How do re-buys and add-on's affect value?

[misky]

How do re-buys and add-on's affect value? If a $1 tourney has $1000 gauranteed prize pool and 700 players but re-buys and add-ons are allowed, how is the value affected? Sorry if this is covered elsewhere but I couldn't find it. Cheers.

[Valiant23]

Re: How do re-buys and add-on's affect value? Good question. Most of us online players believe freezeouts to be the purest form on tournament poker but at my local casino a respected player made a comment one Saturday night that suggests that rebuys are. I think it boils down to the type of tournament you're playing in. Guaranteed prize funds 'value' will go down, but I believe at some point they will go upwards, but only if you spend less on rebuys than the average (I think). Added prize funds 'value' will continue upwards

[Dodger]

Re: How do re-buys and add-on's affect value? I will occasionally play a rebuy tournament under the strict rule that I will not rebuy. Play tends to be loose early on and if you can double up early then this puts you on the right track. Having said that, I usually find myself in the bottom 20% of players when the rebuy period finishes so my tactics may well be completely bogus!

[misky]

Re: How do re-buys and add-on's affect value? Thanks for the replies guys. Saw a re-buy tourny last night where the value mark was 750 players and it had 382 entries. There were 259 left at the break. I suppose it could get tough if people keep re-buying thus negating any advantage you have gained on them.

[guesswest]

Re: How do re-buys and add-on's affect value? I think rebuys represent better profit opportunity for a good player and I'll always take a rebuy over a freezeout. There's a few reasons for that, but the main one is just that the play is really bad during the rebuy period, so there's more equity floating about. I also think playing a rebuy as a freezeout, as Dodger mentioned, is an entirely valid approach - although not many people seem to agree. Your variance will certainly be greater than entering a freezeout with the same buy-in and entrants, but your return will be proportionally greater too, and you have a much easier time getting payed off when you hit hands. The conventional wisdom is that a player with positive expectation should always rebuy during the rebuy stage - but I think that's wrong. You may maintain some PE but as chip value declines you're getting less value for your money, so even if you have some PE you have more of it entering another equivalent tourney fresh, I'll normally rebuy only for the first couple levels unless there's some overriding reason, like it being an added value tourney.

[georgej]

Re: How do re-buys and add-on's affect value? You just need to be careful where you lpay these games. I stopped playing rebuys altogether as there were a few nutters that put half their stack in every time they had a fair hand. You may beat them in the longrun, but sometimes only if you are willing to buyin a few times yourself. If there's no limit to the buyin's, i wouldn't bother - but that may be because it doesn't suit my style.

[DAC]

Re: How do re-buys and add-on's affect value? I just ignore the fact that it's a rebuy and have really had some excellent value recently. My site has around 50/50 Freezeouts/Rebuys which means the novelty of the rebuy has worn off for a lot of people and it's a much more normal ish type of game.

[H-Bomb]

Re: How do re-buys and add-on's affect value? It's funny, I used to be opposed to playing in re-buys playing live, but now my trip to the casino revolves around the Monday night re-buy tournament. I had great results in it, but I think it's down to the style I play. It favours the aggressive player before the re-buy period ends. If you can mix your game up and play aggressive before the break and then play a traditional game of poker after it, you should be able to be successful and pick up a nice wedge as well. While I'm not sure it adds more value to the tournament, it also helps if the resident lunatic is at your table and re-buys several times - the player that will push with J-9 off because they can afford to try and accumluate chips because their bankroll is so big. For them, the value is minimal, because they put so much in. I've done £100 on one night (3 re-buys plus and add-on as well as initial fee) and I was sick to see that 10th place paid £110. Play it safe with your bankroll. Don't spend too much re-buying and the value will be there at the cost of others. Usually the guarantee is smashed by the amount of re-buys so it's a moot point most of the time. While I like a freezeout, I prefer the fact that if my K-K runs into Aces, I can put my hand in my pocket and get chips. But, it's all about discipline to ensure that the value is there.