WSOP Circuit - Ring And Seat - Good Idea or Nah?

CRStals

CRStals

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This year, the wsop Circuit event has started at Choctaw Resorts with a very unique satellite event. Starting today, event #16 is a $400 buy-in where $250 goes into a satellite pool, awarding $1700 main event seats; $80 goes into the regular prize pool, awarding additional money to the top finishers ($70 goes to rake) but the winner of this get a WSOP Circuit ring + a seat at the Tournament of Champions.

Is this a solid hybrid satellite structure OR is this just a big cash grab for the casino and for the WSOP?

As well, do you play this like a satellite or like a regular MTT?
 
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