Thanks, in the game that I am involved in, we are only allowed one rebuy and if its not used then we can purchase an add on at the end of the third blind period
Thats a fairly unusual way of doing it, but if its the way they do it then its the way they do it.
In that case assuming you havnt rebought back in, the best stratagy is to not buy an add-on if the result of buying it would leave you with less than the average size stack or if it left you in a shortstack position (20BB) or pretty close to that (although I cant think how this would ever occur)
If you are above the average chip stack then the best thing to do is to buy the add-on.
You may think its a waste of money.. but reealistically how many chips would you have at this point 20,000? 30,000 .. an aditional 5,000 is still a decent amount and will give you a bit more of an edge as the blinds begin to rapidly increase.
The problem with rebuys and addons is people dont really think about how they effect play in a tournament and thus enter tournaments which they are not bankrolled for.
When a tournament is a rebuy event, you shouldn't look at the single buy-in fee and consider that the cost.
Instead you should allow for 3 or 4 (or more) buyins. The reason is the rebuy allows people to play manically for a while, hoping to get lucky and double up a few times before the break. If they do so they are in a commanding position, if they dont they just buy back in.
With the example of the tournament you enter the cost is the cost of the entryfee + the addon/rebuy amount. Its not really an question of should I risk additional money to play in this event.. more should I only play half the fee for half the chips.
Its something that I would imagine catches many people out on say $300+ rebuys.. people see the fee and think they can aford it but dont factor in thatits a rebuy or add on event.. if they did they would see that the real fee is several times that figure.
Not factoring this in would be a disadvantage in the longrun because you are not giving yourself the same advantage as players who view it this way.
I think the rough rule you should use in your decision for this type of tournament is this.. look at the 5000 chips and ask yourself two things.
1. would you be pleased with a $5000 chip pot win... would that be a good pot or a small one for you at this point.
2. how easily could you fold a hand after putting $5000 into the pot?
If the chips represent a small win which you could very easily fold then its not worth buying. If it is either a big win or a big loss then you should buy it.
As I said, if the buyin still leaves you under the average chip stack.. then its time to get up andleave.