WCOOP Event #1 Preview

I played 9 small WCOOP satellite tournaments today with extremely poor results. For those of you who don't know a satellite tournament is a tournament where instead of cash prizes the top finishers get an entry (or a seat as we often call it) into a tournament with a larger buy it. This allows players who normally couldn't afford the larger buy in a chance to win their way into big tournaments.

For example if you had 150 players enter a normal $55 tournament, the $7,500 in the prize pool would get split amongst the top 18 finishers with 1st place paying something like $2,500 and 18th paying something like $75 with everyone in between getting varying payouts. Instead let's say they same group played a $55 satellite to a $500 tournament. Now instead of 18 players getting various amounts of money everyone who finishes in the top 15 gets an entry into that $500 tournament. Once you're down to 15 the tournament is over. It doesn't matter if you have 1 chip or 100,000 chips, you all get the same prize.

I got close in one such tournament today where the top two spots won a $530 seat. Instead I finished 4th and got back $18. That was the highlight of the 9 tournaments. BLAH! The total damage was -$460.

WCOOP Event #1 starts at 11:30 PT tomorrow. It's a $215 NL Hold'em 6 handed tournament. Some of you may recall that my one cash at the 2008 WSOP was in 6 handed NL hold'em and since most of what I do is play six handed these days, I'm looking forward to this tournament.

Last year there were 4,610 entrants and a first place prize of $155,561. I expect there will be at least that many this year. Hopefully I can get off to a strong start. Of course I'll post details when I'm done or along the way if things are going really well.