we trade points for moeny and vice versa all the time zab,, here. at about 500 points per dollar now sometimes a little more depending..
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we trade points for moeny and vice versa all the time zab,, here. at about 500 points per dollar now sometimes a little more depending..
Great idea I will use it alot, and it will bring players who usually wouldn't play lock and juicy to the tourneys.
do longtime members get a better rate?lol
I like the green light list too, maybe one thing to go off of is the number of good ratings in market?
This is a great idea Zab. Cant wait til you get it up and going.
loving the ideas that come on this forum sounds gr8t to me points for cash
Will this be up soon?
would be great for all po members......every1 would love it if the rate is right
isnt 8$ worth 4000 points?
That sounds like a great idea zab. trading a little $$ for points to trade in for more freerolls,thats a chance to like you said sustain yourself forever!
Just thought of last night? You did this same thing a year and a half ago, are you getting old zab??? http://www.pokerowned.com/forums/f11...rbon-6781.html
Any way, definately think its a good idea, as you can't always find someone to trade with, though i assume you will be on low end so still will keep people looking for traders, but give them an option in a pinch.
i thought u m eant zab woild be on the higher end of the trading scale??? SO there woild still be room for us to trade with each other at a lower rate, than zab woild be too and .. th at leaves room for those of us who trade with people all the time too, and still keep that trading open. for us also....
I like the idea dont think I will ever utilize it but its good for those who want it. Myself personally if i won money through the donk fest freerolls on here I would rather keep my money then trade for pts and ask for more punishment lol
Its a really great ideia Zab, but i would only be able to say if its worthy seeing the rates.....O_o
i meant offering less than normal traders, ie, like his example, giving 400pts/dollar where you can usually find someone to give you 500/dollar. He can't offer more than 500/dollar, or he'd lose money, can't buy back for more then he is redeeming for, so don't think you have anything to worry about ricki, if anything, this will help smaller traders, as those with a big chunk to get rid of might want to just get it all at once thru zab instead of trying to make a bunch of deals, so the less people looking to trade poker funds for pts, the more value you will get from people looking to get poker funds. Thats my opinion anyway. Its all supply and demand
I think it's a great idea. First it works well just so that we don't wind up not playing in FRs because we ran out of points. It also has really good potential for me, because I could pull off small amounts of money off of these sites and get amazon gift cards. It would be like a mini withdrawal from the site without the us hassle of withdrawing.
@ zab are you suggesting that we would be able to use the site for this and it would be instant or would there be a wait??? if so, how long?
Why couldn't you come up with this idea before, I always trade for points and amazon
good idea sir.
The idea here is that the rates will be LOWER. I wont offer awesome rates.
I don't want to undercut or outbid the normal market. I'd rather have you guys trading amongst yourselves. It's a good secondary market you guys have going.
So if the going rate is 500 \ $1 I will offer like 400 or something. So people first try to trade with each other.
Capital idea a perfect way to get rid of unwanted lock money...
Would be good if Pokerstars was on the list too ...?
I would like to add a little something here...
This is definitely a GREAT idea.. BUT!
Some of us are actually trying to earn money here.. cash money to our paypal accounts per-say..
If people can freely trade points for poker money how will we ever cash off?
The poker sites won't cash us out.. The only reason we are able to cash off is due to the RARITY of the points...
If people can cash off into points so easily the points will devalue and there will be less incentive to PURCHASE points..
Maybe I haven't completely thought this through yet but I wanted to put it out there before this happens.
In short, it feels like points are more valuable than poker money as they are more liquid..
On another note, fix the dam client already!
when is it going to take effect is what i want to know?
Love the idea
The value of points is somewhat tied to demand, but seems to me to mainly reflect what you can redeem the points for such as amazon giftcards. Also, Zab will provide the exchange at a relatively poor rate so that people will still mainly exchange with each other first to get the best rate. His would only be a backup system that you would pay a higher rate to use.
that would be perfect for those who want to win without depositing! Do it Zab, you have my vote.
Well i think in-case this ever happens and the GREEN LIGHT list happens then also add the option for people that are new or don't do much chating and keep in background or whatever to (BUY) them-self a green-light list ticket.
HOW IT WORKS: they send you 5 or 10$ so they can always get points up to whatever amount they sent ....and if they decide they want the 10$ back they will be removed from the green light list
EXAMPLE:
In-case the purchase option onto the green-light list wont be added: NEW member signs up and sees this option now what the new member also sees is that some people can get the points before the transaction is verified and they are just told (well these are members the admin trusts) so this is what the new member think: uh ooh well what kind of site is this not all members are treated the same way by the ADMIN well i def don't wanna be here... so on so on. and if the ticket to the green-light list is just bought then its VERY simple they send 5 or 10$ get on the list and can have the points when they need em if in-case someone just leaves YOU lost nothing. If in-case someone wants the 10$ back they will be removed from the green-light list couldt be more easier
I see them wanting to trade all the time. This would be a well implemented idea furthering the demand for your site!
I am probably going to do this upgrade this week.
A couple notes here:
1) I don't want to ruin the secondary market for people. That is, people who always sell poker funds for points. I want YOUR rates to BEAT mine all the time. So if you are looking to sell, people will go to you first
2) It will likely be 350-400 points for $1.00 or someplace along those lines for a couple reasons. First, see above (secondary market).. Second, in many cases for those "trusted" users or green lit.. I will actually be giving you points before I even verify you sent me the funds. That is, if you say you sent me $10, I will instantly give you the points.
My initial thoughts are to have different 'trust' levels.
1- I must verify you sent the payment
2- You will get points up front before I verify up to $1.00
3- You will get points up front before I verify up to $5.00
4- You will get points up front before I verify up to $10.00
5- You will get points up front before I verify up to $25.00
The idea is, if you are in a pinch for points, you can get them instantly, no waiting..
This could also entice people to play at sites like Juicy or Lock who normally wouldn't. Think about it.. You play there for 90 points, you win $3.00. You instantly sell that back for 1000 - 1200 points. Win \ Win all the way around.
Anything else you can think of that I should add to this?
what is the limit if money I can sell to you for pts? like daily limits? weekly limits? monthly limits?
sounds like it will be very popular.....
I think it is a great idea. It will bring a lot of points to the site which will increase client play and llbs. Also I think it will decrease the amount of people in default because it will be easier to get points.
I would do this offer and quite a bit. I always looking to sell my poker funds.