Add-on question

[naphinfitos]

Ongoing debate between me and a couple of friends.

When is it correct to not take the addon? The specific sitaution was in a $3+R qualifier for the Sunday $215 on pokerstars. I forgot to rebuy before the tourney started, and tripled up first hand. By the end of the break I had a stack of 13,000 which was double average stack. I elected not to take the addon, because I had only invested $3 thus far and didn't think it was worth doubling my investment to gain only 2000 chips. My friends claim that the rebuys are a sunk cost, and that I was wrong to weigh the fact that I had only invested $3, and that I should've rebought. Basically their arguement claims that if I had spent $30 to get a stack of 13,000 or just $3, I should rebuy either way.

What is the correct strategy for rebuys, and is the amount I spend to build my stack a sunk cost?

[Melchiades]

Sunk Cost (definition)
A cost that has been incurred and cannot be reversed.

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Sunk Cost (definition)
A cost that has been incurred and cannot be reversed.

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does this mean im right?

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Sunk Cost (definition)
A cost that has been incurred and cannot be reversed.

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i.e. All costs you have incurred in your life.
Your welcome.
ZZzz

P.S. There really isn't a need for this thread to continue.

[naphinfitos]

we both already knew the textbook definition of a sunk cost. what im interested in is since you have an EV of being in the tourney, does that change whether or not its a sunk cost. so NO

[Lloyd]

Read the FAQ stickied at the top of the MTT home page.

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Read the FAQ stickied at the top of the MTT home page.

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I did. It didn't answer my question specifically. It just says you should almost always add on.

[yvesaint]

raymer did calculations before, you should basically always add-on unless your stack is above what the average would be when you are ITM

[Lloyd]

[ QUOTE ]
Taking the add-on however is all but compulsory, the only real time you shouldn’t be taking it is when you have very few chips at the end of the rebuy period and have given up on cashing in the tournament. In other words, passing on the add-on is tantamount to giving up on the tournament completely.

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I believe this is a fairly complete answer. Not trying to be a jerk. Just trying to point to the FAQ whenever possible.

[ QUOTE ]
[ QUOTE ]
Taking the add-on however is all but compulsory, the only real time you shouldn’t be taking it is when you have very few chips at the end of the rebuy period and have given up on cashing in the tournament. In other words, passing on the add-on is tantamount to giving up on the tournament completely.

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I believe this is a fairly complete answer. Not trying to be a jerk. Just trying to point to the FAQ whenever possible.

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Yea bro, I read the FAQ, and want to know what this is BASED on. Stack size, or money invested, or both?