Lol I was just telling my roommate about this strategy I've started using
Right now I can't because I've taken a hit to bankroll (damn those ring games) but what I did was this on Fulltilt:
at least 2-3 Satellites to the 50-50 (a 50+5 buyin) occur around 6:40-7ish. One is a 2 dollar rebuy/add on, and another is a 3 dollar rebuy/add on. I played the 2 dollar, and the field gets up to around 120 people, give or take 15 people. Depending on how many rebuys/add ons there are (I believe is how it works) the average payout for an entry is between 13-16 places, with 3 places paying out 8-10 bucks before that. I figure, that's about top 10%, and the competition is not stiff for the first 30-50 people out. You can EASILY double up depending on your table, and if you get a bad beat early you can rebuy. My strategy so far has been to rebuy up to 2 times max, and add on. If I were to rebuy twice, plus add on, i'd spend 8 dollars total. So, to break even I'd have to place 1 out of every 6 attempts (roughly, 49 dollars plus the 25 cents or so for each tourny fee). If you wanted, and I have been contemplating this strategy, you could not rebuy at all, only add on, and then you'd have to win an entry once out of every 12/13 tries (4 dollars a pop). This is VERY doable, as the competition is not hard and if my memory is correct at least one of them is not a turbo (I could be wrong, it's been a while). I've won 3 entries, played once and cashed the other two, out of a total of 6 times. All 6 times I've followed that discipline and made it to the final 40/30 easily. I'm a novice in all respects of the word, but I feel good about this strategy.
Just my two cents.
*EDIT: Forgot to add, when you unregister from the 50-50, it gives you 55 tourny dollars, and if you turn that into cash, after the 'processing fee' it ends up being 52.25, not bad for 3 hours of work. One does start at 6:50/6:40 exactly, and it always finishes before 9:30 as that is when the 50-50 starts. Usually takes 2-3 hours from what I've experienced.