Satellite
Also known as: sat, satellite qualifier, step satellite
A tournament that awards seats into a larger event rather than cash, where every winning seat is worth the same.
A satellite pays out identical prizes — usually seats — to everyone who finishes above the seat line. This flattens the payout structure: 1st place and the last qualifying spot win exactly the same thing. That makes the ICM implications extreme.
Because all seats are equal, chips above the amount needed to lock a seat are worthless. Once you are comfortably above the bubble line and a seat is near-locked, you fold almost everything — including hands like AA when a call risks your locked seat against a covering stack. Conversely, very short stacks must gamble while big stacks should avoid all marginal confrontations.
The winning satellite strategy is therefore the tightest bubble play in poker: maximize survival, never put a locked seat at risk, and let other stacks bust into the seats. Chip accumulation only matters until your stack clears the line.
Example
10 seats, 12 left, you have 30bb (4th in chips) and two 8bb stacks are at risk elsewhere. The button shoves into your big blind and you wake up with KK. With two short stacks likely to bust and your seat near-locked, folding KK is correct — covering 30bb risks the only thing that matters: your seat.