Why buy a seat won in a satellite?

Why would I want to buy a tournament seat that someone else won in a satellite? I can understand if it was heavily discounted, but 10% wouldn't do it for me. At the wsop, tournament chips are sold for face value, so this isn't just in reference to online tourneys.


Wouldn't I (and everyone else in the tournament) prefer that the seat go unsold, thereby leaving that dead money in the prize pool?

Lol


The seat will be used. You can chop it up into other seqats thru PokerStars.


MS Sunshine

Of course you would prefer it to go unsold, if "you" refers to the entire field.


However, if there are 100 players in a $1000 + 50 buyin event, would you rather have that $10 value of it being unsold, or the $100 value of buying it at a discount of $100 below face value?


Later, Greg Raymer (FossilMan)

Of course your answer makes sense. How do you explain that the online seats sell at a discount, and the wsop chips don't?

I don't know why you think this question is funny, other than your obvious bias (you have a seat for sale), and you think I am somehow slighting you. But the seat won't be used unless it sells. Since I don't play online, I don't care if it does or not. It just seems odd to me that people win seats they aren't going to use, and then charge prices at or near the same as can be had from those that run the tournament.


Splitting the seat really doesn't have anything to do with my question, but I think it is bad business for PS to do this on a case by case basis. It would make more sense to issue tournament chips like the wsop.

Of course, the seat will be used by someone. I had two $1K seats, I split one and I'll play the other. It will not just disappear.


Also, they don't sign you up twice into a tournament, PS would get the money if it was not used or sold, not the players.


MS Sunshine

WSOP tournament chips sell at a discount to face value most of the time.


MS Sunshine

PS would get the money if it was not used or sold


That hardly seems fair. I guess this was a freeroll, but why should that be any different than if the players had paid to enter a satellite?

I have never seen them sell for less than face value. When we go to sign up for the event, there are people standing there with the chips for sale. There is no negotiating, you either buy them or you don't.

I worked at the Horeshoe, when Jack B., ran the place for seven years, and chips were sold for less than face value, $500 all the time during the tournaments, usually around $485.


You may have seen some chips sold in line to buy them, at face value, but outside of that, they sold for less alot of the time.


MS Sunshine