Well if your estimate was even close to being accurate, then playing the SunMill $7,5 Mill would be a no-brainer. If it had 15,000 entrants it would have over $4,500,000 overlay so our $215 ticket would be worth ~$500.
I will guess that this tournament will have 44,867entrants.
In previous years it has had some very large numbers playing in it.
2022 - 52,120 entrants
2021 - 69,876 entrants (1st place $1,5 MiLL)
2020 - 93,016 entrants (final 4 agreed to chop)
The 2020 14th Anniversary of the Sunday Million was incredible!
The player who took 1st place & $1,192,802 (AAAArthur) had won his entry to the tournament via an $11 satellite! His previous high score was just $90. (ANYONE can win this!)
Also, when the final table began AAAArthur was sitting in last place with only 4 big blinds!
With 4 players left they agreed upon an ICM chop deal.
The player who took 2nd place CrAzY_sTeFaN used to be a micro player & I've played in many private tournaments with them. He had also played in some of the Cardschat games 10yrs. ago. He managed to pick up $921,328 for his efforts.
My opinion on which is better 4x $55 mtt, or 1x $215 Ann. event.
Where else can you win $1 million dollars while playing online poker with only a $215 investment? It's a once a year tournament.
Personally I would hate to miss it.