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Selling T$?

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  1. natorwag natorwag is offline

    Posts: 91
    Joined: Dec 05

    Jan 27th, 2006 (1/27/2006 12:19am)

    No offense to Nat, who seems like a good kid; he has created a fantastic db.<SPAN> </SPAN>This PSDollars business, however, should answer for its PS tournament dollars exchange rate…

    PSDollars offers a 90% exchange rate for tournament dollars (“T$”).<SPAN> </SPAN>In other words, if you satellite into the pokerstars $530 buy-in tournament, you can sell your seat to PSdollars for $477.

    If you were to play a friend HU SNG for $500, the rake per player would be $20.<SPAN> </SPAN>Your friend dumps the SNG to you, and you transfer his buy-in back to him.<SPAN> </SPAN>You have now monetized your T$.<SPAN> </SPAN>T$530 is now real money $490, $13 more than PSdollars’ offer.<SPAN> </SPAN>You also have T$10 remaining.

    To summarize, your options are:
    1) Sell your seat to Nat for $477, or
    <SPAN>2) Monetize your seat with a friend, for $490 + T$10</SPAN>
  2. chontu chontu is offline

    Posts: 155
    Joined: Oct 05

    Jan 27th, 2006 (1/27/2006 12:35am) in reply to natorwag

    cashmanbrian has better rates i guess.
    cashmanbrian= 215T SELLS FOR $205
    PS DOLLARS = 215T SELLS FOR $193
    BIG DIFFERENCE CLEARLY I WUD GO FOR CASHMANBRIAN FOR SURE .
  3. N 82 50 24 N 82 50 24 is offline herp derp derp

    Philadelphia, PA
    United States

    Posts: 8,601
    Joined: Jun 05

    Jan 27th, 2006 (1/27/2006 1:06am) in reply to natorwag

    No one is forced to sell to PSDollars.
     
  4. chontu chontu is offline

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    Joined: Oct 05

    Jan 27th, 2006 (1/27/2006 1:11am) in reply to natorwag

    you cud have saved some space on this post.
  5. AceRunner AceRunner is offline

    Thailand

    Posts: 3,722
    Joined: Nov 05

    Jan 27th, 2006 (1/27/2006 1:20am) in reply to chontu

    have fun dumping to save like $10. Sure thats a great idea.
  6. natorwag natorwag is offline

    Posts: 91
    Joined: Dec 05

    Jan 27th, 2006 (1/27/2006 1:24am) in reply to AceRunner

    Not "like $10." More like $23. And this is in a heads-up sit & go format; you are not breaking any rules by doing this.
    Thread Starter
  7. Aggiedoc Aggiedoc is offline

    College Station, TX
    United States

    Posts: 48
    Joined: Oct 05

    Jan 27th, 2006 (1/27/2006 1:31am) in reply to natorwag

    www.sellyourseat.com

    $530 seat sells for $505

    better deal, but why sell it...just play!!!!

    If you cant turn T$530 into at least $530 in SNG's then you have bigger problems than exchange rates

    -AGG
  8. natorwag natorwag is offline

    Posts: 91
    Joined: Dec 05

    Jan 27th, 2006 (1/27/2006 1:42am) in reply to Aggiedoc

    I play mostly cash games and have little current need for over $1K in T$. Thanks for the link, though.
    Thread Starter
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