As I mentioned in an earlier post, I won a Step 1 ticket in a Pokerlistings freeroll last week. My goal was to convert this into a Step 4 ticket that could then be used to enter the Sunday Million. After bouncing up and down through 4 games, I still had a Step 2 ticket. Previously, there was no way to cash out these tickets before reaching Step 4 ($215). So, unless you were serious about winning a package like benkogambit, the Steps weren't a good investment.
However, last night I clicked on "Tournament Tickets..." in the Pokerstars lobby and was surprised to see a whole slew of cash prize tourneys that I could enter using my Step 2 ticket ($27). Rather than taking the greater risk of trying to reach Step 4, I regged for a $22 buyin + $5 bounty knockout MTT with 15 minute blinds. There were about 250 entrants and the top 45 were itm. There were plenty of platinum and supernova vips in the tourney, but people were playing as if it was a $4/180.
I doubled up on the first hand of the tourney winning one bounty. Then stacked another guy winning a 2nd bounty a bit later and was among the chipleaders. With less than 100 players left a lot of middle sized stacks were getting desperate and all in shoves preflop were becoming the norm. A guy with 3000 chips shoved and it folded around to me in the bb with about 5.500 chips. I was holding KK and made the call but lost the hand and most of my stack with it. I never recovered from that loss, but did manage to get itm ending up 34th. This was not my Sunday Million dream, but $44 bucks profit from a freeroll is definitely welcome.
Well, the point of all this is that the lower level Step tickets can now be used to enter certain other tourneys. This makes them a very interesting option. Let us know if anyone else takes this route.