The Play Chip Challenge
 

Hello Folks,
I am starting out with 1k play chips on Pstars and when I have 1mill I will sell these chips. When I get the 10$ I am going to start out at .2/.5 Omaha hi/lo and from there gradually work my way up to $5/$10 omaha hi/lo and will set my goal at obtaining 2k
I've gone up to $5/$10 from a $12 dollar stake and at the highest point ended up with $1500, but I think this is far more interesting. Also, at the time I had a place, and now I'm homeless and couchsurfing. So I think this adds much more interesting elements to the game. I know Ferguson was doing something like this with no money, but he is rich and I am poor. I'm posting here more as a documentation to myself and a couple buddies more than anything. My username on stars is the pathofblood
I doubt it will be very interesting the first 4 or 5 days of the challenge though. Ok, GL to all,
H-Train

Re: The Play Chip Challenge
 

get a real job

Re: The Play Chip Challenge
 

[ QUOTE ]
get a real job

[/ QUOTE ]

srsly

Re: The Play Chip Challenge
 

Who's buying play chips?

Re: The Play Chip Challenge
 

[ QUOTE ]
When I get the 10$ I am going to start out at .2/.5 Omaha hi/lo

[/ QUOTE ]

HAHAHAHAHHA

That is all.

Re: The Play Chip Challenge
 

SEriously, OP is a bum. Get a job

Re: The Play Chip Challenge
 

Hey guys,
Thanks for the comments:)
I'll have to respectfully pass on the job right now. But when I'm done with the challenge I'll definitely check this job thing out. Cheers, and GL to you all and have fun!:)
H-Train

Re: The Play Chip Challenge
 

[ QUOTE ]
My username on stars is the pathofblood

[/ QUOTE ]

Couldn't help but do a quick search on stars, sounds like he's spinning it up and failing:

PokerStars Game #12822687348: Tournament #65071731, 80000+1000 Omaha Hi/Lo No Limit - Level IV (50/100) - 2007/10/24 - 16:45:51 (ET)
Table '65071731 1' 9-max Seat #8 is the button
Seat 1: trdhead (1608 in chips)
Seat 3: mrtibby2001 (1437 in chips)
Seat 4: djreuter (3367 in chips)
Seat 5: skagit_us (1288 in chips)
Seat 6: pathofblood (1214 in chips)
Seat 8: BtL27 (1816 in chips)
Seat 9: Burger Bill (2770 in chips)
Burger Bill: posts small blind 50
trdhead: posts big blind 100
*** HOLE CARDS ***
mrtibby2001: folds
djreuter: folds
skagit_us: folds
pathofblood: raises 1114 to 1214 and is all-in
BtL27: calls 1214
Burger Bill: folds
trdhead: folds
*** FLOP *** [3d Tc 3c]
*** TURN *** [3d Tc 3c] [Ks]
*** RIVER *** [3d Tc 3c Ks] [5c]
*** SHOW DOWN ***
pathofblood: shows [2s 2h Jd As] (HI: two pair, Threes and Deuces)
BtL27: shows [4d Kc Ah Qs] (HI: two pair, Kings and Threes)
BtL27 collected 2578 from pot
No low hand qualified
BtL27 said, "come on"
*** SUMMARY ***
Total pot 2578 | Rake 0
Board [3d Tc 3c Ks 5c]
Seat 1: trdhead (big blind) folded before Flop
Seat 3: mrtibby2001 folded before Flop (didn't bet)
Seat 4: djreuter folded before Flop (didn't bet)
Seat 5: skagit_us folded before Flop (didn't bet)
Seat 6: pathofblood showed [2s 2h Jd As] and lost with HI: two pair, Threes and Deuces
Seat 8: BtL27 (button) showed [4d Kc Ah Qs] and won (2578) with HI: two pair, Kings and Threes
Seat 9: Burger Bill (small blind) folded before Flop

Re: The Play Chip Challenge
 

[ QUOTE ]
80000+1000 Omaha Hi/Lo No Limit

[/ QUOTE ]

They rake play money tournaments?!? What do they do with all the play chips collected as entry fees?

[img]/images/graemlins/confused.gif[/img]

Re: The Play Chip Challenge
 

[ QUOTE ]
[ QUOTE ]
80000+1000 Omaha Hi/Lo No Limit

[/ QUOTE ]

They rake play money tournaments?!? What do they do with all the play chips collected as entry fees?

[img]/images/graemlins/confused.gif[/img]

[/ QUOTE ]

stars sells them for real $$$

Re: The Play Chip Challenge
 

[ QUOTE ]
[ QUOTE ]
80000+1000 Omaha Hi/Lo No Limit

[/ QUOTE ]

They rake play money tournaments?!? What do they do with all the play chips collected as entry fees?

[img]/images/graemlins/confused.gif[/img]

[/ QUOTE ]

Recycle them.

You think if they didn't take rake and every person just reloaded 1000 chips that people would still buy them? There would be trillions of play chips out there if thats so.

Re: The Play Chip Challenge
 

Hey,
Actually not doing quite that bad. Was up to about 400k but just bubbled in a 80k 3table and in another omaha80k. I'll post when I reach the million mark. Cheers...gl!
H-Train

Re: The Play Chip Challenge
 

[ QUOTE ]
Hey,
Actually not doing quite that bad. Was up to about 400k but just bubbled in a 80k 3table and in another omaha80k. I'll post when I reach the million mark. Cheers...gl!
H-Train

[/ QUOTE ]

no dont

Re: The Play Chip Challenge
 

I know people buy play chips, but why?

Re: The Play Chip Challenge
 

how much do play chips sell for? one mil for instance?

Re: The Play Chip Challenge
 

I think it is like $7 - $10. The big question is why do people buy them?

Re: The Play Chip Challenge
 

Does 2+2 have a thread where you can buy play chips (like T$/W$)? Seriously, where do you find people to buy these? Is there a High Limit Play Money Forum?

Re: The Play Chip Challenge
 

[ QUOTE ]
[..] Is there a High Limit Play Money Forum?

[/ QUOTE ]
Yes there is, but sorry, it's invite-only. You have to qualify by posting quality on the other boards first.

Re: The Play Chip Challenge
 

[ QUOTE ]
Hey,
Actually not doing quite that bad. Was up to about 400k but just bubbled in a 80k 3table and in another omaha80k. I'll post when I reach the million mark. Cheers...gl!
H-Train

[/ QUOTE ]
Post your hourly earn, too.

Re: The Play Chip Challenge
 

is this a joke??

Re: The Play Chip Challenge
 

why don't you play freerolls to try to win $. it seems like a more noble way than selling play money chips.

i won a 2589 person freeroll on UB a couple months back and got $10. you could do that.

Re: The Play Chip Challenge
 

Actually, now that I think about it, selling playchips is far more logical than playing freerolls. Seriously, it might be difficult to place top 27 out of 10K players and then turn around and make a score in the $1,000 guaranteed that follows. Typically you lose, and even if you win, you get something like a buck or two and simply lose it. All that work for nothing.

However, play money you have an infinite bankroll and you only have to play like a complete nit. Eventually you hit a million and get some money guaranteed. Then again, once 1 million is hit you could probably make it to like 10 million , or even 100 million, pretty quickly. and that would be like $70 to $100 bucks.

Better still, get like 1 billion playchips, play in the biggest play money games in the world, and earn an awesome $50 a week doing so. Instant balla status!

Anywho, I actually won my bankroll by turning that $2.00 in freeroll money over anyhow, though I still am only at $50+ currently...

Question though, where the hell do you go to sell the playchips?

Re: The Play Chip Challenge
 

OP post a hand history and I will donate 10k in play chips on stars. You could have 100k on bodog, but neteller does not do play chip transfers any more.

Re: The Play Chip Challenge
 

[ QUOTE ]
Question though, where the hell do you go to sell the playchips?

[/ QUOTE ]

There are several pages where you can buy and sell play money chips, www.bigbadbullets.com for instance pays $10 per million.

And yes, there are indeed "High Stakes Play Money" players out there...

Re: The Play Chip Challenge
 

did OP reach his goal? i've never seen him online on PS.

Re: The Play Chip Challenge
 

Can you transfer play chips to another player on Poker Stars, or would he be selling his account?

Re: The Play Chip Challenge
 

can't you just find like $10 in change on the ground? How about you wash cars for $1 a car...You will get your $10 way faster than trying to make 1 million play chips.

Are people really so broke they can't get together $10?

Re: The Play Chip Challenge
 

[ QUOTE ]
I think it is like $7 - $10. The big question is why do people buy them?

[/ QUOTE ]

no idea, but prehaps in countries where actual gambling is prohibited?

Re: The Play Chip Challenge
 

What tickles me is not selling the play money, but the delusion that $10 is going to last more than 5 minutes in a .20/.50 Omaha H/L game.

Re: The Play Chip Challenge
 

[ QUOTE ]

i won a 2589 person freeroll on UB a couple months back and got $10. you could do that.

[/ QUOTE ]


Hilarious beat.

Re: The Play Chip Challenge
 

[ QUOTE ]
Can you transfer play chips to another player on Poker Stars, or would he be selling his account?

[/ QUOTE ]


I had to know:

http://img228.imageshack.us/img228/2...apimagedb0.jpg

Hilarious!

BTW, I didn't actally send the chips because [censored] him, that's why.

Re: The Play Chip Challenge
 

[ QUOTE ]
can't you just find like $10 in change on the ground? How about you wash cars for $1 a car...You will get your $10 way faster than trying to make 1 million play chips.

Are people really so broke they can't get together $10?

[/ QUOTE ]

What are the fees to deposit $10? Would there be anything left?

Re: The Play Chip Challenge
 

wait can you chip dump play money chips and sell them? just have someone keep going all in and reloading (its free) then sell and repeat..

Im going to be RICH

Re: The Play Chip Challenge
 

[ QUOTE ]
[ QUOTE ]
I think it is like $7 - $10. The big question is why do people buy them?

[/ QUOTE ]

no idea, but prehaps in countries where actual gambling is prohibited?

[/ QUOTE ]

I think I remember it being mentioned on here that in poorer countries where online poker isn't allowed, selling play chips on ebay or wherever was a frequently used loophole to basically make it for cash, even if the cash amount was really small.

A friend was telling me how his friend was obsessed with his MSN poker rating, and like reviews his hands and stuff while no money is at stake, play chip 'ballas' where $10 is exchanged here and there seems like its just a step up from that.

Re: The Play Chip Challenge
 

Who buys these play chips, and for what purpose???

Re: The Play Chip Challenge
 

i don't know what is sadder:

1) OP is trying to run up a play money bankroll

2) OP is posting about his play money bankroll

3) OP thinks other people care about his play money bankroll.


I've often wondered who is worse - the muppet who writes rubbish, or the muppet who reads rubbish.

Re: The Play Chip Challenge
 

Sorry, sarcasm cannot cover this thread. I have to pass.

Re: The Play Chip Challenge
 

OP, play the 1K freeroll every night at 9:40pm on Bodog. If you are any kind of semidecent player, you can build a decent bankroll doing this.

Re: The Play Chip Challenge
 

Since the current exchange rate is $10 for $1,000,000 in play chips, what makes the play money all that different from real money? Every $100,000 in play money is $1 in real money. So the play money sit n go's that are $80,000 buy-in are actually like $.80 sit n go's. Believe it or not, if you play well at this level it is still +EV. 99% of the people playing play money play like donkeys and you just have to take advantage. Sure it's starting small, but is there that big a difference between a $80,000 play chip sit n go and a $1 real money sit n go? Not really.

Re: The Play Chip Challenge
 

so wait... I can transfer my play money to a friend... reload, rinse and repeat? Once they get to a million we get a sweet $10 to split between the two of us?

Another idea ... I remember reading a thread somewhere that you could buy into the lowest play money sngs on fulltilt and sit out and grind a small profit (well... pretend profit anyhow)... sounds like another slow, but steady hustle...