2+2 WSOP lammer exchange - Page 22 - WSOP and Tournament Circut

You probably meant LVPD, but even that is wrong, I think they're just called Metro because they cover Paradise, etc.

Who told you that a guy was arrested? A WSOP suit?

Quote

07-16-2016 , 12:02 AM

#527

Jigsaw

veteran

Join Date: Oct 2009 Posts: 2,308

Quote:

Originally Posted by Lord_Strife

I'm glad it's not true, I found it interesting

Sent from my iPhone using Tapatalk

I said that it is not true because there is nothing called NVPD (see link in my previous post).

NVPD - Ne Vada Police Department?

I guess that someone could get arrested for selling lammers, under some whacked interpretation of some law. But people have been buying/selling lammers for a long time. And I have never seen or heard of an arrest.

Quote

07-16-2016 , 12:03 AM

#528

Lord_Strife

Carpal \'Tunnel

Join Date: Feb 2006 Posts: 6,504

Quote:

Originally Posted by Jigsaw

Wasn't arrested, just cited. Sure I made up NVPD, I'm sure it was whatever it meant to be

Sent from my iPhone using Tapatalk

Quote

07-17-2016 , 08:42 PM

#529

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,755

Quote:

Originally Posted by Lord_Strife

Wasn't arrested, just cited. Sure I made up NVPD, I'm sure it was whatever it meant to be

Sent from my iPhone using Tapatalk

Doesn't matter, there has to be a code/statute violation, e.g a law broken. If they were actually cited, the code number will be written on the citation.

Quote

07-18-2016 , 03:39 AM

#530

OK2ThePrism

journeyman

Join Date: Sep 2008 Posts: 223

I'm not clear that trading lammers is even against the rules, technically speaking.

Lammers are clearly marked "No Cash Value" and I know that WSOP states that they are not redeemable after a certain date but I do not remember explicitly seeing a "not transferrable" rule.

I can imagine there is a set of rules somewhere that I simply have not looked up, but on a common sense basis these seem to be bearer instruments and that wouldn't seem to prevent them being traded.

Quote

07-26-2016 , 08:43 AM

#531

OMGClayDol

Carpal \'Tunnel

Join Date: Apr 2010 Posts: 11,060

only read last few posts but absurd to say if u buy lammers you should pass discount onto investors etc (it was @ chainsaw, so maybe it was trolling but w.e)

think lammers are technically against the rules but they dont care and they are pretty obvious that their attitude is "its tech. not allowed, but feel free to do it"
staff often say sth like "ur not supposed to do it, but just go somewhere where i cant see and its all good"

Quote

07-26-2016 , 02:03 PM

#532

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,755

You have it backwards. Technically there's no rule against selling them, but some people decided to enforce a rule that doesn't exist.

Quote

06-07-2017 , 10:13 PM

#533

AlexBalex

old hand

Join Date: Jun 2010 Posts: 1,626

Bump. This still a thing?

Sent from my iPhone using Tapatalk

Quote

06-07-2017 , 11:00 PM

#534

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,755

I would have asked, but I have been hammered by the runbad gods. Between megas and STT's I'm about oh for 15. It's enough to make me find a new hobby.

Quote

06-08-2017 , 02:27 AM

#535

poesay

centurion

Join Date: Jun 2012 Posts: 123

Quote:

Originally Posted by AlexBalex

Bump. This still a thing?

Sent from my iPhone using Tapatalk

Curious as well

Quote

06-08-2017 , 03:42 AM

#536

DUCYdonk

adept

Join Date: Nov 2013 Posts: 764

People have just been standing at the entrance to the cage selling their lammers -- literally 2 feet away from security without problems.

Quote

06-08-2017 , 04:10 AM

#537

Poker Smiley

centurion

Join Date: Jul 2007 Posts: 115

Nice - I know what I'm doing tomorrow

Quote

06-09-2017 , 05:57 AM

#538

doublejoker

Old News

Join Date: Jan 2006 Posts: 9,953

Quote:

Originally Posted by DUCYdonk

People have just been standing at the entrance to the cage selling their lammers -- literally 2 feet away from security without problems.

Believe me you can get tossed from the property.

I'll buy at 480 all the time. No hassles.

Quote

06-11-2017 , 11:56 AM

#539

deleted acct

Guest

Posts: n/a

Wish I had seen this thread. Won a SNG the night I left and tried for about 45 minutes to sell the lammers at the registration cage being rejected by every single person. Then wandered around the poker room asking people at random. Got three people to negotiate and not one would go above $950 for my $1000. Even got threatened to be kicked out by a floor person who overheard me asking. It was really quite a nightmare and makes me not ever wanna play SNGs at the Rio again.

I really can't believe they don't make their lammers good for next year. Seems like a nice way to rob a lot of money.

Quote

06-11-2017 , 01:25 PM

#540

BoDiddleyMacau

veteran

Join Date: Oct 2008 Posts: 2,286

Quote:

Originally Posted by Czar Chasm

I really can't believe they don't make their lammers good for next year. Seems like a nice way to rob a lot of money.

This would create a huge liability on the books for accounting, which I assume they wouldn't want.

And, like you said, they are going to make money on breakage.

Quote

06-11-2017 , 01:52 PM

#541

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 14,550

Quote:

Originally Posted by doublejoker

Believe me you can get tossed from the property.

I'll buy at 480 all the time. No hassles.

If people really were being tossed from the property, why are you so comfortable advertising that you'll buy them at a discount.

What if they tapped you on the shoulder today and tossed you for doing what you're doing?

Buying at a discount doesn't suddenly make it ok.

(if it wasn't ok in the first place)

Quote

06-11-2017 , 03:19 PM

#542

AlexBalex

old hand

Join Date: Jun 2010 Posts: 1,626

Buying/selling lammers is like sneaking food into the movie theater. You won't get in trouble for it unless you're blatant about it.

Sent from my iPhone using Tapatalk

Quote

06-11-2017 , 03:41 PM

#543

doublejoker

Old News

Join Date: Jan 2006 Posts: 9,953

Quote:

Originally Posted by PeteBlow

Offering to buy at any time for 480 is not the same as harassing strangers.

For all they know the lammers may be counterfeit.

Quote

06-11-2017 , 09:37 PM

#544

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,755

I always offer to go to the window with them to ensure the lammers are accepted.

Quote

06-11-2017 , 11:17 PM

#545

iraisetoomuch

banned

Join Date: Aug 2013 Posts: 37,475

People buying for only less than face are a plague to the economy.

It's worth $500. Pay as such.

Quote

06-11-2017 , 11:57 PM

#546

BillyBizzle

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 7,711

I find Alan's evolving sales tactics for being willing to buy at a discount interesting to watch.

We have never had a single person in here who has been punished further than being told to stop by security. Expressing certainty about the existence of a worse punishment is simply fear mongering on his part to attempt to drive the market down for something that should be at or extremely close to full value.

Quote

06-12-2017 , 12:38 AM

#547

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,755

I got yelled at, hard, by a 6'4" suit. In addition to Security.

I played at a table with a guy that was able to sell at will for face value. He'd buy for $495 because he knows he can resell at face. I cannot, so I sell at a discount.

Quote

06-12-2017 , 07:27 AM

#548

TuscaloosaJohnny

adept

Join Date: Mar 2008 Posts: 996

Quote:

Originally Posted by pig4bill

Sounds like a lot of trouble for $5 profit a pop. So much could go wrong for that kind of profit margin.

Sent from my iPhone using Tapatalk

Quote

06-12-2017 , 01:09 PM

#549

AzOther1

veteran

Join Date: May 2011 Posts: 3,089

So, I'm looking at one of these $500 lammers (brag), nothing indicating 2017 on it. I assume (look out!) they will be different next year or are different from last year's (??)

I hate that they can't carry over year to year. Seems like a fairly simple accounting. Separate accounts for prize pool money in the STT, carry it over year to year, expect some loss of lammers, and carefully check for counterfeits.

Just MHO, of course.