Quote Originally Posted by lambchopdc
Quote Originally Posted by Grand_MasterB
Hey lamb,
sorry to hijack your thread but ive never really played at poker stars. Maybe you could explain to me how these W$'s work. Are these regular cash buy-ins you are playing? I am interested in maybe trying to win my seat this year through PS so whatever info you could give me i would really appreciate.

thanks
When you qualify for a seat on Pokerstars, you can either play the seat or unregister and receive T$ or W$ in your account. Different satellites pay back with either one. T$ (Tournament Dollars) can be used to play any tournament or SNG. You earn these by winning seats to tournaments like the weekly $1 Million Guaranteed ($215). W$ (Special Event Dollars) are earned by winning seats to any large event such as the WSOP, WPT, EPT, etc. or winning seats to a another satellite that is for these events. W$ can then only be used to buyin for satellites to these events. Here is an example:

WSOP Path:

$73+7 Freeze Out (Winners get seat in the $615+$35 Freeze Out)
$615+35 Freeze Out (Winners get seat in the WSOP Main Event)

Now, lets say I win a seat playing the 1st satellite. If I unregister from the $615+35 event, my Pokerstars account is credited with 650 W$. When I open my cashier, I now see three acounts, Cash, T$, W$. I can know use my W$ to buyin to any WSOP satellite of any buyin level. All of these satellites can also be entered using cash.

W$ also have a cash value. You can sell your W$ either from player to player or through sites like Cashmanbrian.com or Sellyourseat.com. These sites usually pay 80% and sell for 95%. For this reason you can usually work your own deals out with players for 85-90%. This all being said, the reason I keep reusing my $W to buyin to the satellites is because its cheaper than buying in with Cash. Using 90% as the conversion rate, an $80 FO satellite actually costs me W$72.

And btw you aren't hijacking, i don't mind answering questions on anything regarding this. Hope i've answered yours here. If you more info, check this page out - http://www.pokerstars.com/wsop/
I need to get to your level, where you are buying into these tournies and actually making +EV from them lol