"Big Stacks can bully around the Small Stacks" blah blah blah

[Steve]

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in a non-rebuy, big stacks should be able to bully a ton very near the bubble, bully somewhat when you're getting close to itm, and bully only very slightly near the beginning. that's at least if everyone is playing reasonably, and they're trying maximize ROI as opposed to $/hr.


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Ok, that makes some sense. So the advantage of the early rebuy is not in the shortrun, but in the long run as you approach ITM you will have a greater chance of being a big stack who can bully.

Because disregarding that factor, the rebuy is -EV and mathematically no one can say otherwise. If there are 1000 people in a tournament with 1000 chips each who paid $10 to get in, and they offer you the ability to buy in for $20 and get 2000 chips, from a pure math standpoint you should not take it because each chip decreases in value in a percentage payoff tournament. If everyone is an equal player your EV is probably $19.75 or so.