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Marketplace for trading Tournament Money (T$)

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Defrag   Poland. Jun 10 2011 18:26. Posts 3209

What are T$?

Basically, T$ is Poker Tournament Money (T$, T):
"We (PokerStars) offer our players a Tournament Money (T-Money) system. With rare exceptions, if you win a seat to any event via one of our satellite tournaments, you can choose to unregister and receive T-Money instead. T-Money can then be used to register for other PokerStars tournaments, including Sit & Gos, special events, and satellites. In some cases, T-Money can be used by VIPs to buy into live events. Please check the information pages for our Live Events for details."
Source of explanation: http://www.pokerstars.com/poker/tournaments/about/

How can I trade them with people for regular money?

Pokerstars has implemented a T$ trade system in their client - from the lobby simply go to Requests menu -> Trade Tournament Money -> Sell or buy.
Enter the details of the person you're trading with, and when your trading partner fills in the exact same details on the reverse side of the transfer, Pokerstars will automatically make the swap for you.

Why would I want to do this type of transaction?

Players who won entries to tournaments through satellites and accumulate T$ through deciding to unregister from the tournaments they won satellites to may decide it's in their best interests to do something else with the money, such as play cashgames or cash it out. In order to do that they have to sell their T$ (which can only be used for pokerstars tournaments) for regular money to players looking to buy T$.

Players looking to register in real money tournaments may decide it's in their interest to buy some T$ to buy into them instead of buying in directly with regular money, as the market value of T$ is currently at about 99% of the money value they represent, i.e. approx 99 cents of real money for T$1. This way players looking to play tournaments can register for a small discount.

But LiquidPoker already has a facility where I can sell my T$

LiquidPoker run a tournament money trading service ( click here ) that you can sell your $T to for real money conveniently and instantly. It is recommended you use this service if you value the convenience of not having to find buyers on this forum.

However, by selling to liquidpoker you will receive a return of 97 cents of real money for every tournament dollar you sell (97%), whereas the current market value of $T seems to be around 99% depending on the amount you're trying to sell (with better deals for the seller being usual for bigger bulk transfers). This means that if you are happy to take the extra time to find a buyer for your $T from the poker community through use of this forum thread, then you likely stand to receive a better return on your money.

Sounds good, anything else I need to know?

If you have no luck here, there is a similar community thread on twoplustwo here where you can also seek buyers and sellers. Failing this it's worth mentioning again that if you're looking to sell and want the convenience of an instant trade, liquidpoker offers it's own automated service here.

All transactions done between forum members are private agreements; LiquidPoker and its staff doesn't take any responsibility for agreements made between users and the proceedings of transfers.

 Last edit: 10/06/2011 18:29

whamm!   Albania. Jun 10 2011 20:58. Posts 10106

great news

Nobody just leaves LP - bigredhoss 

LemOn[5thF]   Czech Republic. Jun 11 2011 02:59. Posts 13560

I'll sell $160 for $158 any takers? Can do lower amount.

My strategy thread: http://www.pokerstrategy.com/forum/thread.php?postid=1680671#post1680671 

Ket    United Kingdom. Jun 11 2011 15:52. Posts 8635

k dont really need t$ but cant hurt, might as well get the thread rolling anyway. initiate with 'born2dogbaby'


LemOn[5thF]   Czech Republic. Jun 16 2011 17:39. Posts 13560

Great got my money for 99%

My strategy thread: http://www.pokerstrategy.com/forum/thread.php?postid=1680671#post1680671 

LemOn[5thF]   Czech Republic. Aug 01 2011 10:02. Posts 13560

Guys I need help once again. Selling T$100.82 for $100

My strategy thread: http://www.pokerstrategy.com/forum/thread.php?postid=1680671#post1680671 

n1ck   Bulgaria. Aug 01 2011 11:16. Posts 300

i'll do it

send request to GoQuake

edit: initiated with DoC.LemOn (that's ur PS handle right?)

The cruelest dream, reality.Last edit: 01/08/2011 11:33

morph1   Sierra Leone. Aug 01 2011 11:42. Posts 2324

sold

Always Look On The Bright Side of LifeLast edit: 01/08/2011 12:20

LemOn[5thF]   Czech Republic. Aug 04 2011 17:36. Posts 13560

EDIT: nvm, I will just play donkaments ;p

My strategy thread: http://www.pokerstrategy.com/forum/thread.php?postid=1680671#post1680671Last edit: 04/08/2011 18:00

n1ck   Bulgaria. Aug 15 2011 07:15. Posts 300

I'm selling T$52.88 for $52.00

anyone?

The cruelest dream, reality. 

Fujikura   United States. Mar 27 2012 16:52. Posts 1785

Guess we should be using this thread more, thanks Ket!

aka SouL)Z(Isadie and SouL)P(Fujikura 

Ket    United Kingdom. Mar 27 2012 17:38. Posts 8635


player999   Brasil. Mar 27 2012 19:19. Posts 7946

if anyone would want to sell 5k or more I'd take it @ 99.5%

Browsing through your hand histories makes me wonder that you might not be aware these games are possibly play money. Have you ever tried to cash out? - Kapol 

Ket    United Kingdom. Mar 27 2012 19:28. Posts 8635

^ why only 5k or more? if youre on this site a lot and you're a mtt/sng reg it costs you literally nothing to do people what to them is an awesome favour. if i played tournaments i'd buy T$ from ppl for 100%.


player999   Brasil. Mar 28 2012 04:43. Posts 7946

yeah, you're right

Browsing through your hand histories makes me wonder that you might not be aware these games are possibly play money. Have you ever tried to cash out? - Kapol 

daysare   Poland. Mar 29 2012 21:15. Posts 670


  On March 27 2012 19:28 Ket wrote:
^ why only 5k or more? if youre on this site a lot and you're a mtt/sng reg it costs you literally nothing to do people what to them is an awesome favour. if i played tournaments i'd buy T$ from ppl for 100%.



Your cost is losing liquidity of your funds so I guess 0.5% is pretty fair price.

I can also buy a couple k so PM me if you want.


SoC   United Kingdom. Apr 28 2012 11:38. Posts 996

Selling T$130.74

 Last edit: 28/04/2012 12:56

Target-x17   Canada. Apr 28 2012 17:19. Posts 1025

ill buy

f u bw rock 

SoC   United Kingdom. Apr 28 2012 18:25. Posts 996


  On April 28 2012 17:19 Target-x17 wrote:
ill buy



Got $100.54 now, what price? Send a request - stee0731

 Last edit: 28/04/2012 18:25

Ket    United Kingdom. Apr 28 2012 18:56. Posts 8635


  On April 28 2012 18:25 SoC wrote:
Show nested quote +



Got $100.54 now, what price? Send a request - stee0731

i'll buy it for $100.54 real dollars.. initiate with born2dogbaby


 
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