Strategy needed for the Paradise WPF Foxwoods sattelites

[Bubbagump]

Has anybody tried the Paradise multi table satellites for the WPT main event at Foxwoods?

I played one yesterday and I am really not sure what the best approach to these mini tournaments is. For those who don't know, these are for all intents and purposes $10 rebuy super satellites. The blinds go up every 6 minutes and the rebuy period lasts for the 1st hour. These events generally run about one and a half hours.

At the frequency with which the blinds increase you can't really be patient and wait for a premium hand. Also, the rebuy period lasts for 2 thirds of the entire event! So it seems there is a considerable amount of luck in these.

What's the best approach to playing an event like this?

Thanks,

Bubbagump