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By the same logic, it could make sense to not even take the double rebuy.

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Thought about this some more, and i feel pretty confident about saying that now. double rebuying/adding on/buying back in when you bust and all is +EV, no doubt. But compared to what? It's +EV compared to not doing anything (this is considering you're a winning player). But's NOT +EV than just waiting and investing your $10 in the next tournament. So if time were of no concern, it would be better to just take the single addon, and that's all.

Method A:
You take the double rebuy, you buy back in when you bust, and you addon.
You make a series of $10 'purchases'.
The initla buyyin you buiy $20 of value for $10.
The doiuble rebuy you buy lets say $18 of value for $10.
The addon you buy $19 of value for $10.

Overall you've spent $30 to get $57.


Method B:
You single buyin to a tournament, if you bust you come back tomorrow. Repeat.

You buy $20 of value for $10.
You buy $20 of value for $10.
You buyy $20 of value for $10.

so now you get $60 for $30.



This all might be realyl common sense, but it's a new way of thinking for me, because i never really questioned the profitability of double rebuying. Because i just knew it was a +EV investment. but not necesarrily the most +EV.


edit:

If what i said is close to true. then even single rebuying, and single rebuying if you bust, is more +EV than double rebuying and double rebuying if you bust.