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01-29-2012 , 07:39 PM

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

What is the current rate for US players selling their Full Tilt money? A friend (trustworthy obv) just offered me his whole account (26k) for 2,600. Which side you like?

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01-29-2012 , 07:41 PM

Malefiicus

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Join Date: Feb 2008 Posts: 6,417

.25-.35 (25%-35%) is the going rate, afaik. But I don't keep up with it much, I just saw that in the marketplace a few days ago. 10% seems like a deal.

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01-29-2012 , 07:43 PM

39suited

But it was suited

Join Date: Feb 2008 Posts: 8,189

Quote:

Originally Posted by 1stUGetDMoneyPal

What is the current rate for US players selling their Full Tilt money? A friend (trustworthy obv) just offered me his whole account (26k) for 2,600. Which side you like?

IMHO the current rate is zero, because nobody knows what will happen once the site reopens under new management. Sure it has been promised that all player funds will be distributed, but that may take a long time still. Your friend must be somewhat desperate though to offer it for 10%, yet nobody can access the accounts right now and thus I would recommend not to go for it. At least not now when the site is not re-opened yet.

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01-29-2012 , 07:44 PM

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

Quote:

Originally Posted by Malefiicus

.25-.35 (25%-35%) is the going rate, afaik. But I don't keep up with it much, I just saw that in the marketplace a few days ago. 10% seems like a deal.

Where in the marketplace? I couldn't find it. Thanks.

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01-29-2012 , 07:50 PM

Malefiicus

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Join Date: Feb 2008 Posts: 6,417

http://forumserver.twoplustwo.com/sh...ostcount=11518

Honestly, I think it's way undervalued. But once again, I don't keep up with it much.

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01-29-2012 , 07:57 PM

starvingwriter82

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Join Date: Feb 2009 Posts: 7,793

I'd probably take a 10% on the dollar deal if I knew with confidence I'd actually get paid in the event funds became available again, but there's no way to really hold someone to it.

My guess is you buy it for 2600, then when the 26K is available, you hear something like, "come on man.... it's over 20K...." and either don't see the money, only see a fraction of it, and/or end up in a huge fight.

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01-29-2012 , 07:58 PM

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

Quote:

Originally Posted by Malefiicus

http://forumserver.twoplustwo.com/sh...ostcount=11518

Honestly, I think it's way undervalued. But once again, I don't keep up with it much.

Thanks.

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01-29-2012 , 07:58 PM

rje8686

Pooh-Bah

Join Date: Apr 2008 Posts: 3,603

Things to consider when buying:

1) Will you miss this money if FTP never pays back?
2) Does it matter to you that it might take months?
3) You might not see the full 26k because of the agreement FTP make with new owners.
4) How much do you trust the person you are dealing with?

No idea what planet 39Suited is on but the rate is obv >0. As with any investment there is risk involved you just have to decide for yourself if the risk reward ratio is good enough. 10% seems an excellent deal considering the other amounts its been going for on 2+2.

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01-29-2012 , 08:01 PM

39suited

But it was suited

Join Date: Feb 2008 Posts: 8,189

Quote:

Originally Posted by rje8686

No idea what planet 39Suited is on but the rate is obv >0.

I take it you can log into your FTP account right now and access your funds? It's not my money, but it doesn't hurt to stay realistic ... but hey, he who doesn't gamble can't expect to win either.

Just ask yourself why anyone would sell the above amount for only 10%, some offers sound too good to be true and that should always ring alarm bells. Friends are not always friends when money is involved, especially not 26k!

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01-29-2012 , 08:12 PM

#10

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

Quote:

Originally Posted by 39suited

I take it you can log into your FTP account right now and access your funds? It's not my money, but it doesn't hurt to stay realistic ... but hey, he who doesn't gamble can't expect to win either.

I hear you, but 1) very close friend, no reason for distrust, 2) know his financial situation and understand why he needs 2600 now, and 3) he isn't on any sites like this one, so doesn't have any "online rep" so he could only sell to friends, therefore his rate has to be much lower than reputable members.

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01-29-2012 , 08:14 PM

#11

39suited

But it was suited

Join Date: Feb 2008 Posts: 8,189

Quote:

Originally Posted by 1stUGetDMoneyPal

In that case go with your gut feeling and how good you know the person, best of luck and fingers crossed that it works out. Keep in mind that it may still take months before you will have access to the FTP funds.

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01-29-2012 , 08:19 PM

#12

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

Thanks.

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01-29-2012 , 08:26 PM

#13

am_man

old hand

Join Date: Apr 2008 Posts: 1,392

snapcall

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01-29-2012 , 08:36 PM

#14

Vince.

old hand

Join Date: Aug 2005 Posts: 1,620

I'd take that deal fosho

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01-29-2012 , 08:46 PM

#15

Shannon

enthusiast

Join Date: Jan 2005 Posts: 61

I am in awe that anyone over the age of 15 actually believes that someone that desperate for 2,600 will just hand over 26K should it become available. Not only will he not give you that money, your friendship will be over.

Edit: If he's that good of a friend loan him the money and bare in mind your chances of seeing it again are slim and may result in the end of your relationship anyway. If we get our Full Tilt money he can give you back maybe 100% return for being such a good friend. If he does actually have that much in the FT account, he's far more likely to honor something like that. Your chances of seeing 26K for 2,600 are nil.

Last edited by Shannon; 01-29-2012 at 09:08 PM.

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01-29-2012 , 09:18 PM

#16

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

I understand the concerns, but I am not interested in posts about him trying to cheat me.
That is not a concern at all. We've been close friends for about 16 years (middle school). He just doesn't think he'll ever get it back and really wants the money now.

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01-29-2012 , 09:27 PM

#17

Shannon

enthusiast

Join Date: Jan 2005 Posts: 61

Then by all means do it. I would never sell my FT money for 10%, I think the chances of getting it back are far greater. I only left what I needed on the site anyway so my vote doesn't count.

What would it do to your frienship if we get our money back and he doesn't come knocking on your door with twenty six thousand dollars? It won't happen man, but it's clear this is something you don't know yet about life. So by all means go for it.

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01-29-2012 , 09:36 PM

#18

Sly Caveat

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Join Date: Aug 2007 Posts: 8,635

Your friend is getting screwed by Full Tilt. If the 26K comes in and he has to hand it over to you, rest assured that some part of him will still feel like it's his money. There is a very good chance he will resent you for it. That's human nature. It might change your friendship forever. Putting that kind of money between friends is just not a good idea. It's obviously a gigantic amount of money to him, if he's hard up for $2,600. It's probably a good investment on paper, but stay out of it IMO.

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01-29-2012 , 09:41 PM

#19

1stUGetDMoneyPal

banned

Join Date: Oct 2011 Posts: 77

I would really prefer posts about the rate.

No, 26k isn't that much money to us. He is on a downswing and is trying to avoid needing to be staked at the wsop (normally plays like 12 events) and wants to play in the bigger game where we play, but can't quite justify it with his roll and is looking for money anywhere he can get it.

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01-29-2012 , 09:45 PM

#20

AirborneSapper9845

self-banned

Join Date: Jan 2010 Posts: 1,447

Quote:

Originally Posted by Sly Caveat

+1

Even if your friend swears up and down that he knows he's the one that agreed to sell at 10%...if he does get the money back and then has to give you 26K...he will carry resentment. Doesn't take a PsyD or a PhD psychology to understand thsi

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01-29-2012 , 09:49 PM

#21

Shannon

enthusiast

Join Date: Jan 2005 Posts: 61

Quote:

Originally Posted by 1stUGetDMoneyPal

Uh huh. This sounds like BS to me. Obviously 10% is a good deal if you are sure he will hand over the money, cause well 26K isn't much to you guys.

If you're such good friends why does he need to make this deal with you? Just loan him the money big man, he's good for it right. Why would you take his 26K good buddy?

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01-29-2012 , 09:53 PM

#22

AirborneSapper9845

self-banned

Join Date: Jan 2010 Posts: 1,447

Quote:

Originally Posted by Shannon

Haha I was thinking the same thing. OP's friend is a baller high stakes player who jet-sets to vegas to play 12 events in the WSOP....but needs 2600 so desperately he will sell potentially 26K for it.

/thread

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01-29-2012 , 10:22 PM

#23

Bobo Fett

Carpe Diem

Join Date: May 2006 Posts: 56,967

Quote:

Originally Posted by 1stUGetDMoneyPal

I would really prefer posts about the rate.

Why? Only you know how much risk there is that your friend doesn't pay you if he gets the money back, and only you know what chance you think there is that FT ships the money back. Pretty sure that consensus here will easily put those odds of FT paying back at well over 10%.

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01-29-2012 , 10:22 PM

#24

MurderbyNumbers123

old hand

Join Date: Jul 2009 Posts: 1,462

Quote:

Originally Posted by 39suited

IMHO the current rate is zero, because nobody knows what will happen once the site reopens under new management. Sure it has been promised that all player funds will be distributed, but that may take a long time still. Your friend must be somewhat desperate though to offer it for 10%, yet nobody can access the accounts right now and thus I would recommend not to go for it. At least not now when the site is not re-opened yet.

lol you cant be serious... the deal won't be on the table when the site is reopened ldo

yeah nobody knows, hence its somewhere between 0 and 100% of its value. Its uncertainty just like poker. It's a bet.

10% is a sick bet though. I'd snap accept, thats a nice sum too, not so much that its a disaster if you lose, and big enough that the upside is huge.

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01-29-2012 , 10:32 PM

#25

RikaKazak

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Join Date: Jul 2005 Posts: 9,662

On paper, I would snap take the deal.

In real life, no way would I take the deal.

No one is "hard up" for $2,600...then doesn't care/change their attitude towards you over $26,000 if they do end up paying.

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