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#1
01-30-08, 10:53 AM
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Want to laugh?
There is this poker buddy of mine who is looking to purchase PS play chips. He's asked for my help.
How many....you ask? 90 MILLION chips! I'm serious. Honest to God, he needs 90 million chips!!! So, I mass message poker players / racers / guts players and what not ....asking them if they have chips for sale. I received their response moments later, saying they do have chips but they'd rather keep them to play with, instead of selling them.  Well I chose the money. Sold most of what I had and made some good $.  Notice to all members: **If anyone has any chips they would like to get rid of, please let me know. You can make some $$ too. ** 
Last edited by bunny; 01-30-08 at 10:59 AM. |
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#3
01-30-08, 11:21 AM
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- means *why* in English. Is that what you meant to say? If so...why what?
 Edit: unless you meant *pourquoi-pas* as in *why not* ? If you do have any to sell, message me please and we'll begin the transaction. Last edited by bunny; 01-30-08 at 11:32 AM. |
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#5
01-30-08, 11:33 AM
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I'm right along there with Mayhem... I don't understand the demand for play chips that people are willing to pay real money for them. I know you've looked into starting some type of exchange business Bunny so hopefully you can shed some light on this subject. What's the point of paying real money for play chips? (sorry to pseudo-threadjack)
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#7
01-30-08, 11:57 AM
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Plain and simple? It's a business, like any other business. If there's a demand for that product, why not sell it? Some buy low (which is the reason they *pay real money for play chips*) and sell high.
There is a high demand for buying/selling Pokerstars play chips. That's a fact! Check out Ebay...you'll be amazed at what people are willing to pay for these chips. It's crazy, but there is real money to be made and that is probably the main and most important reason. One thing I forgot to mention in my OP is that this person wanting to purchase chips did NOT want to spend over $10. The going rate right now is $12. So players won't sell below the going rate, seems $2 is a huge difference for them, especially if they've purchased them at that price or at $10. They're seeking to make a profit, as in any business. As for me, if I could get $10 per mill ....I'm happy. Since I didn't pay any $ for those *fake*chips. **There are also those players who don't care for the money and will spend solely for enjoyment purposes. Here's the ebay link to people sellling play chips on that site: Tried to respond to your question as best I could. Hopefully you understand the reasoning behind the buy/sell process a little better? Last edited by bunny; 01-30-08 at 12:02 PM. |
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#10
01-30-08, 12:08 PM
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I understand that there's obviously a demand. Sorry my question didn't come through better. Let's try again:
What is it that creates this demand? Why are people wanting/willing to pay money for play chips? I can at least understand the market for this sort of thing with MMORPGs like World of Warcraft as players there can't use real world money to buy items and don't want to put in the time to build up their gold/silver/etc. But with play money on sites like Stars where's the payback? Playing poker for play chips seems, at least to me, the same whether your playing for 25/50 blinds or 2500/5000.... |
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#11
01-30-08, 12:12 PM
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In order to sell them for a higher price, RD. I'd like to point out that if you've never sat down at a table to race or play guts etc....You haven't experienced the fun and enjoyment of those games (or the RUSH), so you can't really understand why people would go to such lengths as to pay for chips. It's a gathering of friends having a good time and enjoying themselves while chatting, making jokes and having fun....without costing them a $ buyin or worrying about how on tilt they are in the $ games. |
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#12
01-30-08, 12:18 PM
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Hopefully, I've answered your question above (the post in response to RD's question). If not...I don't know how much clearer I can say it....
There's a certain *rush*.... to racing/ guts/ rage games. It's exciting and fun. Something you can't get while at the $ tables when you're concentrating on making money and not losing your BR. |
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#13
01-30-08, 12:40 PM
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Well that makes sense to a certain degree - depending on the amount of chips that people are playing for. If we're talking a million or more chips each at a time, why not just sit down at a $0.01/$0.02 table and do the same thing for $2 at a time? Doesn't it really equate to the same thing? Or does having 10 million chips in the pot have some type of psychological edge over $2 because of the word million?
Don't get me wrong or misunderstand me - I'm not hacking on it, I just simply don't understand it. |
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#15
01-30-08, 01:53 PM
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I don't get it either, and doubt I ever will, but I appreciate bunny's attempt at an explanation.
Of course I understand the business side of it - buying with the intent of selling at a higher price later. But what in the world is the catalyst that is expected to drive prices up? When the Fed Cuts interest rates in about an hour? LOL.... Better yet, what caused the F$1 million (F$ = Fake $) to equate to $10 in the first place? I mean, I know it's supply and demand, but it's just strange to see something that has an unlimited FREE Supply generate any kind of demand, yet people have apparently valued the 1000 play chips every account starts with at one penny. Meh, I guess it's a logical starting point, but it certainly doesn't seem worth the time.trouble of trying to turn that penny into $10. My God, that's going to take a LOT longer than going to work an hour or two ANYWHERE to earn better pay, right? Like the others, what I really don't understand is the need to have lots and lots of these play chips. Are there high Stakes F$ games going on that some people can't get into because they don't have enough F$, and they just can't live without chatting with the players shoving all in every hand at the absolute highest F$ levels, so they are willing to pay real money to do so? It seems to me this need for F$ (and my apologies if there is an existing, more accepted abbreviation) has more to do with the need for some sort of pseudo-social acceptance than anything else. Capitalizing on this strange need - hey, go for it. But I would love to chat with a person who actually pay $10 (ten REAL life dollars) for F$1 million with the intent to USE (not resell) them. That's the person I want to ask "Why?????" |
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#18
01-30-08, 06:20 PM
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im just glad selling playchips is around or id still be broke.
__________________
"Suffer the pain of discipline or suffer the pain of regret" "Rome wasn't built in a day" |
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#19
01-31-08, 01:25 AM
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I have a friend that plays Final Fantasy XI online and spends about fifty bucks per million in "play money", so ten bucks isn't that bad of a deal, if you don't mind buying fake money.
Where would one sell play chips on FT? got about 490k
__________________
FULL TILT = mreaton POKERSTARS= mreaton77 |
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#20
01-31-08, 01:38 AM
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a while back PS and other sites started recognizing players with the highest amount of play chips.... not sure if it is something they made permanent, but at the time they gave the number one guy something like $100 and PS gear....
some sites will trade in play chips for real money themselves, im think bugsys club does this, but im not sure |
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