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Message: [QUOTE="Dara OKearney, post: 5322494, member: 390655"] This is the question I probably have been asked the most down the years, and the answer is counter intuitive. The human mind has a cognitive bias/design flaw to anchor things to each other whether there's a logical connection or not. For example, when selling something, we are far happier to sell if the offer is above what we paid for it, but in reality a price above our original purchase price could be a bad deal (if it's less than the actual current value) or one below the original purchase price could be a great offer (if it's more than the actual current value). This manifests itself in satellites by players linking the amount they are prepared to commit to satellites to a tournament to the buyin of the target tournament. So you'll hear arbitrary guidelines like "don't spend more than x% of the buyin on satellites". The reality is that's not a useful way to think about satellites. Each individual entry is a one off proposition, and should be judged purely on its own merits (in terms of likely edge over the field and ROI). If you bust, the next bullet should be just as profitable, maybe even more so, unless you're so tilted by the bust you won't play your A game. There's a section in my "Poker Satellite Strategy" book which explains the maths of why it's particularly profitable to late register satellites. My own approach to satellites is I generally register my first bullet right at the start (to take advantage potentially of the weakest players before they lose all their chips) and then if I bust that, hold off until the last possible minute to reenter (if that's allowed: some satellites insist you reenter immediately). An exception is satellites where the addon is much bigger than the starting stack and rebuys: in this case it's often better to skip registering at the start and maximum late register. Again, this is explained in more detail in the "Poker Satellite Strategy" book. Thanks for your question! [/QUOTE]

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