With my recent success at the online poker tables on Titan Poker following the recommended move over to the iPoker network held site, I have decided that I need to cash out of PokerStars and change my focus a little if I want to continue on the winning street.
Although moving away from PokerStars will mean that I will miss out on the frequent online poker tournaments and promotions, it makes sense for me to continue to play on the site that I have experienced a big win on rather than trying to grind out victories over at PokerStars.
So with my real money funds pulled out of the account and apparently now in processing to be sent back to me, I have the problem of what to do with the PSMoney, also known as tournament dollars that I have on the site.
These are funds that have been awarded to me after I have won a number of satellite tournaments and decided that I would rather not play the resulting tournament that has been offered as the prize.
Seem like a strange thing to do?
Not at PokerStars, they basically allow you to exchange the value of the tournament seat that you won for tournament dollars, another pool of funds that can be used to buy into tournaments of your choice.
This was a valuable addition to the site for me and meant that I could enter into some of the bigger, more expensive tournaments without having to spend $500 of my own money on getting into them, meaning that I was basically having to win a couple of satellites to get enough credit to enter, easy!
Okay well it wasn’t easy and there was hours / days / months of small satellite tournament playing that went on but at the end of the day I was able to make sure that I was involved in the bigger scale tournaments that I wanted to play, without having to spend the buy in fee from my own money.
EDIT: I have just been informed that I can now sell my tournament dollars through one of a couple of third party sites and it seems that I get 97% of the value back for them!
So I’ll lose 3% value from the cash but no one is going to want to pay the full value of the cash or they would just spend the money directly.
Cash out please dealer!!
