Home / Community / Forum / Support Area / Poker News /

How do you sell a $3000 seat?

Old
Default
How do you sell a $3000 seat? - Mon Oct 28, 2002, 11:06 AM
(#1)
Deleted user
I just posted a trip report describing my win of a $3000 seat in the upcoming Lucky Chances World Poker Tour $3000 NL Holdem Championship event. I'm not sure whether I should play this seat, because frankly the $3K just short of doubles my poker bankroll. I've started to move up in limits, and could use the increased bankroll. I now consider myself a 6/12 player and am pushing into the 9/18 and 10/20 games and doing pretty well, but my current bankroll is right on the edge of what it needs to be to play at the 10/20 level.

So, while I think the overlay in the $3k tourney will be pretty good given the large number of sat qualifiers, I certainly don't think I am going to have a personal overlay with all the big names coming to play. Though I would like to get a chance to play in a NL tourney with 10K starting chips like we have here at PSO, at this point I am leaning towards selling the seat. I'd welcome any advice or comments in this regard.

So my question is how does one go about selling the seat? Do I go to the casino on the day of the event and, like they do at the World Series games, walk around going "who needs a ticket" or holding a cardboard sign with "1 Ticket to sell" on it? I assume I will be able to get the full $3150 for the seat; is that a good assumption? My concern would be that I decide to sell the seat but can't make the sale and thus end up playing...not a terrible development, but I would like to have both options...

Help!
 
Old
Default
Mon Oct 28, 2002, 11:56 AM
(#2)
Deleted user
hey bill, nice seeing you last night...good job! email or call matt and let him know you want to sell it...perhaps when one of the pro's calls to reserve a seat, you can sell it to that player. r u asking for the full $3150 or $3k? later...the jam has been spread....
 
Old
Default
Mon Oct 28, 2002, 11:58 AM
(#3)
Deleted user
I'm assuming I should be able to get the full $3150, but I don't know if the buyer would expect at least a little discount...what's the norm here?
 
Old
Default
Mon Oct 28, 2002, 12:42 PM
(#4)
Deleted user
Play the tournament. It will be a great experience, and if you make some money, *then* you will be approaching a 10-20 bankroll.
You are nowhere close now, if 3k will nearly double your bankroll.

In my experience about the only way you can get full price for
a "lammer" is if there is a long line on the day of the tournament
and you hawk it to those at the end of the line. The easier thing
to do (besides advice already given) is cruise the tables the
day before the tournament and offer it at a discount.
And yes, it is fine to just say, "Anybody wanna buy a 3k lammer
for $2800?"
Good luck... I hope to be selling a lot of 'em at Foxwoods this
Wednesday and Thursday! ...aloha
 
Old
Default
Mon Oct 28, 2002, 01:17 PM
(#5)
Deleted user
Huk,

Thanks for the comments.

Assuming I could get full value for the lammer, this would bring my poker bankroll to around $8500. I'm no expert on bankroll requirements, but I've always heard that you want to have at least 300x the BB, and at $10/20 this would take me from having 267 big bets to 425...am I wrong to think this is a reasonable size bankroll on which to play 10/20?

I've been playing the low limits for a couple of years now, mostly 3/6, and lately a lot more 6/12. I've recently started to dip my toes in the 9/18 games at Lucky Chances by exercising careful game selection, and I played a few hours at 10/20 and 15/30 at the Mirage and Bellagio a couple of weekends ago and did well in the 10/20, just paid the blinds and burned off $200 in the 15/30 in about an hour of no hands to take past the flop.

I found those games more challenging and more interesting because it became possible to use some more advanced strategies that simply do not work at low limits. I certainly don't have enough hours to tell whether I am really going to show a profit at those levels, but with continued good game selection in the 9/18 at Lucky Chances I think I can be a net positive player and continue to advance my poker education at the same time. But I knew my current bankroll was in some jeopardy at those levels. I'm thinking that >400 big bets is much better so as to handle some swings and still continue to play at that level without having to drop back down...no?
 
Old
Default
Mon Oct 28, 2002, 04:21 PM
(#6)
Deleted user
actually, let me amend that a little... assuming you have
some other regular income and the 8k is truly your
"poker" bankroll... go ahead and try the 10-20 for
awhile... I'd still be tempted to play the tournament
despite assertations that they are poor value for the
money... But it sounds like you have a definite plan
and it seems solid... go play 10-20 and when you're
beating that consistently, then you can relax and
take a little money out for some tournament fun!
Good luck!! ...aloha
 
Old
Default
Tue Oct 29, 2002, 05:29 AM
(#7)
Deleted user
post it on amazon

just kidding
 
Old
Default
Tue Oct 29, 2002, 08:44 AM
(#8)
Deleted user
hehe, that's interesting...I wonder if you would get any bidders on eBay or Amazon for something like that?
 
Old
Default
Tue Oct 29, 2002, 10:15 AM
(#9)
Deleted user
You can try posting it on RGP...I know a couple of people were able to sell some seats in a big online tourney to a couple of pro's who did not take the time to qualify. And I have also seen people sell lammers to B&M tournaments as well.

Good luck with whatever happens. Personally I would take the shot and play, you never know you might end up on T.V. next year!
 
Old
Default
Tue Oct 29, 2002, 12:17 PM
(#10)
Deleted user
One VERY important bankroll point. 300 BB is generally enough to play whatever level you play at ASSUMING that a) your standard deviation is around 10 BB/hr [pretty normal, though if the games you play in are particularly wild it could be much higher] and b) you are a 1 BB/hr winner at this game. If you are only, say, a 1 SB/hr winner, your bankroll would need to be 4 times as large. If you are a losing player, no size bankroll will keep you from inevitably going broke.

That said, I don't think theres any question that you've got the bankroll to take on 10/20. The key is, if you get hammered, be willing to step back down, rebuild and regroup.
 
Old
Default
Tue Oct 29, 2002, 08:20 PM
(#11)
Deleted user
Hey Wiscer,
Just a thought u might want to see if you can sell the seat.
You might not be able too. Seats are sellable after a player wins a second seat in a turney. At least that is the way it is in the WPO and WSOP.
TOM
 
Old
Default
Tue Oct 29, 2002, 10:49 PM
(#12)
Deleted user
Thanks for the note, Hammer1. I called LC and they said that they are transferable, even your first one. That's nice to know and I'd have hated to get there and find out all this worrying over whether to play or not was a moot point!
 
Old
Default
Tue Oct 29, 2002, 10:51 PM
(#13)
Deleted user

Deleted
 
Old
Default
Tue Oct 29, 2002, 10:55 PM
(#14)
Deleted user
Quote:
Originally Posted by Jesseboy
One VERY important bankroll point. 300 BB is generally enough to play whatever level you play at ASSUMING that a) your standard deviation is around 10 BB/hr [pretty normal, though if the games you play in are particularly wild it could be much higher] and b) you are a 1 BB/hr winner at this game. If you are only, say, a 1 SB/hr winner, your bankroll would need to be 4 times as large.
I understand a), however, I don't think b) sounds right. As long as I am a winner, then my bankroll will gradually grow by some percentage over time. The bankroll size is just important as it relates to the variance and SD. So your point on the wildness of the games impacting min bankroll size makes sense to me. But whether I win 1 SB or 1 BB an hour doesn't. Am I missing something?

Quote:
That said, I don't think theres any question that you've got the bankroll to take on 10/20.
Yeah, that's what I thought. The question is if I've got the GAME to take on 10/20 :roll:
 
Old
Default
Wed Oct 30, 2002, 01:34 AM
(#15)
Deleted user
You're correct that if you are a winning player of any amount, your bankroll will inevitably grow, assuming you dont go broke first. 300BB is generally the number used for a 1BB/hr winner with a SD of 10BB/hr. Either an increase in the SD or a decrease in the per hour winnings will require a larger bankroll to ensure you don't go broke before you hit the long run. Honestly, my algebra/calculus is terrible, so rather than try and hack my way through I'd suggest you check out either Mason Malmuth's "Gambling Theory and Other Topics" or the Probability and General Poker boards at twoplustwo.com
 

Getting PokerStars is easy: download and install the PokerStars game software, create your free player account, and validate your email address. Clicking on the download poker button will lead to the installation of compatible poker software on your PC of 51.7 MB, which will enable you to register and play poker on the PokerStars platform. To uninstall PokerStars use the Windows uninstaller: click Start > Control Panel and then select Add or Remove programs > Select PokerStars and click Uninstall or Remove.

Copyright (c) PokerSchoolOnline.com. All rights reserved, Rational Group, Douglas Bay Complex, King Edward Road, Onchan, Isle of Man, IM3 1DZ. You can email us on support@pokerschoolonline.com