Chips, points and prizes
soleman
Jan 30, 2011
As I mentioned in a previous post, 100 USD can get 2500 points. That makes it a dollar for 25 points, or about 150,000 chips on average. That's about a few buy ins at 5/10 and 50/100, maybe just more than one at 250/500. For the other tables you'll need quite a bit more.
The values for 100 points used to be 200K about a year ago. Collectibles, also known as "exclusives" were also 100 points and could be gotten at 200K per item, or traded for several items that could be worth more, since they appreciated.
Since then however, the collectibles maybe fetch 200-300K tops, and the points that could be used are worth twice what the item could fetch in a store.
Point can be used to buff your character up more as well. It would help to spend the points towards increasing how much you can deposit in the bank (75 points per 250K--in the beginning not a bad deal), and withdraw as well (200 points spent here lets you take out your entire balance if the chips really are down). The chips in the bank prevent you from going into a cycle where you dump chips onto the table in an attempt to get them back--and instead lose them faster.
From time to time you might run into items you can pick up and put into a shop to sell to other players. You can use the points to increase your backpack or shop size (by 5 items each time). If you have a lot of items won, found or bought a shop can be where to turn them into much-needed chips to play with.
Every 6 hours, at about 2:45 AM, 8:45 AM, 2:45 PM and 8:45 PM Eastern Standard Time or EST (Poker Standard Time, or PST, is the same thing as Central Standard Time -- 1 hour earlier than EST) there are raffles you can enter to win items. The most entries you can normally do for each raffle is 500, for 1 chip/entry. So if you want to go for all 8 item prizes there, it will cost you 4000 chips to enter all 8 raffles, and 16,000 if you want to get in all the raffles in a given day (and you must make sure you get in before the draw is done too). But if you win an item you either put it in your pad for texture, or sell it for chips.
Also, there are cash prizes that can be won by having the highest bid at the end of the month (last day and last hour). For those starting out, keep in mind what I said: 150K chips=25 points=1 dollar.
There are those who would bid in the millions of chips. Multiply the number of dollars a prize is worth in an auction times 150,000, and add 5%. This would be the realistic chip amount to pay for the prize. Unless you have an unholy streak of great luck at the tables where you can mint chips day and night, don't bid more than a prize is worth. Once you pay your 25 poker credits to seal a bid, you won't get your chips back unless you're outbid (and you don't get back your credits). You need to then manage your stack and make sure you can afford a bid, and even then can afford not having the chips in case you get into a streak of bad luck.
Also, under the "poker credits store," they'll tell more about the credits and the items you can buy with them. This is the only way to get chips from this, since you can't directly sell credits for chips; you must buy items with credits, then sell the items in the shop for chips (or get a trade with someone else).
1,720
The values for 100 points used to be 200K about a year ago. Collectibles, also known as "exclusives" were also 100 points and could be gotten at 200K per item, or traded for several items that could be worth more, since they appreciated.
Since then however, the collectibles maybe fetch 200-300K tops, and the points that could be used are worth twice what the item could fetch in a store.
Point can be used to buff your character up more as well. It would help to spend the points towards increasing how much you can deposit in the bank (75 points per 250K--in the beginning not a bad deal), and withdraw as well (200 points spent here lets you take out your entire balance if the chips really are down). The chips in the bank prevent you from going into a cycle where you dump chips onto the table in an attempt to get them back--and instead lose them faster.
From time to time you might run into items you can pick up and put into a shop to sell to other players. You can use the points to increase your backpack or shop size (by 5 items each time). If you have a lot of items won, found or bought a shop can be where to turn them into much-needed chips to play with.
Every 6 hours, at about 2:45 AM, 8:45 AM, 2:45 PM and 8:45 PM Eastern Standard Time or EST (Poker Standard Time, or PST, is the same thing as Central Standard Time -- 1 hour earlier than EST) there are raffles you can enter to win items. The most entries you can normally do for each raffle is 500, for 1 chip/entry. So if you want to go for all 8 item prizes there, it will cost you 4000 chips to enter all 8 raffles, and 16,000 if you want to get in all the raffles in a given day (and you must make sure you get in before the draw is done too). But if you win an item you either put it in your pad for texture, or sell it for chips.
Also, there are cash prizes that can be won by having the highest bid at the end of the month (last day and last hour). For those starting out, keep in mind what I said: 150K chips=25 points=1 dollar.
There are those who would bid in the millions of chips. Multiply the number of dollars a prize is worth in an auction times 150,000, and add 5%. This would be the realistic chip amount to pay for the prize. Unless you have an unholy streak of great luck at the tables where you can mint chips day and night, don't bid more than a prize is worth. Once you pay your 25 poker credits to seal a bid, you won't get your chips back unless you're outbid (and you don't get back your credits). You need to then manage your stack and make sure you can afford a bid, and even then can afford not having the chips in case you get into a streak of bad luck.
Also, under the "poker credits store," they'll tell more about the credits and the items you can buy with them. This is the only way to get chips from this, since you can't directly sell credits for chips; you must buy items with credits, then sell the items in the shop for chips (or get a trade with someone else).
soleman
Aug 5, 2011
Right now since my post the point-to-chip ratio is 490K for 100, so you really need to decide how much you want to risk if you have a bad streak of luck. Points are cheaper than before, so trying to decide how much to wager also depends on how well you think you can win back what you paid for chips.
It means as well if you need to make bids, they got a LOT more expensive. Chips are harder to get in big quantities since before you needed 500 points for 3 mil, now it's over 600.
Once it was 200,000 for 100 points, now it's not that high.
It means as well if you need to make bids, they got a LOT more expensive. Chips are harder to get in big quantities since before you needed 500 points for 3 mil, now it's over 600.
Once it was 200,000 for 100 points, now it's not that high.
