Thanks again everyone! It looks like the balance of opinion is for the $1500 event. I rang a mate of mine yesterday and he reckoned I should play some deepstacks at the Venitian. However, he had just played the $215 on Party. Third hand he got QQ, one caller. Flop comes Q95, he bets, he gets raised and all the money goes in. Opponent has JT. You know the rest... As he said, imagine if that happened half an hour into a $1500 event!
As you all say, the whole point of going out there is playing in a WSOP event, however unlikey cashing is, otherwise I might as well use the money to play in a decent GUKPT event. As long as I go in with the mindset that the money is basically lost at the start.
Hmm.....