Losing satellites on purpose to win cash instead of ticket

micalupagoo

micalupagoo

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Has anyone else done this?
I’ve done it twice recently
The other day was for $53 cash instead of a $55 ticket
Tho I love big buyins (cuz I know a big win must be coming my way, and this was a PKO my fav) my bankroll was much happier with the money and will keep me playing many more games👍
 
Risto234

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As long this plan dont go horribly wrong everything should be fine ...
 
AKQ

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last year i was doing the Venom steps from freeroll and nailed a step 7 cash instead of ticket for 630$
hheheee was oky
regretted it,
would have rather gone to the venom
 
P

PPT

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I've considered it once past the bubble but never done it.

I was tempted the other day when it was $72 cash or an $88 ($40+$40+$8 PKO) ticket.

I won the ticket and got eliminated without any cash. :(

By EV the ticket should have been better over the long-run but the bankroll would have been better with the cash.

The only time I think I'd actually go for the cash is if the cash were more than the prize (minus the rake) element of the ticket. Eg if it was $82 cash or $80+$8 ticket then I think I'd take the cash and be OK with that, no rake then.

Edit: In your instance it was true. You got a $53 cash instead of $50+$5 so you actually got more EV with the cash.
 
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pirateglenn

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Back in the day of full tilt and even stars - this was big business, even selling tournament tickets for $ was a common reason to play satellites and so many players made a living from this - then poker rooms got wise and changed things, its all relative to be honest, most players enter such compos thinking it would be great to lock up a seat but if a room is offering a close to cash equivalent and to be honest $53 as a lesser to a $55 ticket is very rare - usually its at least 10% less - sounds like a great deal!

For me - i play to win and would have seen it as a decent ticket to play for - especially around xmas time when prize money tends to get a bigger boost and players paid number tend to be increased a little.
 
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1984

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Has anyone else done this?


Million times in many rooms, set up few rules for myself about when i will try to go for it - as not so many rooms where the bubble starts with ITM+1 players, and the sats usually very short stack in that phase already.

Back in the day of full tilt and even stars - this was big business, even selling tournament tickets for $ was a common reason to play satellites and so many players made a living from this


Remember for that time, I am always laughing when some guy start to compare nowadays as same or even better in online poker - probably they didnt play decade+ ago, didnt even know the game...

Never made a living from that, but playing satties and sell tickets were nice part-time income.

Do you understand, get it why did they stop that? I left online poker before it was over, and few years ago when i came back it just wasnt working anymore... never searched, cared so much how it happened, when it happened, just out of curiousity...
 
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alien666dj

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Has anyone else done this?
I’ve done it twice recently
The other day was for $53 cash instead of a $55 ticket
Tho I love big buyins (cuz I know a big win must be coming my way, and this was a PKO my fav) my bankroll was much happier with the money and will keep me playing many more games👍

I do this all the time.
 
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fundiver199

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If its only 53$ vs. 55$ as in the example, then I could certainly see myself doing this, because having the 53$ in cash in my account offer so much more flexibility. But if it was a larger difference like getting 33$ cash rather than the 55$ ticket, then I would for sure go after the ticket. If I am not interested in playing the target tournament, then I should not have played the satellite in the first place ;)
 
Luvepoker

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I do know a few people who have done this. I dont understand it for the most part but can see why on some. If I was playing for a 13K package to the wsop main event and there was not enough for another full package most will offer the money. If there was a chance to pocket say 10K of cash or the ticket, I can see why someone would want the cash. odds are not in our favor to win the main event or even cash and 10K is a lot of cash to take. Hell, I don't believe in going for the cash but even I might for say 10K.
 
hugh blair

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Has anyone else done this?
I’ve done it twice recently
The other day was for $53 cash instead of a $55 ticket
Tho I love big buyins (cuz I know a big win must be coming my way, and this was a PKO my fav) my bankroll was much happier with the money and will keep me playing many more games��
No never done this I always want the ticket to the bigger game and a final table in the bigger game afterwards also to be honest.
I would be a little disappointed with myself losing that $2 knowing how hard I got to work for every dime and dollar won in the freerolls some days exhibit A from today for example just my 2 cents.:eek:
91a9b78c9f5c29dbca7cdbed7e28b9ac.png
 
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AKQ

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I do this all the time.
My "Dream " payout structure would be
flat top 10% where everyone gets the same
and then first gets triple.

I find satellites profitable just for this fact alone
PLUS! makes it a completely different game dynamic on the table(which I love)
 
TeUnit

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I dont think I have done this, but I do remember being happy receiving cash over a ticket to a MTT with 5hr late registration.
 
nuttea

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Has anyone else done this?
I’ve done it twice recently
The other day was for $53 cash instead of a $55 ticket
Tho I love big buyins (cuz I know a big win must be coming my way, and this was a PKO my fav) my bankroll was much happier with the money and will keep me playing many more games👍
I think this is a good move, although the difference is not big, but with this money you can freely play many tournaments according to your bankroll, especially if you do not play abi 55 $ though it's not so easy to do this either) share how you did it?
 
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dregan

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This is a good prospect for building your bankroll if you're not sure of yourself. It also depends on the cost of the ticket you refuse. For me, the more expensive the ticket, the more obvious that I will take money so as not to risk losing what I can take.
 
venycyos

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I've done this a few times already, and unfortunately I haven't lived in the time when satellites could be exchanged for cash, unfortunately. I would very much like to play satellites that pay cash by cashing in tickets. something that comes close to this is some sngs that call after a certain amount of time, however they are a bit like bingos due to the tight blind structure.
 
SPANKYSN

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Never done it on purpose...thought about it but never tried to lose for the cash.
 
M

Medina

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I love Satellites. Especially those on which not only 1 or 5 tickets can be won, it is true that I also take part in them :)
I’ve been in a similar situation before, but I was striving to survive, it wasn’t such a prize, but I didn’t think about it.
In a similar situation, i would have chosen that, cash is always better than a ticket!
 
mtl mile end

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I have done this a few times when the bubble prize was enough to make me pass on the ticket. It doesn't have to be an amount almost equal to the ticket. What if you already have a half dozen of the target tickets? If the cash is half the value of the ticket, I would take the cash.

unibet has recently instituted a policy to stop this. If it's a €10 satty for some €50 tickets with €30 left over, you now get 3X €10 tickets (one for each of the "bottom" three) as the consolation prizes.
 
mariale_1990

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I have done that 3 times, the 1st 2 times it worked for me and I won the money, but the 3rd time I could not achieve it and I ended up winning the ticket, I remember that this time I was going to win $ 80, and I think the same my bankroll is happier With money than with tickets, unless I die to play the tournament
 
daddybrooks

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Never tanked on purpose like that, even back then. That being said, I sure would open up my range quite a bit once was past bubble. I would take the cash for going out early if i made a misstep, but ultimate goal was to play the sat and go from there in order to have the potential for the greater payout.

Side note: I also don't like chopping at the final table unless a big chunk is still left to take by 1st place. I like the "go big" philosophy rather than taking smaller payouts.
 
jaymfc

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Has anyone else done this?
I’ve done it twice recently
The other day was for $53 cash instead of a $55 ticket
Tho I love big buyins (cuz I know a big win must be coming my way, and this was a PKO my fav) my bankroll was much happier with the money and will keep me playing many more games👍
$53 cash vs $55 dollar ticket is a no-brainer. if you win a ticket you are pre registered to a 5 hour late reg game with unlimited re-buys that you cant afford. if you wanted to play the tourney you could add the $2 in order to register when you choose.

I tried it once for $80 vs a $530 ticket and had $30 in my bankroll.
of course I doubled up with trash and won the ticket. then needed to get thru 5 hours of late reg and rebuys with people whose $530 meant less to them than my $30 did to me.

with ACR staking now you can sell some and take a shot too.
 
black and

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I agree with you, sometimes I do too, although it is difficult and not always possible. But in general, this is a good opportunity to increase bankroll, and if there is such an opportunity, I will also prefer money.
 
MAGICUZ

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I used to do this often, now if I manage to win a ticket, I play for it
 
pirateglenn

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The facts are that the trade in for cash is normally and in my opinion should be significantly lower than the ticket if you want to trade in, this is where stars were losing a lot of money in the past and they got wise to it - full tilt was the same as i used to make a decent profit off satellites at these two providers - it went from cash to tournament dollars and then you could not ever trade up tourney dollars.
 
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SharkyShark1

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Interesting strategy, but don't you always play to win? I understand that you want cash at some point, but wouldn't it be wiser to play the tournament that you intend to play? Completely understand it from BRM view.
 
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