Joined: Feb '12
Age: 58 (M)
Thanks marqis for the info... It seems a bit of a waste to me to just blow them away for 50% of the true value of them, so I'm thinking it's better to just spend them on whatever tourney you can buy into and play a good game and try to win larger amounts of REAL money...
One other question for whomever can answer...
Say you finish in the money on the leaderboard (Top 30 or whatever it is),...do you receive THAT in cash deposited into your real money account,...or do you get T$ for that payout also...?
It's not quite as bad as 50%; you can expect a 90% conversion rate.
It you do 10 coinflips you'll win between 0 and 10 of them. Converting at a rate between 0% and 180%, depending on how many you actually win (90% on average).
But why bother with them, just play some MTTs or SNGs with them; I bet you'll do better than 90% with that... Party poker has a lot of ultra low buyin MTTs as of late (even $0.10 rebuys with a guarantee that is often not reached), that should be +EV for your tight playing style.
The leader board top 30 prizes appear to be T$ as well (according to the payout table), I'm not sure about the top 200 freeroll though...
Joined: Mar '11
Location: United Kingdom
Age: 49 (M)
These Tournament dollars cannot be exchanged for real cash but they can be used in various sit and go's where the prizes are real cash so it is tantamount to the same thing. Good luck to all those playing the Tournaments and i will see you on the tables