The limit hold'em tables are ALWAYS there, there just aren't always people sitting at them. Tell your friend that if he sits and one and waits patiently he'll USUALLY get 2 or 3 people to join him within 15 minutes. The tables very seldom get full though.

With regard to the FAQ, there's an FAQ button at the top of every page on the website.

Remember that 8.89LC/$ is the LOWEST ratio of LC to $ that was accepted - the SECOND-lowest could have been 50LC/$ for all we know.

There had to have been a ton of bids around the 100LC/$ ratio that were for such small amounts of money that by the time LiveAce HONORED all of those they still hadn't given away the whole $500.

Judging by that ratio I'd guess this person bid 80 chips on $9. If, for example, 29 of the OTHER 58 people divvying up the other $491 bid, for example, 500 chips on $5, ALL of those bids would get honored first, and if there were $9 left over when it got to this person that bid would be honored.

I figured that much. Was kinda hoping that LiveAce would post some sort of graph showing where people are actually bidding, and for how much.

it means everyone got the money that they asked for and was below the $500

Are you looking at TN as a state that you can operate? The sweepstakes laws in TN seem very similar to TX.

ha i was right again about the bid rate crashing. I'm mad i donkey off 7k chips the past 2 days now. now i have nothing to bid with really tonight

Go to liveace.com. It has all the info. Your friend probably hasnt played enough. There's always been NL, Limit, and PLO and it still is that way.

As for how it works, theres a video on liveace.com explaining it. You get regular chips (200) and when you win at the table, lets say you sat with 120 and leave with 200. Then your account will have your regular chips of 200 and live chips of 80. Everyday, you can top off and get 200 regular chips if you don't have a total of 200 chips. So lets say you have the 280 (200 reg, 80 live) and lose 120 reg. You'll have 80 reg and 80 live. Next day, you can top off and then you'll have 200 reg and 80 live.

Now with live chips, you can bid in auctions. There's an auction everyday. So then you'd put in how many live chips you want to bid for how many dollars. So lets say you put 80 live chips for $1. After the auction, you'll either win or not. If you don't, you'll be given back the live chips. If you win, you'll get the $1. Everyone bids on an auction and the highest bid rate get the prize first and then next highest bid rate, etc... until all the auction money is gone

Once you start playing, you'll figure it out.

wow, I guess the site is failing...that's really too bad...all that free money they're trying to give away and it's too complicated for the average person to figure out what's going on. I hope I'm wrong, but I don't think the site can support itself much longer unless they figure out a way to get more players unless they really do get people to pay the monthly membership fee, but as far as I know, not very many are doing that.

i hope your wrong but in s.tarting to feel the same way. like i mean why would you play on any other video game/poker website that you play for free on in your free time it makes no sense. The software is rough but in no means is it that bad or unplayable

I have started to play here and its an interesting concept. I mean for playing in the US and micro grinding its a great option. It doeant take too long to figure out the auction thing and its way better than the alternative.

Couple of things I like to see is a better mobile client that would make it for a bit easier play. I am on a Samsung Galaxy s3 and it cuts off so have to scroll a bit to raise and fold.

I also would like to be able to play a 100bb stack. In a 1/2 game it seems 120 chips is shorter than what I like. Love to at least get an option.

I also would like an all in button too.

So can we expect extremely low bids today?

One player won $52 for 463 Live Chips

Wow, thats crazy. How does someone even know to bid that much?

im predicting it remains low around 25 bid chip rate rate tonight and maybe even tomorrow because it crashed on a 500$ bid night i am saying this because their is an extra 500$ to be won tonight to go around.

wow i was wrong lol. i wondered where all these bidders came from. my bid at 39 did not get filled

So any word on what the hell happened? This is grossly, far from the norm.

I have a suggestion. I understand how keeping the tables short stacked prevents player from going broke too fast.You don't chage rake you sell chips so offering deep buyin tables would benefit you more and alot of players would appertiate it. Short stack poker is boring. I don't plan on saving live chips to move up in stakes just to be playing short stack again when you can freeroll regular chips.

Keep every thing the same just add 1/2nl with 500min and no max would be great. That is true no limit it allows you to be creative and take any line. With your bankroll requirements it would be 2500 similar to 2/4nl but i belive it would fill more often and games would run longer. Its more fair with these stack sizes. The way it is now if you do well then the stort stacks have an edge and there is a constant stream of them. Players moving from the current 1/2nl to the deep stack game after winning wouldn't really affect the flow or play of that table due to the low buyin at 120.

also 6max, 4max, and head up would be great

I like the site thank you

I don't think they paid out the whole $500 59 of 59 got paid

basically what happens is most people bid every day which over inflates the bid rate. and only win a couple of dollars but if you have enough people that decide not to bid one day that have accumulate enough chips to build bank rolls this is what happens. people where bidding 80 chips per 1 dollar thats 66% of the buy in for 1/2 which most people play.

All $500 was awarded

What are the chances that all of the $500 was awarded? Not $5 short or something. Seems impossible without inside info.

InFinite...you're just supposed to believe what they tell you. Don't you know that's how i-poker works?

But seriously, I think that MOST auctions award all of the money.

While its certainly possible that not all funds would be awarded in an auction, usually there are bids for a lot of $ for a relatively small amount of Live Chips. Think of this bid as a long caboose at the end of a train which picks up all remaining funds.

For instance, the 11/22 auction had a bid of 4,444 LCs for the entire $500 auction amount (8.89 Bid Rate). This was also the last accepted bid. When we got to this bid only $52 was left. As you can see, in this auction all $500 was certain to be awarded.

I see. I didn't know you could win the leftovers with your bid rate, so that makes sense... Good to know!

Lori,
I have enjoyed playing the site. Why don't you let us know how things are going, future plans, etc., when you get a chance?

Yeah anything coming with fixing some of the known bugs? Or anything new coming? Tournaments? Bigger auctions?

Thanks again Lori