How do the WSOP satellites work?
Those satellites are for all events. Actually, they are to win “tournament buy-in chips” worth $500 towards a buy-in to any event. You could for example, win a hold’em satellite and receive 3 chip and $60 in cash. This has a value of $1,560 and may be used as a buy-in for any $1,560 event. The chips can be added up to play in a larger event, or can be sold to you friends at discount. They are usually obtainable for $480. In the “old days”, or PC (pre-chip) days, you received a receipt and HAD to play in the specific tournament that matched the satellite you won. Now you have all kinds of options. Just think of them as tournament stock certificates. These chips are without question the best invention of the 90’s for tournament poker (I would say this even if it wasn’t my idea)……
