Originally Posted by Egon Towst
Guys, this is a subject which has been often discussed here and at other forums and which has been mathematically analysed. Probably the best known analysis is that of Arnold Snyder.
The answer is as follows:
It is always correct to take a rebuy at the earliest opportunity, assuming that you are playing opponents whose ability level is equal to or less than your own. However, if you are "taking a shot" at a game where the opponents are strong, it is better to spend a single buy-in only and hope for some help from the cards.
It is always correct to take the addon, unless you have so few chips remaining that you would be a short-stack and at a severe disadvantage even with the add-on. In that case (but only in that case) save your money.
Good analysis IMO. I know most full time (or pro) rebuy players adhere to this strategy if they are not just utilizing the build stack theory (push & rebuy until you get there). Hardly any people I know who have decent amounts of total winnings in MTTs do not play this way.
That being said, I have played a 1 unit strategy for many years (try not to go above 3 max), although when I was very active on a staking site, the investors MADE me play 3 units minimum when I was backed. You can play a no auto rebuy and addon strategy if you are patient and can get used to playing low stacked.
Can it work? I have Final Tabled the 10r on Stars, the 3r on Stars, the 0.10r on Full Tilt and 1r Dollar on Full Tilt on one unit.