PPM V

Party Poker has started up their satellites for next year's Party Poker Millions V cruise WPT event. They say the prize pool will be at least $10 million. I'm going to make it my goal to get on that ship next year with out having to stow away.

I took my first step last night. I played in two of the $9+1 qualifiers. If you win this single table satellite, you get a free entry into the $60+6 tourney and if you win there, you get an entry into one of the $500 semi-final tournaments where you have chance to get on the boat.

I took 2nd place in my first satellite which gave me $24, a net win of $14, hardly worth the time.
In the next satellite, after a long heads-up battle against a short stack, I took first. This guy kept hanging around, until I finally caught him stealing when he went all-in with nothing vs. my KQ. So now I have an entry in the $60+6 satellite.

In reflection today, I think I'm going to start skipping this lower level and buy straight into the $60+6 level. I think I'm better off spending the time playing 5/10 and trying to win the $60+6 than playing in the smaller satellite.

For example, last night I picked up $300 while playing 5/10. Now I don't expect to have this good of a night every time, but since my bankroll allows me to play at this level, my EV is higher by playing 5/10 than playing in a $9+1 S&G. However, my EV is higher playing the $60+6 S&G than playing 5/10. This is of course assuming that I value a $500 entry chip the same as $500 cash I could win playing 5/10.