Depends, Usually a Waste of $
For me satellites have always been a double edge sword. The problem I see is that most of them cost a decent amount of your roll and all we can win is a "chance" at another MTT...meaning we need Variance to once again run with us.
Freeroll Satellites are great, along with extremely cheap ones. But when they start becoming more than 1% of your roll for a buy in, they can quickly cost you a ton of cash. I remember watching something about the "math behind satellites."
Basically, lets say The Buy-in for a Satellite is $100 + $10 ($110). It gets you into a Tournament that is $1,000 + $100 ($1,100). You would break even in this scenario if the tournament offered 1 GTD Seat per 10 Entries, but often Satellites will offer something like 1 Seat Every 12 Players, or just a flat "10 Seat GTD!!" Sounds juicy, I only have to be a top 10 player to get a seat for 10% of the price, only problem is with late registration there are now 150+ entrants... Now the math says if I played this tournament 10 times (which equals a total buy in of $1,100 overall) I would not necessarily win a seat at all. So maybe now in the long run I'm paying $1,300 for a $1,100 MTT...or worse!
Bottom line, I avoid satellites unless the math works out in the player's favor, its a free roll, or I'm wanting to take one little, very rare stab at getting into a very big event. But even after getting a ticket to a big MTT, the odds of that satellite buy in being profitable long run is less likely than building up your roll and just buying into the MTTs straight up when you can afford it. Doesn't seem like very many pros play satellites either..even those on the come up who can't afford the massive buy ins.:damnmate:
Thoughts?