What is a satellite?

A satellite is a tournament to win entry into a larger tournament. Let's say a site is having a $100 buy-in tournament tonight. Some people won't want to spend $100 on one tournament, so for those people, they'll offer a satellite where they will run a 10-man tournament where the winner gets free entry, and charge something like $10 - so the 10 people are putting up the $100 (10 x $10 = $100) but each is only risking 10% of the fee.

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Phil Hellmuth
My heartfelt condolences 2 my friend Daniel Negreanu @RealKidPoker on the passing of his mother. "Mommy" loved Daniel and supported him 100%
2 minutes ago
Bryan "Devo" Devonshire
19,500 end of 1. i opened my first pot UTG about ten minutes ago. i got six callers lol. Carter King two to my right nobody else i know.
4 minutes ago
Bryan Micon
@allenkessler vs. @complainsaw fueled by @savagepoker 's unintentional needling makes for a quality pokertwitter.
15 minutes ago
Liz Lieu
http://twitpic.com/qo7ea - Seat open :) flight's been delayed due to crappy weather!
35 minutes ago
Scott Ian
@deathoftheparty it does. I'll send you my Ping name.
37 minutes ago