[LearnedfromTV]

Yes, as I said in another post to N 82:

"I should add that my point requires that you be playing multis at the same buyin level as the satellite (i.e. you are replacing some $250 regular tourneys with $250 satellites.) If all you do is play satellites way under your bankroll to get into events at your bankroll, you're wasting time. This only makes sense for people who are rolled for events big enough that they don't have a lot of them to play (and thus often play lower buyins because it is the best available option). Of course, these are the people least concerned about variance, which makes my point less relevant."

In other words, if a very good player is +EV in $2500 multis and has the bankroll to play them, and has roughly equivalent EV's in $250 multis and a $250 satellite to the $2500, he can minimize his overall variance by playing satellites to $2500's in addition to regular $250 multis, provided that there are times when these buyin levels are the highest available options. This ignores other games - of course his time might be better spent in cash games or STT or PLO or something else.