Saturday, March 07, 2009

A Few SCOOP Satellites

Even though the SCOOP doesn't start until April 2nd, satellite tournaments with buy ins ranging from $1.50 to $500+ are going off around the clock.

Satellites are a big part of why I've done so well in the FTOPS and WCOOP as well as the big weekly Sunday tournaments. They create a field packed with weaker players who are out of their comfort zone.

If you run a $55 Satellite to a $530 tournament and get 100 entrants you can give away nine $530 tournament entries and one $230 cash prize. The players who enter that type of tournament probably feel comfortable playing tournaments with buy ins ranging from $20 to $200. But 9 of them are headed to a $530 tournament that they would never play in if they had to put up the money right out of their pocket.

Every single SCOOP tournament has dozens if not hundreds of satellites (maybe over 1,000 to one of the main events) so when that $530 SCOOP event goes off with 4,000 players, maybe 1,000 of them bought in directly. Those are the $530 players. Those are the people who can really play (for the most part). The other 3,000 are the ones that make the tournament so profitable.

I've put together a $15,000 bankroll for the SCOOP and as per usual I've collected some of that money from investors.

Mostly out of boredom, yesterday I decided to play a few smallish satellites to the medium stakes SCOOP events. I played an $11 with rebuys satellite to a $320 event, an $82 satellite to a $215 event, and a $64 satellite to a $320 event.

I came up one spot short in the $82 tournament, but I picked up a $30 cash prize so I got a little refund. Happily I made it to the end of the $11 with rebuys. The prize breakdown in this one was a little different. It was a small field and you had to finish in the top 2 to win the $320 seat. Places 3 and 4 paid $31 and place 5 paid $20. When we got down to 6 players I was in first place and had everyone covered by a significant margin. I could tell that they players I was up against were not good and were trying pretty hard to pick up those small cash prizes (a big mistake - you have to go for it when the top two spots are 10 times the edge of the money).

So I started moving all in on every single hand no matter what I had. Everyone folded something like 8 or 9 hands in a row and when someone finally did call I had a real hand and won. By the time we were down to three players I had twice as many chips as my opponents combined and easily finished in one of the top two spots.

These were pretty much bullshit tournaments and tomorrow I expect I'll play something with a little more spice. Maybe something where I have to put up $215 or $320 to win a $2,000+ seat.

Anyway, my $15,000 starting bankroll has gotten a mirco boost up to $15,163!

No comments: