are re-buy tournaments as dumb as they seem to me?

Adam22 · #1 10-01-2005, 01:21 PM

they seem like a way worse deal than freezeouts to me because to be on an even playing field you have to invest a lot of dead money that doesnt go to the prize pool. is there any real value to playing rebuy tourneys aside from when there are a very small number of players compared to the gauranteed amount ( since tourneys with gauranteed prize pools seem to be the only reason that a rebuy tourney ever makes any sense )?

TwistedEcho · #2 10-01-2005, 01:24 PM

you get to play deepstacked poker which most of the field can't play and don't understand. You also get a nice prizepool [img]/images/graemlins/smile.gif[/img]

#3 10-01-2005, 01:46 PM

I'm not sure what you mean by dead money that doesn't go to the prize pool, could you elaborate?

Adam22 · #4 10-01-2005, 01:57 PM

[ QUOTE ]
I'm not sure what you mean by dead money that doesn't go to the prize pool, could you elaborate?

[/ QUOTE ]

if you enter a 20,000 dollar gauranteed tournament that costs 20 dollars and say so do 99 other people than that means that only 2000 dollars worth of the tournaments gaurantee is covered by the players. so 18,000 of hte prize pool is provided by the site. but if they offer rebuys and add ones, that money doesnt go to the prize pool, it goes straight to the site, to make up for the amount that they put up for hte prize pool so most of the time the site ends up showing a profit and you as a player have to spend more to have a fair shot and than the amount of money in the prize pool is actually less than it would be if you had just entered a freezeout that cost as much as the amount you spent of rebuys and add ons + the buy in.

Adam22 · #5 10-01-2005, 02:01 PM

note: thats just how i understand it works, if im wrong on anything let me know. not trying to come off like a know-it-all.

#6 10-01-2005, 02:04 PM

Ahhh ok, I can see that. On stars, I've noticed the guaranteed numbers for the most part are lower than the actual prize pool because of more people entering/rebuying/adding on.

Still, lets say me and you are equal in skill but you start with 1500 chips, and I start with 3000 because I decide I will rebuy/addon. Let's say you double up twice within the first hour to get to the end with 6000 chips, and I double up twice after rebuying immediately to give me 14,000 chips after addon. Since we are both equal, wouldn't that mean I'd have about 2.3x more of a chance of winning than you, not taking into consideration big stack play?

I'd take the better odds and knowing I play better as a big stack, would gladly take advantage of this.

Rounder1419 · #7 10-01-2005, 02:06 PM

If the rebuy and add ons add up to ver 20k (using your example) then those stay in the prize pool and the prize pool would be 30k or whatever as opposed to the site pocketing everything above 20k. Also, rebuys are prolly not too profitble for sites b/c i will use the stars 10 rebuys, the 1000 that enter only pay a 1 dollar fee and every rebuy and add on is 10 not 11 so stars gets no money form the rebuys and add ons they just get your first entry so it seems like no as profitable for them as other ones

Exitonly · #8 10-01-2005, 02:10 PM

no way.. you get to play deepstacked poker, lottts of money in the pot, and you're paying a damn small entry fee to do so (10+1, for what's equivalent to a 30-100 buyyin)

Exitonly · #9 10-01-2005, 02:10 PM

no way.. you get to play deepstacked poker, lottts of money in the pot, and you're paying a damn small entry fee to do so ($1 fee , for what's equivalent to a 30-100 buyyin)

JohnFR · #10 10-01-2005, 02:11 PM

Your logic isn't quite right, and I think that a quick explantion is needed.
A site provides let's say a $10R with a garauntee of $20k, that means they figure that enough players will play and rebuy/addon enough to cover the $20k. The thing is if they offered a tourney instead that was a $10 freezeout they wouldn't garauntee as high of a prize pool, they might garauntee a prize pool of $5k. The reason is they know that in a rebuy people will spend around 2.5x-4.5x the buyin rebuying and adding on, therefore allowing them to garauntee more than a freezeout tourney can garauntee. Also, ALL money in a rebuy/addon tourney besides the initial entry fee goes to the prize pool, you are essentially playing a $40+1 instead of a $40+4, if you play a $10 rebuy and rebuy 2 times and add-on once. Also, in rebuys there are more chips in play compared to the number of people, which means you can play deep stacked poker which is more +EV to good players than short stacked poker.

Hope this helps.

Cheers!
John