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Old 10-20-2005, 04:38 PM
jcm4ccc jcm4ccc is offline
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Join Date: Sep 2004
Posts: 116
Default Re: $11 Rebuy.How much at first break would make the addon not worthwh

[ QUOTE ]

Here's some math to help:

Take the Stars $11 rebuy. 1,500 entrants (T1,500), 4,000 re-buys (T1,500), 1,000 add-ons (T2,000), so a total prize pool of $65,000 and 10,250,000 chips in play.

You have 5,000 chips and are considering whether to add on or not and are an average player.

Assume (and this is the possible catch) that all chips are of equal value because of the massive amount in play, divided up by hundreds of players, and the long distance from the lowest payout.

In this spot, 5,000 chips would be worth 5000/10250000 of the prize pool, or $31.71.

7,000 chips (taking the add-on) would be worth 7000/10252000 of the prize pool, or $44.38.

The difference of $12.67 is your EV for adding on. Since you're only spending $10, it's +EV and you should do it.


[/ QUOTE ]

So what if you only have 1 chip at the end of the rebuy period? Adding 2000 chips increases your prize pool, by your method, by over $12. Do you think you should do it?

I don't think your assumption that every chip is a constant, equal value for every player, regardless of stack size, is at all tenable.
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