I'm open-minded about rebuy tournaments, I usually avoid them, but I decided to have a proper go at a £50 guaranteed (£3 + 30p) rebuy tourney this afternoon and used the recommended tactic of taking a re-buy immediately.
Only 2 of us (both sat at the same table) from the 16 starters took the re-buy straight away. It was a useful luxury having twice as many chips as most of the others and it seemed to pay dividends, by the break there only 5 runners left with 3 spots to be paid, the 2 of us who started with the deep stacks were in first and second places without either of us needing to re-buy again. By then the rest of the field bought back in 10 times between them when they busted out.
At the break these were the stack sizes before add-ons;
1. GaryQQQ 26,190
2. player A 15,370
3. player B 7,950
4. player C 3,090
5. player D 2,400
All four of my opponents took the add-on of 3,000 chips. The prizes were as follows; 1st £49.50, 2nd £29.70, 3rd £19.80. Blinds after the break would be 1600/800.
My question is this; Should I have taken the add-on too, increasing my spend from £6.60 to £9.90 for an extra 1.67BB? Or is there more value as chip leader ignoring the add-on and going for the win with the 26K I already had?
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FWIW I did take the re-buy. After an extra 15,000 chips had been shared by my opponents my lead suddenly didn't look so big. It didn't probably didn't make much difference though, I was brutal on the short stacks who were playing a tight game to hang on for the bubble and trying to avoid busting out so soon after paying for their add-ons, then I took the tourney down quite quickly after getting heads-up with a huge chip lead.
The two of us who took re-buys at the start of the tournament got 1st and 2nd places.