money for play money

Does anyone know which website I can go to to auction off playmoney for real money? I heard you can do this, and people pay for play money.

google it.

theres like 10 sites probably lol

I guess it's not so "play" after all.

I never played play money long enough to lose it all, didn't know you could. I would imagine you're not going to get much for it.

I suppose it depends what you think "much" is. Rates are pretty high for a mill lately. Google it.

Def. google it and look around. I traded 100k for $1. I now have $24 on PS. GL with it

That is close to the going rate most of the "broker" sites offer to pay.

I'll mention in passing that, as of my last PS update, their dropdown Request tab has a new link titled Play Money Transfers that wasn't there previously. I didn't check it out, since it's been years since I olayed any monopoly money poker there, but it's possible PS is changing their stance re/ the practice of selling these. They officially frowned on it for a long time.

Wow, I thought it was a $1 per MIL. I'll have to find that one. Getting a mil will actually be worth the work. lol

Last I heard the going rate was 20-25$ per million

$10 for a million is what your most likely gonna get.

I don't know how hard it is, or how long it takes to make 1,000,000 play chips, but selling them for $10 doesn't sound like a good deal for me. Maybe I'm wrong, but wouldn't it be a lot easier to cash in a freeroll for $10 than to build play chips?

NO. All freerolls play like freerolls, unpredictable, and erratic. At higher levels, ex;10K sng play, the game is much closer to real money games, thus more predictable, less erratic. Good poker is often found at those levels, meaning if you have a good game you can profit there.

I got up to 1/2 mil at FT because I heard that it opened up a restricted freeroll with real money payoff. It wasn't really a freeroll, it cost 1/2 mil play to get into it. So to play in that I would want my BR to be in the 20 mil range. This was one idea that could explain why folks might want to buy play money.

Those games at FT have recently disappeared, and are morned in the forum at FT. Perhaps some similar thing happens at Stars, I don't have a big stack of Stars play money and don't know.

As for why anyone would buy play money they could possibly make for free?

Those FT 'not so' freerolls might be one reason. Perhaps experienced players realize that the higher level play money games are pretty good, at least good enough to use as a pretty good training ground, and the $10 to avoid the low level BS is a good investment. Certainly cheaper than playing a bunch of $5 donk games.

[quote=dj11;664349]
I got up to 1/2 mil at FT because I heard that it opened up a restricted freeroll with real money payoff. It wasn't really a freeroll, it cost 1/2 mil play to get into it. So to play in that I would want my BR to be in the 20 mil range. This was one idea that could explain why folks might want to buy play money.

Those games at FT have recently disappeared, and are morned in the forum at FT. Perhaps some similar thing happens at Stars, I don't have a big stack of Stars play money and don't know.
quote]

One of these happens every day at the same time, which I think is 21:00 ET.(Maybe an hour sooner)

In response to everything else, all the money I ever got came from freerolls .

I understand, now that i know there are play money tourneys that pay real money. But, to sell the play chips for real cash? That still doesnt sound like a good deal to me.
I have actually seen the 10K play chip sng and was REALLY SUPRISED at how good the play was. But if 1M=$10, 10K=10 cents. So the players are sort of playing in 10cent sng's, lol. I really cant belive the play in these sng's are better than the $5 level.

how is it not a good deal to sell fake money for real money? I can get a million chips in a day if I really wanted to.

i think its kind of ridiculous how people would litereally pay any sort of real $$$ for play money

Well, if it is that easy then its definitely worth building up play chips. Even if it takes a week to build 1M play chips, its probably still worth it. But like i said, i had no idea how hard it was to build up play money. I actually thought it would take awhile, and therefore you might as well build a BR using freerolls.

can any1 b more specific i told my friend about this and he wanted 2 know more if any1 can help tyvvm

What specifics are you looking for? PM me if you wish.

does n e 1 know if u can sell full tilt play money? i havent heard of this before but i was just wondering if i could actually build it and sell it

o sorry for piggy back, but also, if u can sell the play money from full tilt, how do u do it?

If merchants are buying play-chips then presumably they are re-selling them? and obviously that would be for higher than they are buying? who would buy that? I'm confused by this.

How is the payment made? into your poker account? Is Pokerstars buying back play chips through third party poker 'merchants'?

This is the most ridiculous thing ive heard in a long time.

Since they give them away by the millions daily, PS does NOT buy back play chips. What would be the point; they make them out of thin air(literally) every time a new user signs up.

Payment is made however the parties arrange. Transfer to a PS meal money account, Paypal, green stamps, rools of pennies,whatever.

Yes, they are being resold, at a profit of $3-4 per million mas o menos to players too impatient, lazy, or inept to accumulate them the old fashioned way.

It really depends on how you prefer to build your bankroll to get to the 1million mark. i played on PS and build my first 100k through ring games, then play 27man 80K playmoney SNGs, first place pays almost 800K, these are are great for building your playmoney bankroll to 1million. For the 80K SNGs, the standard of play varies, but its definately on the higher end of the scale for playmoney. Of course, there are donk everywhere ( at times, i'm one of the donks too...lol ), you just have to bear with it.

There are also turbo playmoney tourneys with buy-in of 5000+200 playmoney and the first place pays 2million+, these tourneys usually run for 3-4hrs, if you're able to win it, Voila~! you now have a bankroll equivalent to $20 real money. ( $10 per million playmoney )

Some people buy playmoney to keep their girlfriends from messing around with their real money accounts, some buy cause they wanna try out thrashing out thousands at the tables, there are just too many reasons why people are buying playmoney, where some of which you might think is ridiculous.

For those peeps who thought you might wanna start a online business, selling playmoney seems to be quite lucrative, you buy at $10/million and you're selling at around 2-3times of your cost, good money isnt it?
by the way, if i'm not wrong, PS playmoney are worth the most.

please feel free to comment on my views.

If you know anyone that is buying these then let them know I have wads of Monopoly money I could be persuaded to let go of for the right offer...

As for Stars doing it, I've only heard that their chips are being traded so it seems strange, unless it is some kind of novel marketing strategy, which would make a lot more sense. It gets people off play money tables and onto the money games, good for maintaining traffic and in the same way people have trouble dropping limits I doubt many would go back to play money once they've had a taste. Poker sites are giving out free money all the time so it wouldn't surprise me (except for the roundabout way, maybe a legal issue?).

I find it really hard to believe that anyone would buy play money (rather than just depositing and playing for real?).

If we could get real money for play money we would all be ritch.

If your willing to play that long and well enough to get a million play chips why dont you just deposit 10$ and win a million dollars?

Actually, it doesn't takr long to win a million playchips. The first 10/20k are the hard part, then just win a "high" buyin SnG and it's like killin' flies with a sledgehammer.

Guess, I'm not a good enough player to accumulate. I keep using my play chips to enter some of the freerolls that get me into sattilites that the top 8-10 get in real games with real cash. (total prizes $2000) You have to go to the tourny lobby and find the ones that link to the real $$ tournys, but I am finding them on PS. I keep dreaming that one day I will make it to the top.

sounds like alot of wasted time when you can cut out the middle man and play in the freerolls

turning play money into real money......priceless! i have 5 sets of monopoly i'm gettin some ideas..lol

I saw someone selling his REALmoney on the internet (you can transfer real money as well on Poker*)
so he got 10,- euros for 10,-Dollars, which is pretty good.

I never figured out, why someone wants to buy it?!

The reason certain sites and people buy play money can all be summed up in 2 words, Bot Testing.

You can not test a poker bot at low limit play money tables. The play is simply too erratic for any good data to come from it. As has been pointed out multiple times in this thread, the play is more realistic in high limit play money games than it is in real money low limit games.

You can not test a poker bot on real money tables. Until you get the tweaks right, your bot will lose you a lot of money as well as be very easy to spot by the sites software. Very high limit play money tables are not scrutinized nearly as much as the lowest limit real money tables.

This leaves only high limit play money tables for programmers to get quality data on how to tweak their bots to make the most money without being able to be detected. For them to do that they need millions and millions of play dollars to test with. They simply do not have the time to sit there and try to earn that much play money for their bots to use, so they do the next best thing. They buy it.

From what I can tell most of these "brokers" buy play chips for about $10 per million.Then they sell them to people who are too lazy/stupid to build their own play BR.I believe the going rate if you were to buy from them is like $17-$20 per million.

This has me thinking about opening my own website to be the middleman!

BTW if you are thinking about selling your chips,make sure to research the companies you are dealing with.There are plenty of them who will gladly take your chips for nothing in return.

I am currently starting to play for fake money at Stars to see how long it will actually take to get a million in chips out of 1000.I only have $3.80 in real money there and want to rebuild my BR.Plus I know that my money will still be at Bodog to play when I get sick of playing these donk 'n goes and donkaments.

i sold twice and got 10 for a mil