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Old 03-14-2009, 05:09 PM   #1
SeP
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Question about play money turning into real money..

Read somewhere on here that if you get 1 million play chips on a site they give you $50 real money?

Also, what is the best site to sell play chips on? Heard people actually BUY play chips..
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Old 03-14-2009, 05:16 PM   #2
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Re: Question about play money turning into real money..

*Ashamed.*

Yes, there are websites that buy your playchips and sell them back. I did that a few months ago, when I didn't feel like depositing. I did business with a website that worked really well. Back then, the going rate was $10/million PokerStars play chips. I just checked the site again, and now it seems that they buy a million at $7.50. They didn't buy often back then, so I guess demand is really low these days. They were very professionnal and efficient, and because I don't want to risk getting banned for advertising, I'll just say that google is your friend and you can trust the lion.
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Old 03-14-2009, 05:45 PM   #3
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Re: Question about play money turning into real money..

Quote:
Originally Posted by ZasZ View Post
*Ashamed.*

Yes, there are websites that buy your playchips and sell them back. I did that a few months ago, when I didn't feel like depositing. I did business with a website that worked really well. Back then, the going rate was $10/million PokerStars play chips. I just checked the site again, and now it seems that they buy a million at $7.50. They didn't buy often back then, so I guess demand is really low these days. They were very professionnal and efficient, and because I don't want to risk getting banned for advertising, I'll just say that google is your friend and you can trust the lion.
thanks for the post. mind shooting me a PM?
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Old 03-14-2009, 06:16 PM   #4
Cry Me A River
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Re: Question about play money turning into real money..

It's not spam if you don't have a vested interest in the company and you don't do it systematically.

SeP: use the Search, this has been discussed many times before. Type in "Selling play chips" and select only the Beginners Questions forum.

Search




Last edited by Cry Me A River; 03-14-2009 at 06:47 PM.
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Old 03-14-2009, 06:38 PM   #5
ZasZ
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Re: Question about play money turning into real money..

Have no interest in them beyond the fact that I like doing business with them and wish them success, so here it is:

http://www.tradeyourchips.com/
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Old 03-14-2009, 06:50 PM   #6
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Re: Question about play money turning into real money..

i don't get why companies buy playchips. how do they actually make money off this crap?
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Old 03-14-2009, 07:24 PM   #7
Joe Merlin
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Re: Question about play money turning into real money..

[QUOTE=Boxerz;9348877]i don't get why companies buy playchips. how do they actually make money off this crap?[/QUOTE/]

There are tourneys that have 50k, 80k, & 100k play money buy-ins. And actually, those tourneys are about as close to low stakes real money as there is. (how people play anyway) Since you have to start in the play money sites with only 1000 chips, it can take a long, long, time to build up a bank roll big enough to play at that level.

Therefore, when someone goes "busto", rather than start back over and build a new bank roll, they go to one of those sites and buy a million chips for $12-$15.

I think one of the reasons some people do this is the can tell their wife, not to worry, it's play money!
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Old 03-14-2009, 08:50 PM   #8
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Re: Question about play money turning into real money..

In my professional opinion and from what I can estimate from current market conditions, it would be advisable to hold what play money chips you have. The currency expects to make gains in coming years and will go a long way towards diversifying your investment portfolio.
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Old 03-14-2009, 08:58 PM   #9
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Re: Question about play money turning into real money..

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Originally Posted by KikoSanchez View Post
In my professional opinion and from what I can estimate from current market conditions, it would be advisable to hold what play money chips you have. The currency expects to make gains in coming years and will go a long way towards diversifying your investment portfolio.
you must work for DOW
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Old 03-16-2009, 12:49 AM   #10
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Re: Question about play money turning into real money..

[QUOTE=Joe Merlin;9349291]
Quote:
Originally Posted by Boxerz View Post
i don't get why companies buy playchips. how do they actually make money off this crap?[/QUOTE/]

There are tourneys that have 50k, 80k, & 100k play money buy-ins. And actually, those tourneys are about as close to low stakes real money as there is. (how people play anyway) Since you have to start in the play money sites with only 1000 chips, it can take a long, long, time to build up a bank roll big enough to play at that level.
Does PokerStars? I looked and couldnt find any.
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Old 03-16-2009, 01:17 AM   #11
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Re: Question about play money turning into real money..

I dunno bout stars but full tilt has some good play money tournaments.
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Old 08-19-2009, 04:04 PM   #12
DonkLegend
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Re: Question about play money turning into real money..

if interested i can sell 3,5mln PokerStars play money chips 10$/mln
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Old 08-19-2009, 07:35 PM   #13
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Re: Question about play money turning into real money..

also keep in mind that getting caught selling chips is in violation of the "term of use aggreement" -ya never know sell play chips and your account just went to sheet!
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Old 08-19-2009, 08:55 PM   #14
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Re: Question about play money turning into real money..

Quote:
Originally Posted by KikoSanchez View Post
In my professional opinion and from what I can estimate from current market conditions, it would be advisable to hold what play money chips you have. The currency expects to make gains in coming years and will go a long way towards diversifying your investment portfolio.
OMG that made my day
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Old 08-19-2009, 11:07 PM   #15
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Re: Question about play money turning into real money..

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Originally Posted by MILEHIMECHANIC View Post
also keep in mind that getting caught selling chips is in violation of the "term of use aggreement" -ya never know sell play chips and your account just went to sheet!
Can you please link to and quote the appropriate section of the TOS that you are referring to?
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Old 08-19-2009, 11:15 PM   #16
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Re: Question about play money turning into real money..

Quote:
Originally Posted by SeP View Post
Read somewhere on here that if you get 1 million play chips on a site they give you $50 real money?

Also, what is the best site to sell play chips on? Heard people actually BUY play chips..
You are probably thinking about the Absolute 10 Million Play Chip Hall of Fame $50 Bonus
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