Faldo 9th in an UB Rebuy Event

My (AK) and a flop of [AJT] ran into trip 8's on the turn. Oh well.

Two hundred and thirty three (233) entered and Faldo managed a final table appearance. I never had to re-buy, but I took the re-buy option as soon as my chips dipped below the minimum when the blinds passed me and the double add-on at the break.

Many pros swear by Re-Buy tournaments because of their value. You paid the tournament juice (10% usually) only once and buy the rest of your chips at the flat entry fee amount.

So if the tourney is a $10 buy in, you would pay $11 to enter. But the re-buys are only $10. Many pros will enter a $1000 + $100 re-buy tourney and re-buy nine times ($10,100), rather than enter a $10,000 + $900 ($10,900) tourney.

The fields are much smaller and the cash is paid to a lesser number of players. Where the WSOP $10,000 event with 6,000 entries pays around 500 places, The $1,000 event will pay only 200 places in a 2300 player event.

In 2006, Daniel Negreanu once re-bought 48 times in a WSOP $1000 Re-buy buy event before busting out. He would have had to finish 8th to make his money back.

In 2004, Daniel re-bought 28 times in the same event, but finished 3rd netting a $100,000 prize for a nice profit ($72,000).

Now back to us mere mortals. Remember what I said about volume. Edge divided by variance (EV) times number of events equals profit. EV x N = P. For those of you going to school in Ann Arbor or that have, ignore this paragraph. No sense giving yourself a headache.

Consider entering a $1 re-buy tourney with the plan of re-buying or adding on three times (total cost, $4.10), rather than a $4.40 tourney. Remember, juice kills bankrolls.