Pokerstars VIP $285 cash question

[anatta]

I just spend 25000 points on what I assume is cash. I thought they would credit my account but its been a few minutes so I thought I'd ask do they do this or am I missing something?

[HedonismBot]

Purchase the VIP Reward Bonus from the VIP Store for 25,000 FPPs and we will credit $285 to your account once you have earned 1,995 Base FPPs.

Took literally 15 seonds to look up and paste

[anatta]

okay thanks man

[TheSalche]

Get the extra 1000 points and get the 80gb iPod and sell it for $300 on ebay

[darom03]

[ QUOTE ]
Get the extra 1000 points and get the 80gb iPod and sell it for $300 on ebay

[/ QUOTE ]

Why?

Or is it my sarcasm meter that's broken?

[Xcalibur]

I think he means use the 25,000fpp + 1,000 extra fpp and redeem an 80gig iPod to sell on ebay to get the $300 instead of purchasing a bonus that you need to work for.

[darom03]

[ QUOTE ]
I think he means use the 25,000fpp + 1,000 extra fpp and redeem an 80gig iPod to sell on ebay to get the $300 instead of purchasing a bonus that you need to work for.

[/ QUOTE ]

But you just have to play your normal game to remove the required bonus. You even get to keep the FPP's.

It just seems like a big fuss to earn an ekstra 20$.

[Sniper]

The more important question is, should you even bother with this bonus, if you know you are going to play enough to reach the next bonus level?

[TheProbst]

[ QUOTE ]
I think he means use the 25,000fpp + 1,000 extra fpp and redeem an 80gig iPod to sell on ebay to get the $300 instead of purchasing a bonus that you need to work for.

[/ QUOTE ]

Or buy the HDDVD player and sell it for $400.

[BigBiceps]

[ QUOTE ]
The more important question is, should you even bother with this bonus, if you know you are going to play enough to reach the next bonus level?

[/ QUOTE ]

Are you allowed to do both bonuses and in either order?

[Henry17]

You can do any number of them in any combination. Unless you are short on cash and need money now there is never any reason to do anything but the $1500 one.

[bballwiz]

you should just play the 5400 fpp satalites for a $215 seat. 4/10 get seats. You can play 4 of them for the price you paid for that bonus.

[Henry17]

That assumes they win all 4. Someone who is looking to take advantage of a $285 bonus is most likely not experienced enough to have that kind of win rate.

Then you need to calculate what the expected value of playing the $215 tournament is for someone of this level of experience.

Plus also since he is asking about $285 bonuses we have to assume he can't afford to buy bigger bonuses. As such he will be unable to repeat this. As a one off shot there is no way to get around the large variance in MTTs.

[acbarone]

[ QUOTE ]
You can do any number of them in any combination. Unless you are short on cash and need money now there is never any reason to do anything but the $1500 one.

[/ QUOTE ]

I started playing on Stars in early June and have only accumulated 27k FPPs for "the calendar year." I doubt I'll be able to reach 100k by January, but I might be able to get to Platinum Star.

[markuisis]

ya

[sixers030409]

[ QUOTE ]
That assumes they win all 4. Someone who is looking to take advantage of a $285 bonus is most likely not experienced enough to have that kind of win rate.

Then you need to calculate what the expected value of playing the $215 tournament is for someone of this level of experience.

Plus also since he is asking about $285 bonuses we have to assume he can't afford to buy bigger bonuses. As such he will be unable to repeat this. As a one off shot there is no way to get around the large variance in MTTs.

[/ QUOTE ]

he doesnt have to win all 4. if he wins just 1 outta 4 he makes 215$. and he can unregister from the sunday million and get tourney dollars which can be sold for like 99% value.

[Henry17]

If he only wins 1 out for he is getting 0.00995/point if he sold it at 100% value. That is less then the 0.0114 he'd get with the $285 bonus. For the tournament route to be worth it he'd need to win about 35% of the time when you factor in opportunity loss from the time and also the 1-3% loss selling $T

[gir]

Probably not the exact right place to ask this, but I'm wondering if there are any benefits to signing up a specific way on pokerstars. For example, my friend is already a member, will it benefit him if I a) ... ? I'm not looking for sign-up bonuses because we're making a trade for money from one site to another. Any help would be appreciated (either here or pm).

[BigPoppa]

If you are going to hit Platinum VIP, you should never buy this bonus. The bonus available at Platinum level gives you more $$$ for your VIPs.



gir,
You can sign up through sites like Boogster or PSO and get free stuff or cash for signing up through them.

[freecard4all]

LOL @ all these people that say "wait ... months for ... ".

Did you ever hear of Keynes? Although he was a commie he said something very interesting: long term we all die (sorry for re-translation errors).

That means $100 today is much more than $100 after 10 years. And as a poker player point of view: it's getting worse and worse.

I guess $100 today has for me the same value as $1.000 after a year.

[Henry17]

While I agree in general with that I think unless you live in Zimbabwe there is no way $100 now is worth $1000 in a year.

The wait is a factor of how much someone plays so it is hard to judge. I do 100k in under 20 days but even for someone who does it in 3-4 months unless they are completely dirt poor broke it is not worth losing 24% to get the funds now.

[BigPoppa]

[ QUOTE ]
I guess $100 today has for me the same value as $1.000 after a year.

[/ QUOTE ]

That's utterly ridiculous.

[Henry17]

$100 today is worth about $103-110 in a year.

The only way it could be worth $1000 in a year is if someone lives in a country with hyper inflation, if someone was in some kind of jam where they were going to suffer harm unless they came up with money fast or if someone was completely penniless and broke.

[Greg Miller]

[ QUOTE ]
For the tournament route to be worth it he'd need to win about 35% of the time when you factor in opportunity loss from the time and also the 1-3% loss selling $T

[/ QUOTE ]

In other words, it depends on how far below average (for these satellites) the player in question is. It's certainly going to be +EV to choose the satellites for a large number of players, albeit with huge variance.

[freecard4all]

[ QUOTE ]
$100 today is worth about $103-110 in a year

[/ QUOTE ]
ok then. borrow me $100 and I'll give you $110 after a year.
See the problem? I don't talk about money you have thus you cannot use inflation.

The problems with poker money is
1) I can broke and wont be able to pay it
2) I can move up stakes and earn more per dollar than right now (that's called leverage).

[freecard4all]

[ QUOTE ]
[ QUOTE ]
I guess $100 today has for me the same value as $1.000 after a year.

[/ QUOTE ]
That's utterly ridiculous.

[/ QUOTE ]
ok maybe exaggerated.

But if I could give $1000 to someone who would give me $250 a year ago I would do it without hesitation. Because now I would have more than that $1000.

The problems with the theories about inflation is no-one will lend me money for inflation rate. In fact no-one will lend anybody money for poker.

//edit: ok, maybe they would with a covenant that you will either pay or swim with cement boots /images/graemlins/grin.gif

[Henry17]

The problem with lending you money is that anyone who has read these posts would have to assume you are an awful credit risk.

[BigPoppa]

[ QUOTE ]
ok then. borrow me $100 and I'll give you $110 after a year.
See the problem? I don't talk about money you have thus you cannot use inflation.


[/ QUOTE ]

The only problem I see is you paying me back.
I'd have absolutely no problem with loaning money at 10% if the investment were safe.
I'm getting something like 5.5% right now.

[Henry17]

There is also the transaction costs to consider. 10% is a good rate of return but on $100 it wouldn't be worth the effort.

But this guy reminds me of all the delusional people on prosper.com. The claim that someone can generate 400%+ return on money yet needs to borrow money makes no sense to anyone who is not delusional or crazy.

[freecard4all]

HA HA HA of course I'm NOT able to give anyone 100% on safe investment. I wouldn't pay back the depth if I got broke! That's the point of the "price of money". That's the point of the "cement clause missing" /images/graemlins/grin.gif /images/graemlins/grin.gif /images/graemlins/grin.gif

I still don't think you get the point. The OP wants $285 because no-one will lend him that. You have risk investment opportunities with 1.000% interest rate but with 50% chance of losing whole investment. Do you invest? It's a good investment. Now what's the price of the money. If you don't want to calculate yourself: the price is 500% because that's the EV of that investment.


BTW. I made several hundred % last year on poker investments. That being said I started from very low level.

Will I repeat it? I don't think so. But if I had $100 more a year ago I would have now more than $1000 more.

Get it? Price of money depends on real rate (EV) you can get. If he's going to crush the 200/400 game he needs to get there ASAP.

[Henry17]

I really don't think you understand game theory or you might simply be delusional.

[freecard4all]

I really do think you just wanted to make an "intellectual" post.
I understand "game theory" because it was part of my exams. Read HERE (http://en.wikipedia.org/wiki/Game_theory) what it is - it's about interactions and has nothing to do with money management.

[Henry17]

Taking an exam in something in no way means you understand it.

[freecard4all]

what about "passing an exam"?

At least I know what it's all about /images/graemlins/cool.gif /images/graemlins/tongue.gif /images/graemlins/cool.gif

[Henry17]

No. That just means your school has low standards.

[freecard4all]

ha ha ha. So tell as your school. My guess: Harvard?

maybe of zimbabwe /images/graemlins/cool.gif

[Henry17]

Sorry I don't give out personal information on the internet. Sufficient it say it was a school where people who believe they can constantly generate 1000% yearly returns would be laughed at.

[freecard4all]

[ QUOTE ]
Sorry I don't give out personal information on the internet. Sufficient it say it was a school where people who believe they can constantly generate 1000% yearly returns would be laughed at.

[/ QUOTE ]
so they taught you some basic math. Congrat. Maybe they forgot that "reading" is important as well. /images/graemlins/tongue.gif
I've never said such a nonsense.


BTW. Bill Gates was making more %s yearly for several years. Al Capone, Rockeffeler and few other monopolists as well.
Maybe your school also forgot to add a little bit of history /images/graemlins/cool.gif