Not Mine OMG!!!! Paulson Cosmopolitan Casino (100) $1.00 Poker Chips

Ronoh

Full House
Joined
Nov 2, 2014
Messages
4,720
Reaction score
6,421
Location
Ohio
Reserve auctions on things like this are just silly.
 

Gear

Full House
Site Vendor
Supporting Member
Joined
Oct 31, 2014
Messages
4,084
Reaction score
6,400
Location
Mission BC Canada
I can't imagine that the reserve is anything less than $100.
 

tigon

Straight
Joined
Nov 4, 2014
Messages
784
Reaction score
198
Location
Canada
Setting the starting price to your minimum reserve would accomplish the same thing. I guess the idea behind it is to instigate a bidding war, but if just one or two people have bid, they're probably not going to bid themselves up to the minimum reserve price unless they REALLY want the item.
 

slisk250

Straight Flush
Joined
Dec 9, 2014
Messages
7,681
Reaction score
12,671
Location
Rocky Mountain High
The problem with a reserve auction is that it takes two bidders with a number over the reserve for the auction to end in a win, I believe. If auction reserve is 100 and second highest bid is 90, then even if the proxy bid was 250, the price would go to 90 + the increment and = no sale. A reserve price auction will have no impact on a bidder who implements a sniper program or bids at the bell.

Bidding wars are silly too. Set your highest price in mind, set your snipe to that price. If you win, you'll get it for the lowest possible price instead of driving it up.
 

pltrgyst

Straight Flush
Supporting Member
Joined
Mar 29, 2013
Messages
9,652
Reaction score
13,600
Location
FL
Since they're live chips, no one's going to sell them for less than face value.

I have two racks, harvested the week the casino opened by simply going up to the cage and asking for them (documented on CT at the time, with pics), if anyone needs more than the rack on Deezer's auction -- I'll see if I can find them.
 

Bloody Marvelous

3 of a Kind
Joined
Feb 7, 2015
Messages
592
Reaction score
553
Location
Gouda, The Netherlands
The problem with a reserve auction is that it takes two bidders with a number over the reserve for the auction to end in a win, I believe. If auction reserve is 100 and second highest bid is 90, then even if the proxy bid was 250, the price would go to 90 + the increment and = no sale. A reserve price auction will have no impact on a bidder who implements a sniper program or bids at the bell.

Bidding wars are silly too. Set your highest price in mind, set your snipe to that price. If you win, you'll get it for the lowest possible price instead of driving it up.

Actually, if your proxy bid exceeds the reserve your bid is automatically set to the reserve price. You're willing to pay what the seller wants, so that would make sense.
 

slisk250

Straight Flush
Joined
Dec 9, 2014
Messages
7,681
Reaction score
12,671
Location
Rocky Mountain High
This must be a change from what has been in the past. I have lost auctions this way. I don't know what happened?
 

fiveaces

Sitting Out
Joined
Jun 21, 2015
Messages
31
Reaction score
33
Location
San Francisco
Since they're live chips, no one's going to sell them for less than face value.

I have two racks, harvested the week the casino opened by simply going up to the cage and asking for them (documented on CT at the time, with pics), if anyone needs more than the rack on Deezer's auction -- I'll see if I can find them.

Will the cage do this for anyone? I really like the Cosmo chip colors.
 

Bloody Marvelous

3 of a Kind
Joined
Feb 7, 2015
Messages
592
Reaction score
553
Location
Gouda, The Netherlands
I've only ever played poker, but I'm sure the same thing is true for blackjack and roulette (or whatever other games they may hold). If you can sell chips at the cage, I'm sure you can buy them at the cage as well.
 
Top Bottom