I have 6 for $2950. Will sell separately too if desired. I think I can accept/send PMs. I'll be around the Rio the whole series.

Ill.pay 2900. Not worth the risk if I lose one or forget to use. I'm at 93 tan.

you can only blame yourself if you lose one or forget to use it.

you can only blame yourself if you lose one or forget to use it.[/QUOTE]


Yes that's why theres no.reason to pay face value and assume that risk.

Need to unload a lammer. First $480 gets it.

Ill take all the lammers at 470$ and staying until the end of the wsop

message me if still available plz, i'm at Rio and will buy

Am long gone, but thx.

Friend wants to buy 3 lammers (1470) , he is at his room in masquerade , asap honestly.

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I have $1500 in lammers I'll sell for $1450, i can meet at the Rio, PM me for my phone #

lol, first time i open this thread and i'm glad someone said this.

I assumed this thread was about 2+2ers making it easy to get rid of lammers/helping each other out and buying @ face...LOL at these discounts you are throwing around. You can go stand in the ME registartion line and get rid of them in no time. Bunch of damn nits in here trying to make a quick buck, and no shocker Kessler is leading the charge

I really don't understand the vitriol for people trying to buy at discounts. These are market transactions. The lammer has no cash value, and its value disappears entirely at the end of the series. As an economic asset, it's clearly worth <$500 on that basis alone. As someone who's taken a haircut selling them in the past, I can say it was worth something to me to (a) gain liquidity at a time when the "market" was relatively inactive with no big bracelet event lines, and (b) not spend time hustling people in line to sell them. I don't enjoy selling. So not having to go through that process has measurable value to me, and if I'm willing to fix that value at $10-$20, what's wrong with a player taking advantage of that?

Not a single time that I passed the registration are this year was there NOT a security guard right next to it.

Not to mention buying into tournaments with lammers can increase your tax liability should you cash the event and even if you can deduct your lammer purchase costs somehow it adds much inconvenience. I personally wouldn't even buy them at a discount for this reason alone let alone at face.

You still have a receipt that says you bought in for $1500 or whatever, so where's the extra tax liability?

Never actually played WSOP but heard from others than when you buy in with lammers, you are considered to have profited your entire cash (presumably because the lammers officially have $0 cash value), as opposed to just the winnings (i.e. if you cash a $1k for $100k, you are liable for $99k in profits, but if you bought in with lammers, you are liable for the whole $100k). If you got the lammers from playing satellites, you can deduct the buyins of those satelittes (assuming you have the receipts). If you got them from buying them from another person, it is effectively impossible to have a receipt, and it wasn't actually a gambling loss that could be easily deducted from your gambling winnings. A poker pro could probably deduct as a work expense but either way it's a hassle if even possible at all.

Keep in mind that because of this system, it is somewhat common practice for people who intend to play future tournaments to sell their lammers and then buy into the tournaments with cash. Legally, such a person should report the sale of lammers as income, but I doubt anyone does. It's the same as not reporting cashes under $5k that are not reported to the IRS, only in this case, people are actively trying to dodge the taxes.

Granted I'm saying this all to you second hand. There are surely people more knowledgeable than I on this subject in the thread. I hope I'm wrong about this whole mess, so please correct me if I am.

I see this as wrong and you should be careful as to giving tax advice with second hand information.

I apologize if it is wrong and noted that it could be (not to mention classic *don't take tax advice from random people on the internet* warning). Could you please clue me in on what is wrong? My goal is not to mislead people, it is to share what I believe is correct on a public forum.

Got 5 lammers for 2425$ shoot me a PM and we can meet anywhere at the rio

Anyone still buying lammers? I’m at the Rio with four $500 lammers. It seems that there are very few people here who know what they are and even less willing to buy. I’ll give someone a deal if they want to take all of them. Text Jason at 562-229-6267

will buy at 470 throughout whole series up to 3k at at time starting the 11th.
PM me here

I will be there tonight at 6:30pm with a $500 lammer available for $465. I will be buying in to the $365 Giant event (it's the only one my schedule will permit me to play) and I don't want to lose out on the balance of the lammer value. Happy to share it with someone though. I'm sure this is the best deal you will see anytime soon. PM me if interested.

Sold at full value to someone in the registration line! :smile:
Jumping into the Giant... here we go!

I have $4k in lammers that need a new home. PM me if interested

I have one lammer to sell if anyone is interested in buying. I will be at the Rio at 9:00 tomorrow (Friday 6/15/18) morning. PM if you can help!

BM