and home to the Virginia Derby, will close Nov. 1, the owner said Wednesday. Track owner Jeffrey Jacobs surrendered his license to ...

and more »


wwlp.com

WMass residents react to new casino gambling research
wwlp.com
In Springfield, MGM promises to bring more than 3,000 permanent jobs should casino gambling remain legal in Massachusetts, but that has some residents questioning who will get those jobs. “I don't think it's going to help the economy at all. I mean ...
With casino vote, Springfield's fortune at stakeBoston Globe

all 4 news articles »


The Republican - masslive.com

Massachusetts gubernatorial candidates spar on casino gambling, education ...
The Republican - masslive.com
SPRINGFIELD — The five candidates for governor debated topics from global warming to casino gambling in their first televised post-primary debate, held at CityStage in Springfield. Democrat Martha Coakley, Republican Charlie Baker and independents ...

and more »


CT Post

Colorado weighs gambling expansion at racetracks
CT Post
DENVER (AP) — Voters will decide whether to allow casino gambling at a horse racetrack in suburban Denver, and two other locations in the future, with the promise that the taxes raised will funnel $114 million a year to public schools. It's a high ...

and more »


Ex-Meadowlands Sports Complex chief urges swift action on North Jersey ...
NorthJersey.com
Jim Kirkos, president of the Meadowlands Regional Chamber of Commerce, said that while he and other local officials support North Jersey casino gambling, “a casino is subordinate to a convention center.” A number of speakers agreed that the sports ...

and more »


Couple turns thieves 'for lifestyle, casino gambling'
Times of India
Couple turns thieves 'for lifestyle, casino gambling'. The author has posted comments on this article Govind Kamat Maad, TNN | Oct 22, 2014, 01.00AM IST. Share on Linkedin. Page 1 of 4. MARGAON: Husband's craze for a flashy lifestyle and the wife's ...



Kansas City Star

Mass. Bishops: Casino Gambling Is a Bad Bet
National Catholic Register
BOSTON — Led by Cardinal Sean O'Malley of Boston, the Catholic bishops in Massachusetts are urging voters to support a ballot measure this November that would repeal a 2011 law that legalized casino gambling in the Bay State. As of now, not a single ...
Study: Gambling industry worth $240B, 1.7M jobsU.S. News & World Report
Casino mogul says experience, not gambling, is keyReno Gazette Journal

all 552 news articles »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.