As of April 5, Series 2012, Cake Poker’s satellite series for the 2012 World Series of Poker Main Event, has begun. It features weekly satellite final tournaments on every Sunday at 05:00 ET or 9 pm GMT for a $215 buy-in. At each of these finals, one player will win a prize package that includes a seat in the 2012 World Series of Poker Main Event in Las Vegas, Nevada, USA for every $10,000 in the prize pool.
You can avoid playing that $215 buy-in by winning your seat in the final through a Step 4 satellite. These events have $65 buy-ins and send one player to the finals for every $215 collected.
Likewise you can win your seat in the Step 4 event by finishing high enough in a Step 3 event. These have $22 buy-ins and award tickets to the Step 4 event for every $65 collected.
You can similarly win seats in the Step 3 event through a $3.30 Step 2 event. These have one rebuy and one add-on each award a ticket to the Step 3 event for every $22 collected.
Tournaments in steps 2 through 4 take place at Cake Poker every 4 hours.
Taking place every 2 hours is the Step 1 satellite, with unlimited rebuys and add-ons (during the permitted period) for an initial buy-in of $0.30.
There’s one more way still that you can get seats in any of these satellites, whether a Step event or the Final, and that’s by paying with Gold Chips, one of the currencies earned as part of the Cake Poker player loyalty and rewards program. This takes place in the Cake Shop.