Pachinko - the model of online poker\'s future!
 

Pachinko

Gambling is illegal in Japan. However, there is a game called pachinko in which a player buys balls to play with in a slot machine type device that does not accept money because it is not legal to bet and get paid in money in Japan. However, he can exchange these balls for merchandise. Perhaps this is how online poker would work if sending and receiving money thru banks becomes impossible because of legislation that would prevent them from doing so.

The player buys virtual "tickets" that he can use as a buy-in for a tourney. Then he gets paid with tickets that are exchangeable for goods at certain authorized websites that accept these tickets as payments to buy books, gold, bonds, stocks, cars, radios, etc.

This way the players never have to send and receive cash. They just play with tickets the way kids in Circus Circus get tickets to trade into stuffed animals.

Re: Pachinko - the model of online poker\'s future!
 

Why do you think people haven't taken advantage of this loophole to establish B&M casinos throughout the U.S.? It's because it wouldn't work. For whatever reason, Japan winks at pachinko. If a bunch of moralistic politicians wish to ban gambling, they're not going to allow wink-wink nudge-nudge stuff like this, anymore than you'll be able to convince a judge that you and the prositute had sex for free, and the $300 you gave her was an independent gift, unrelated to the sex act.

Re: Pachinko - the model of online poker\'s future!
 

after 8 hours at your local casino you proudly head to the cage with your massive 167 ball profit. after some deep deliberation you decide to go for the oversized teddybear and a couple of dvd movies and proudly head home to show your massive win to the Mrs.

Re: Pachinko - the model of online poker\'s future!
 

He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.

http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.

http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

[/ QUOTE ]
LMAO

Re: Pachinko - the model of online poker\'s future!
 

bwahahahaha amazing

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.

http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

[/ QUOTE ]
nice frickin hand! LMAO

Re: Pachinko - the model of online poker\'s future!
 

This is not true. Every pachinko house has a place right outside the parlor where you can trade your prize tickets in for cash. Also, everybody knows about this and nothing is done. Why? Loads and loads of bribes.
Also, the payout on these machines is like 60-70%. Why do people play? Because there are no other gambling options and Japs are huge fish who love to gamble.

Re: Pachinko - the model of online poker\'s future!
 

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awesome post

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You are my hero

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.

http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

[/ QUOTE ]
I'm not sure I really "get" this per se, but it's hilarious.

Re: Pachinko - the model of online poker\'s future!
 

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I'm not sure I really "get" this per se, but it's hilarious.

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The basic premise is that according to OP's grand vision, online poker will survive, albeit with a different form of currency.

You can substitute DVDs, teddy bears, or houses(obv) for Vienna Sausage if you wish.

Re: Pachinko - the model of online poker\'s future!
 

mhmmm i'm hungry

Re: Pachinko - the model of online poker\'s future!
 

saw something on the Travel Channel about Pachinko, and there are def. loop holes in the legislation to allow things like this.

One thing you didnt mention, is that at these Pachinco "parlors" u can exchange ur balls for Gold coins. These coins are worth almost nothing, but when you walk across the street from these parlors, there are little holes in the wall that will take your gold coins and exchange them for cash. Hello future of online poker.

Re: Pachinko - the model of online poker\'s future!
 

Magic the Gathering Online is a very good example

Re: Pachinko - the model of online poker\'s future!
 

that's what i was about to mention, MTGO. you buy tickets (and/or boosters) from their site,pay tourment fee using them, and receive boosters as prize, which you can then sell for tickets and/or for $ on paypal, ebay. . .

the point is that it's a game of chance, and skill, just like poker, and it's legal, as long as it stays away from cash.

Re: Pachinko - the model of online poker\'s future!
 

Tickets won't pay my bills.

Re: Pachinko - the model of online poker\'s future!
 

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Tickets won't pay my bills.

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They buy them back, obv.

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.

http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

[/ QUOTE ]

LOL!!! I haven't laughed this hard all day. You are my hero. Thanks man [img]/images/graemlins/smile.gif[/img]

Re: Pachinko - the model of online poker\'s future!
 

that is one of the funniest posts i've ever seen. good work.

Re: Pachinko - the model of online poker\'s future!
 

Great post. Cracked me up. And it would have had an artistic touch if you could use Warhol's Campbell soup cans.

http://www.thelondonseason.com/images/Warhol3.jpg

Re: Pachinko - the model of online poker\'s future!
 

Pachinko has created a well structured money launding mechanism in se asia...i really don't want to see online poker go that way.

http://www.ffhsj.com/bancmail/21starch/960701.htm
http://catless.ncl.ac.uk/Risks/18.15.html#subj2

Re: Pachinko - the model of online poker\'s future!
 

The last time I played pachinko (about 6-7 years ago) you went up to the counter in the pachinko place with your ticket from the pinball counter, and they'd give you some little token "prizes" like 3 green pens and a lighter. You'd then take your prizes to a mysterious hole in the wall around the corner from the pachinko place where a pair of hands would exchange your fabulous pens and lighter for 35,000 yen in cold hard cash.

Re: Pachinko - the model of online poker\'s future!
 

Re: Pachinko - the model of online poker\'s future!
 

Forget the Vienna Sausages (great post, though!) - just have every site use "play money", and have other completely unaffiliated sites (wink, wink) that buy your play money from you for cash. The problems with this are: a) does this really get around the law?, and b) will very many fish want to jump through all those hoops?. I'd say the answers are probably yes and probably no.

Crucial Bump
 

I hope I don't get my fourth * for bumping this thread but I think it's justified. The more I think about it the more I'm convinced that this is the ideal model. But instead of trading in virtual dollars with pens and tiny souvenir stuff like stickers and candy as they do with pachinko, the virtual money could be traded in for German bonds, gold deposit certificates in Swiss banks, Swiss anuities, stocks in French blue chip companies, Bermuda hedge fund shares, etc.

To deposit: Buy units of virtual "play money" from a designated non-gambling site. Use the "play money" to play at a poker site. Technically, you would be playing with "play money" which cannot be used as legal tender.

To withdraw: Cash out "play money" units from the site and trade it in for German bonds, Swiss anuities, etc. Then sell it thru a designated broker for cash.

I don't know what the legalities of this would be. I am not a lawyer. I don't think this should be done if it is not legal. This should only be done if it is legal. I wouldn't support it if it were illegal.

Comments?

Re: Pachinko - the model of online poker\'s future!
 

omg that's hilarious

Re: Crucial Bump
 

Very doubtful this would work.

Anyone play with cold hard cash online???

They have these things called "chips". It seems we already use this model in B&M. Only difference is online its virtual chips.

Re: Crucial Bump
 

I doubt it would work too, but there's a crucial differnce: casino chips, whether physical or virtual, have a discernable cash value. They are, in effect, as good as cash (as long as the issuer honors them, which they are contractually obligated to do). If I understand the Pachinko example correctly, the "redemption" booth is under no legal obligation to redeem your prizes, but they will because they want people to keep gambling.

It does sound a lot like splitting hairs, and maybe it holds no legal water at all, who knows? It does remind me of the site "Second Life", that issues "Linden Dollars". The LD have no legal cash value, yet there's an exchange rate and you can exchange them for cash. The "no legal value" clause in the TOS is undoubtedly used to get around securities and gambling laws, yet you can make real money on the site. Maybe poker sites could come up with the same sort of arrangement. Or maybe not. I guess it's in the lawyers' hands now. God help us.

Re: Pachinko - the model of online poker\'s future!
 

omg this is great.

We could expand on this idea and make gambling legal everywhere. Instead of balls we could use these.

http://www.vegaspokerpro.com/picts/chips4.jpg

brilliant!

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
He check raised me 4 vienna sausages...so I put him to a decision for all of his vienna sausages.

He called I had the nuts, SHIP IT.


http://img146.imageshack.us/img146/2834/pachinkocx3.jpg

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Knives, people like you keep the internet from being unbearable.

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
after 8 hours at your local casino you proudly head to the cage with your massive 167 ball profit. after some deep deliberation you decide to go for the oversized teddybear and a couple of dvd movies and proudly head home to show your massive win to the Mrs.

[/ QUOTE ]

My girlfriend is allergic to stuffed animals, so I would probably go for some cutlery.

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
Great post. Cracked me up. And it would have had an artistic touch if you could use Warhol's Campbell soup cans.

http://www.thelondonseason.com/images/Warhol3.jpg

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Yeah, but, "So I put him to a decision for all his Campbell's soup." Just doesn't have the same ring to it.

Re: Pachinko - the model of online poker\'s future!
 

[ QUOTE ]
omg this is great.

We could expand on this idea and make gambling legal everywhere. Instead of balls we could use these.


http://www.vegaspokerpro.com/picts/chips4.jpg

brilliant!

[/ QUOTE ]

LMFAO