General advice needed

[Baloosh]

I apologize in advance if this has already been covered. I'm looking for some general advice on how to handle this tournament format that a local underground club here runs on a nightly basis. Average number of entrants is around 30.

Buy-in is $25 ($20+5) which gets you t1500 chips.
You're allowed up to 3 rebuys total before the first break, each $10, and each one gets you another t1500 chips.
Blinds rise every 15 minutes.

Blind structure:

Level 1: 25/50
Level 2: 50/100
Level 3: 100/200
Level 4: 200/400
{BREAK}
Level 5: 400/800
Level 6: 800/1600
Level 7: 1600/3200
Level 8: 3200/6400
Level 9: 6400/12800
Level 10: 12800/25600

and so on. Blinds LITERALLY double every 15 minutes, and there is never any ante. I've never seen this tournament make it past Level 10. Payout is always to top 3:

1st Place: 50%
2nd Place: 30%
3rd Place: 20%

Since there's no ante, and the blinds literally double, I take the max rebuys immediately (t6000 in chips) in case I hit a monster during the first hour, and can get as much as possible out of all the looser callers who "can rebuy anyway."

Any advice on the best way to maneuver through this one? Thanks in advance.

[MeanGreenTT]

[ QUOTE ]
Any advice on the best way to maneuver through this one? Thanks in advance.

[/ QUOTE ]

Not playing in a 3-table rebuy sit 'n go with one of the WORST structures I've EVER seen [img]/images/graemlins/smile.gif[/img]

[cwsiggy]

push all in every hand and pray- [img]/images/graemlins/smile.gif[/img]
that is a bad structure. Almost as bad as Trop AC's 1k 20+10 rebuy tourney where you get a whole 1k in chips.

[Baloosh]

Is it pretty much like I figured -- whoever gets to hold the luckbox that day takes the cake?

If so, Evan has quite a future in my town.

[Baloosh]

Anyone else have an opinion? Is the a tournament to avoid, or can it be beaten in the long run?

[wpr101]

I'd gamble a whole lot in the beginning especially with cheap rebuys. Also since the blinds are going up so quickly you need to accumlate a massive amount of chips. Why not gamble early if only top 3 are getting paid.

[beetyjoose]

what's up with only getting 3 rebuys?

[Baloosh]

[ QUOTE ]
what's up with only getting 3 rebuys?

[/ QUOTE ]

No idea. I guess it's so that the tournament doesn't last more than a couple of hours, and the house can get the players that much sooner into the raked Live Action side games.

Because if you play in the tournament and then stay for Live Action (3/6 full kill) you get your $5 vig back when you first buy-in to the Live Action. So if you played in the tournament and buy-in for $100, they give you $105. $60 gets your $65, etc.

(And yes, the most common amount used to buy-in is $60.) [img]/images/graemlins/laugh.gif[/img]