re: Poker & fulltilt getting rid of low stakes rebuys?
Originally Posted by roland cote
I really don't like the rebuy tournaments anyway. What's the big deal if your onely adding a couple of buck to the tournament.
If you bust out you should be out. Period.
Because it's not only you adding a couple of bucks to the tournament, its everyone else.
Imagine if its a $1 rebuy tournament with $10K Guranteed. 5K max players join.
Thats already a prize pool of $5000 (entrants) + $5000 (Site meets gurantee) = $10,000
Now lets say everyone takes the add on option early on = $5000, 50% double rebuy after busting = $5000, and 50% take the add on option when rebuy ends = $2500.
So, if it wasn't a rebuy, you would only be playing for a $10,000 prize pool. Instead, you can add on an extra $10,00 and be playing for a $25,000 prize pool for $3. The prize pool could be more/less depending on how many add on early, how many rebuys there are, and how many add on late. Either way, you're potentially playing for a huge prize pool for a small buy-in.
How is this different than playing a $3 non-rebuy tournament for a similar prize pool? You're paying much less rake since rebuys dont charge rake. In a $3 MTT, rake might be .30, but buy-in 3x in a $1 rebuy, rake is only .10 ($1 + .10) x 3 = $3 + .10. This might be a bit trivial for lower stakes, but lets say you're playing $100 + 9 buy-in rebuy x 3. You're paying $300 + $9 rake = 3% rake charge. Compared to $300 + $27 non rebuy MTT = 9% rake.
Sure, it might seem like it's giving players extra chances to win it and beat you, but these players are also giving the opportunity to win a much bigger prize than if it werent a rebuy. So, while there are risk there is definitely a lot of reward in these.
I like the $1 rush rebuy MTTs, but really wish they would add $1 135 seat rush SNGs...