Re: Take all rebuys?
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300 chips (for $65)
two rebuys of 400 chips / $50
add-on of 600 chips / $50.
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Is it really $65, or is it $50 to the prize pool, and $15 to the house? It makes a difference, because the $15 is gone, while the money that goes into the prize pool is what determines the average value of each chip in the tourney. I'm going to assume it's $50 + 15 to enter.
Well, the add-on is such a good deal, everyone should always take it. Anyone who doesn't take it has made a mistake to even enter this event. And everybody has to make the original buyin, of course. Thus, looking at these two things only, you pay $100 for T900, 11 cents per chip.
The rebuys cost $50 for T400, which is 12.5 cents per chip, or MORE than the average cost of the non-rebuy (buyin + addon) chips. Thus, you should take as few rebuys as possible, preferably none, as you're paying almost 14% more per chip for the rebuy chips as for your other chips.
Now, this all assumes you're a player of average skill in this event. If you're well above average, then you should take all the rebuys you can, because those chips, IN YOUR HANDS, are worth more than their nominal value. So, if you're enough better than the field, you can buy chips that cost more than average, and still turn a profit on that purchase, because you will win enough more than average to make up the difference.
Later, Greg Raymer (FossilMan)
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