Pokerstars T$ trading back

After roughly 2 months Liquid Poker is once again buying PokerStars Tournament Dollars (T$). Due to the Black Friday, PokerStars discontinued trading for everyone. Now that the situation is settled and clear, they resumed the service and therefore Liquid Poker is allowed to trade T$ with you again. If you wish to sell some T$, visit our 'Sell Your T$' page and you'll be able to see our form, which is very intuitive. Our rates are amongst the best out there, and since everything is automatic you can do it in less than a minute at any time. Our system completes most transactions in just a few minutes.

If you are not familiar with Tournament Dollars, read the FAQ below and follow the instructions in our step by step page.

Frequently Asked Questions


What are Tournament Dollars (T$)?

T$ are a parallel currency created by PokerStars to allow users who earned a seat to a tournament to use the credit in the future in case they can't play that particular tournament. After unregistering, the exact value of that tournament's buy-in will be transferred to your cashier and be shown as T$, which you can either use to register in another tournament or sell it to someone. Let's say you play a satellite that offers tickets to the Sunday Million. If you do well and get one of the seats and then decide to unregister, you will earn T$215 which will be displayed in your cashier.

How do I get T$ credited to my cashier?

If you earned a ticket through a satellite, you should go to the PokerStars lobby and select 'Registered in Tournaments' under the 'Requests' tab. Open the tournament which you got a ticket to and click on the 'unregister' button. Bingo, your cashier should show the value of the buy-in in Tournament Dollars.

What are your transfer rates?

We trade as follows:

T$ = 97% for every amount

How do I sell it?

It's really simple. From the lobby, select 'Trade Tournament Money' -> 'Sell Tournament Money' under the 'Requests' tab. You'll see a form with some blank fields and brief instructions. Fill the information according to the table in our Sell Your T$ page and complete the transfer first on PokerStars and then on Liquid Poker.

How much can I sell?

You can sell any amount you want.


How do I know that my transaction is safe?

The process of the transaction occurs through the PokerStars lobby. This sale is mediated by PokerStars itself, which means that the PokerStars software does not allow any unsafe transactions. Your security is guaranteed by PokerStars’ trading system. We have been trading Tournament Dollars for four years with great success.

above post will be deleted very soon

i saw that post earlier, little bit ridic that it was deleted. the two plus two w/t$ trading marketplace thread is not in any way a competing service. it's just a thread where us poker players that wanna buy and sell our T$ can come together and trade among ourselves at the market rate without a 'middleman' taking a % like liquidpoker effectively does. 97% is not the market rate for T$, trade with liquidpoker for the convenience of an automated system and quick transfer and to support the site if you wish, but know that you're being ripped off.

sorry meat, im gonna relink it because i don't believe in censorship of such a thing

I'm sorry ket but your opinion or how you feel about this thread is irrelevant to this case. We reserve the right not to allow propaganda for people that buy/sell t$ since lp runs this service. It's everyone's knowledge that there are better rates out there and lp posters are free to make a quick research on google and opt between an automated system or better rates between private users. Meat/Naz will read this later and they can do whatever they like about it but for now i'm taking the link off your post.

Ket ( I edited out the link btw ), Raidern pretty much explained it - if you think we are wrong, just go to 2plus2 and post that we offer that service, not hard to guess what the reaction will be, is it?

This is automated service for players that value speed and dont want to look for people to trade - its obviously has it advantages and downsides. Buy saying that this is a rip off is way out of the line, no one is forcing you to use it, everyone can feel free to spend time looking for private transfer partner that will pay you 1$ more on every 100$.

I also completely dont get whole idea behind those posts, its like someone posting "Hey I wanna sell a bike for 300$", then random person comes and posts "Yo nice bike, I DONT WANNA BUY IT ANYWAY, but I saw it on ebay for 280$".

I've no idea what T$ can sell for elsewhere, but if it is available at a better rate then surely you can't have "You can sell your pokerstars T$ tournament dollars for 97% (also WPT, WCOOP, WSOP dollars). These are the best rates publicly available anywhere."

Can you post the ebay link to the bike? I need a new one

On June 09 2011 15:43 Defrag wrote: Ket ( I edited out the link btw ), Raidern pretty much explained it - if you think we are wrong, just go to 2plus2 and post that we offer that service, not hard to guess what the reaction will be, is it? This is automated service for players that value speed and dont want to look for people to trade - its obviously has it advantages and downsides. Buy saying that this is a rip off is way out of the line, no one is forcing you to use it, everyone can feel free to spend time looking for private transfer partner that will pay you 1$ more on every 100$. I also completely dont get whole idea behind those posts, its like someone posting "Hey I wanna sell a bike for 300$", then random person comes and posts "Yo nice bike, I DONT WANNA BUY IT ANYWAY, but I saw it on ebay for 280$".

i agree nobody is forcing you to use lp to sell T$ and everyone has the choice if they wanna pay a little for the convenience of instantly selling here instead of finding buyers among poker players at the market rate, but it's most likely that >>95% of people that sell T$ to LP do so out of ignorance and not realising they're paying below the odds.

as for "the whole idea behind those posts", the reason i made a post is that i want to help my fellow poker players by letting them know, for the ones that weren't aware, that if they prefer to, they do have the option of selling their T$ at 99%+ directly to poker players. There is a place they can really easily do that and find buyers within hours of making a post, and your censorship of the link to that place is a very scummy move in my eyes, a move to try and keep profitting from ignorance and imperfect market knowledge. sure we're not talking about big amounts here but i dont like the principle of it

I cant agree with it being scummy move at all - this is simple business, and no other forum will allow linking to other sites service, this is a common practice.

Besides, I dont agree that this is only lack of knowledge - the difference is so small ( around ~1$ on every $100 sold or so ) that some players just dont want to waste time looking for private transfer partner, or they prefer to support the site they use daily, since the different is so small anyway.
If you want an example of the latest, just look at TeamLiquid selling SC2 directly at their site, a lot of players bought it throu the site links ( as did I as well ) to support the site, even they could get a slightly better prize somewhere else.

On June 09 2011 19:21 SoC wrote: I've no idea what T$ can sell for elsewhere, but if it is available at a better rate then surely you can't have "You can sell your pokerstars T$ tournament dollars for 97% (also WPT, WCOOP, WSOP dollars). These are the best rates publicly available anywhere."

I already explained that: this text is completely accurate - those are public rates, and if you want to get anything better, you have to search for private person to transfer your money that is willing to buy $t directly from you. Those are two completely different services.

It's pretty much same as buying something from authorized dealer in your local shop and buying something from ebay. We are the official partner here.

When money is involved, what are ordinarily reasonable men turn far more selfish, focussed on loss and gain, more distrustful, more willing to do (and rationalize) ethically questionable things...

Fact that this behavior is natural doesn't detract from it being a very scummy move, of course. This is a forum, a community, not a business. Censoring competition to profit from ignorance is incredibly low. That is exploiting your community.

Are we your community or your plundering ground?

Feel free to offer a useful service and profit from it but don't go around censoring posts to make it more profitable.

And yes it's your site and yes I can have my opinion on how you are running things. And no you don't need to listen to me. Listen to your own conscience.

You are assuming we removed those links because of percentages, but that is simply not true. Go to 2+2 and post our links there, it will get deleted.

Read the first line there

Rules - You can not post websites in this thread nor can you say "see my profile for website". Anyone caught spamming websites will be warned once and then will start to receive infractions and/or possibly banned. This includes putting an image to your website in your avatar.

Guess it's a scummy move by 2+2....

the key difference that you either fail to grasp or resolve to ignore is that you try to profit from T$ trading while 2p2 does not. 2p2 sell books, they aren't a competing business in T$ or even rákeback directly. Your competition is poker players that want to cut out the middleman in their trades and market knowledge.

But okay, if you're so desperate to not have links to threads on 2p2 then how about this, I'll start the same thread on liquidpoker "W$/T$ trading marketplace", you guys leave it open and maybe give a sentence in the op of this news post linking to it with something like "Or if you prefer to trade your T$ directly with poker players then please use this thread". Allowing this would be perfectly reasonable and not allowing it would be clearly scummy, you won't be able to hide behind any linking to other sites excuse then. How about it?

On June 10 2011 03:08 Defrag wrote: It's pretty much same as buying something from authorized dealer in your local shop and buying something from ebay. We are the official partner here.

Ahh the old using faulty analogies to try and coerce people into your product. It's not the same, people buy things from authorised shops instead of ebay for a guarantee in quality, because they want the product brand new and make sure it's genuine. There is 0 difference between T$ traded with lp and T$ traded with joe blow poker player, a dollar is a dollar.

And while we're on the subject of a dollar, not that it's a big point but simple math will tell you that we get ripped off for at least $2 per $100 over market rate (usually a small amount more) when we trade with lp instead of among ourselves, not the $1 per $100 you keep mentioning. And sure it may sound small when you put it like that but if you're regularly selling it'll add up just like excessively tipping the dealer in live poker will add up big at the end of the year.

you can extend this situation to just about everything. there may be people with better rakeback than us (for whatever reasons, friends in the organization, volume, etc) should we allow people to post their affiliate links if we cannot offer better? it mostly seems to me like you're arguing for the best possible situation for yourself and then finding the reasons for this to add to your story. lp is a community site and a business and for it to stay this way (on both accounts) sometimes we have to disallow competing products from being advertised.

On June 10 2011 06:54 Ket wrote: the key difference that you either fail to grasp or resolve to ignore is that you try to profit from T$ trading while 2p2 does not. 2p2 sell books, they aren't a competing business in T$ or even rákeback directly.

So the criteria now is that as long what they offer is none-profit (though the 2+2 site clearly is not, thus profiting from trading indirectly) we should allow it? When someone has a free ebook then 2+2 will probably not appreciate it either when they make a newspost about their book that covers the same subject and a 4 post user has to fipo that basically says "lol ripoff go < here >".

On June 10 2011 08:23 Nazgul wrote: you can extend this situation to just about everything. there may be people with better rakeback than us (for whatever reasons, friends in the organization, volume, etc) should we allow people to post their affiliate links if we cannot offer better? it mostly seems to me like you're arguing for the best possible situation for yourself and then finding the reasons for this to add to your story. lp is a community site and a business and for it to stay this way (on both accounts) sometimes we have to disallow competing products from being advertised.

as far as the owners/people that run it are concerned it's a business first and foremost, and community site very distant second, this has been made very clear. self interest has little to do with my argument, i've never sold a T$ in my life and i have very little use for buying them either as i seldom play tournaments. i only want what's best for poker players, in this case perfect market knowledge of what's out there. teamliquid is a great site but i don't like some elements of how this sister site seems to be run. As has been correctly pointed out to me via pm, I am free to leave the site anytime if I don't like the way it's handled so I guess i'll get out of your way now and do that. so long lp

Did one of my posts here just disappear?

On June 10 2011 10:43 Ket wrote: as far as the owners/people that run it are concerned it's a business first and foremost, and community site very distant second, this has been made very clear. self interest has little to do with my argument, i've never sold a T$ in my life and i have very little use for buying them either as i seldom play tournaments. i only want what's best for poker players, in this case perfect market knowledge of what's out there. teamliquid is a great site but i don't like some elements of how this sister site seems to be run. As has been correctly pointed out to me via pm, I am free to leave the site anytime if I don't like the way it's handled so I guess i'll get out of your way now and do that. so long lp

This argument is incredibly flawed I'm disappointed you would make it. There are many decisions when running a site. Some will be community favored (on LP, most are) some will be business favored (potentially like the discussion we are having here). If a single decision turned out in favor of the community, you wouldn't make the argument that community comes first.

As a poker player you should at least understand variation in these sorts of things. You disagreeing with one decision doesn't mean you should go around making claims about what comes first.

On June 10 2011 10:54 Fudyann wrote: Did one of my posts here just disappear?

There hasn't been any interference from mods since I posted. If you have a concern that your posts are missing PM Defrag to check it and if its true to discuss the possible reasoning behind it.

On June 10 2011 10:54 Fudyann wrote: Did one of my posts here just disappear?

Yeah they deleted my post too rofl and I didn't even post any links all I said was that there are sites just like liquidpoker that give 99% so that people are aware of better rates..I only started using LP because of teamliquid but its disappointing how some things work here

As for Ket we have had a long conversation on MSN and we (staff and Ket) all agree with him that it is fine to link to marketplace. However that the manner in which it happened here was disrespectful and unnecessary. Though we believe that in the poker market every site needs to protect itself by removing competing links; the T/W marketplace offers something we don't, and it is not something we need to hide from our users.

I don't get this whole deal. LP is a business, so are 99.9999% of the forums.

If you don't like their deals, fine don't use em. If you think someone is "dumb" trading to them, let them, doesn't affect you.

LP offers better deals anyway than A LOT of other sites.

I guess not everybody has the same moral instincts. Anyway, this was resolved now in a way I am completely comfortable with.