Negreanu's rebuys

eastbay · #1 05-02-2004, 12:11 PM

http://www.pokerpages.com/tournament...715.htm#report

"The elimination of one player from the final table was significant for one bizarre reason. Chip-leader DANIEL NEGREANU had reportedly made 27 re-buys in this event (essentially investing $28,000 in himself to win), which meant that the two-time bracelet winner would need at least an 8th-place finish to ensure a profit. With STAHL’s departure, now NEGREANU would be guaranteed a profit."

Can anyone corroborate this? It sounds idiotic to me, but what do I know.

eastbay

slamdunkpro · #2 05-02-2004, 12:19 PM

[ QUOTE ]
Chip-leader DANIEL NEGREANU had reportedly made 27 re-buys in this event (essentially investing $28,000 in himself to win), which meant that the two-time bracelet winner would need at least an 8th-place finish to ensure a profit. With STAHL’s departure, now NEGREANU would be guaranteed a profit."

[/ QUOTE ]

Yes he did - Phil Ivey was right there with him with I think a total of 23. This was a truly sad display of "money talks".

They should either dump this event or use a "Baltimore" rebuy system. If you start with 1000 chips, you can only reload if you fall below 500 (50%) and, if you bust down to zero chips - you are eliminated

eastbay · #3 05-02-2004, 12:38 PM

[ QUOTE ]
[ QUOTE ]
Chip-leader DANIEL NEGREANU had reportedly made 27 re-buys in this event (essentially investing $28,000 in himself to win), which meant that the two-time bracelet winner would need at least an 8th-place finish to ensure a profit. With STAHL’s departure, now NEGREANU would be guaranteed a profit."

[/ QUOTE ]

Yes he did - Phil Ivey was right there with him with I think a total of 23. This was a truly sad display of "money talks".

They should either dump this event or use a "Baltimore" rebuy system. If you start with 1000 chips, you can only reload if you fall below 500 (50%) and, if you bust down to zero chips - you are eliminated

[/ QUOTE ]

When I hear "re-buy" I think that you can re-buy if you bust. Are you saying in this event, you basically just pick your number of buy-ins, with no limits? That sounds bizarre, and, well, incredibly stupid.

eastbay

benfranklin · #4 05-02-2004, 02:38 PM

[ QUOTE ]
When I hear "re-buy" I think that you can re-buy if you bust. Are you saying in this event, you basically just pick your number of buy-ins, with no limits? That sounds bizarre, and, well, incredibly stupid.

eastbay

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This report http://www.thepokerforum.com/wsop047.htm
shows 538 entries, 534 rebuys, and 262 add-ons. I don't know exactly what the rebuy rules for WSOP events are, but I know the rebuy period for this one was the first two hours. I think the general rule for rebuy tournaments is that you can rebuy any time within the rebuy period if you have fewer chips than the initial buy-in, and you can buy the add-on at the end of the period no matter how many chips you have. Negreanu ended up doing OK, winning $100K for his $28K investment, but I can't imagine that it was a +EV proposition.

toots · #5 05-02-2004, 04:02 PM

During one of the Costa Rica WPT tournament events, I seem to remember them talking about Negreanu buying a lot of either rebuys or add-ons. Can't remember if it was this season or last season, but it seems like a pattern: if there are rebuys or add-ons to be bought, he ain't shy about buying.

Kevmath · #6 05-02-2004, 05:15 PM

It definitely was from last season, as there is no event in Costa Rica on the WPT tour. Also it was a $500/rebuys event, and if I remember right both he and Scotty Nguyen rebought at least a dozen times during the period.

Kevin...

Blindfolk · #7 05-02-2004, 07:25 PM

[ QUOTE ]
During one of the Costa Rica WPT tournament events, I seem to remember them talking about Negreanu buying a lot of either rebuys or add-ons. Can't remember if it was this season or last season, but it seems like a pattern: if there are rebuys or add-ons to be bought, he ain't shy about buying.

[/ QUOTE ]

http://www.fullcontactpoker.com/cpar...s.php?id=00052

That's his account of the story. Does Negreanu know when to walk away?

Tosh · #8 05-02-2004, 07:54 PM

Just messing about it seems

Josh W · #9 05-02-2004, 10:49 PM

In Costa Rica Tournies, they are often set up to rebuy many times. They'll have a 100K prize pool built on $10 buyin / $10 rebuy tournies. No kidding.

But a rebuy gets you very few chips (like, 1 big blind), and you can rebuy (when you bust) many times (like 10x or 30x or something).

After they broke down to the final table in the mentioned WSOP event, I was standing next to Daniel. Somebody asked him if he really rebought 27 times. He said "I'd be a bloody fool to rebuy that many times.....I rebought 26 times".

It's actually a fairly reasonable strategy. If you are at a table that won't break for a long while, with mediocre competition, you just put a ton of chips on the table, then win them all. This will get you to the final table with a huge stack (which he had).

There were also sidebets going into the tourny as to who would do more. I don't know if Daniel was party to these, but I know of one huge bet that took place between two other name players. One guy took (Daniel + Ivey), and gave the other person any other FIVE players. Whoever rebought the most would win. If Daniel was in any of these bets, he may have been freerolling with his rebuys...

Josh

Walter Pullis · #10 05-04-2004, 10:36 AM

I have read most of the replies to the original post, and there is another aspect that hasn't been considered. Negreanu has made a fortune playing poker and is considered one of the top players. Even if he had to rebuy 50 times and
could at best "break-even" with a final table appearance, it
might be worth it to keep his status in the poker world. If
I was in his shoes I would do anything possible to keep my name in the poker press as much as possible