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Rebuy MTTs

edited October 2011 in The Poker Clinic
What is the best +ev strategy for unlimited rebuy tournaments such as the £1k gtd PLO? Be agressive early, even if it costs a few rebuys, to build a good stack before the break? Take a rebuy asap to become the big stack at the table? Always take the addon?

For a player who can't go the aggressive route due to BRM is it even worth playing? Assuming equal skills, who will make more profit long term, the aggressive player who spends extra to have a big stack more often or the br nit who only goes for the buy-in + add-on and has to run really well to be competitive?

Comments

  • edited October 2011
    Tough question imo , i like to rebuy st8 away , BUT as you say brm can mean some players cant do this.
  • edited October 2011
    i played the omaha last week didn't rebuy didn't add-on but was still aggressive fwiw i'm far far far from a BR nit lol just set myself the challenge of going the whole tourney without rebuying or adding on and made sure i got paid max with nut hands

    you can still be hyper aggressive whether you plan to rebuy/add-on or not i don't think that dynamic changes much just play it as if it is a normal freeze-out all the people rebuying and adding on are just boosting the prize pool, as long as you get your chips in the middle good at the time there is not much more you cn do apart from hoping to hold

    fwiw here comes my little brag i ended up coming 3rd last week helped that all through the tournament i seem to get the best table draws with some of the less experienced omaha players which helped as i was getting paid much more on nut hands than i should of been but hey we all need a bit of luck along the way mine came in the form of perfect table draws and rarely any raising pre

    but i think whether you can afford to rebuy 30 times or afford not to rebuy it doesn't really change as everytime they rebuy they are still going to have the same starting stack if they want to continue to donate take it with open arms and get involved, thats what i did and things went well for me although it helped that i knew what i was doing where as some don't really have much idea other than they start with 4 cards instead of 2 and that they can only use 2 of the hole cards lol and i found that it tended to be these players on my table who continued to rebuy over and over until they had reached there target of rebuys what ever that may be some rebuyed twice one other rebought i think it was 4 times and still busted before the break
  • edited October 2011

    Loads of players on sky wont approach the rebuys properly, many will have the buy in only, and never rebuy or add on.

    So as you're a PLO/PLO8 specialist, it would be mad for you to not enter the 1 proper PLO tourny that sky has per week.

    even if you only spend the buy in you'll still probably show a good profit on the tournament over time, due to the number of PLO novices playing in it, and also the % of the field that will be taking the same, sub-optimal rebuy strategy as you are.

    With your bankroll tho (from the profit thread) it's probably right on the limit and the best way to assess wether a rebuy can be justified is to think about every situation individually in terms of table draw, situation in the tournament, how you're playing how confident u are etc etc....

    Same with add ons.

    I'd happily stake a PLO specialist a couple of rebuys in this tourny as alot of players dunno what they're doing! Including myself! lol Maybe a mate of urz can help out and u can attack the tourny properly?
  • edited October 2011
    Nice post DOHHHHHHH.

    You are absolutely right, it would be madness for me not to play the one proper PLO tournament on offer here and I am easliy rolled for a rebuy or 2, and if I have a decent stack at the break I will take the addon.

    In my opinion the number of novices playing works both ways. If you get nut hands you are more likely to get paid, but if you don't you're less likely to get the odds to draw as other player will overvalue/overbet their marginal hands or you will be at a higher risk of being outdrawn because some just won't fold, so more hands at showdown. It feels like the already high variance of Omaha gets even higher once you introduce less experienced players.

    I guess I'm trying to figure out if with the higher variance and the overlay attracting some much better players than me I will cash often enough and high enough to justify increasing my average outlay from let's say £11 to £22. I'll give the immediate rebuy a try at some point and see how it goes.
  • edited October 2011
      I have no real expertise when it comes to rebuy strategy but i have heard a lot of talk of entering these tournies with the expectation of 1 or 2 rebuys and an add on.

      So the natural thought progression is that with a PLO rebuy you should be looking at the same if not more because of the higher variance in the game.

     As we all know people will chase virtually any draw in PLO whether they have the odds or not and with the added crashmat of the rebuy it will be impossible to make people fold any draws. Although this can lead to a good solid player building up a big stack without the rebuys you can easily lose large amounts of chips when people hit their miracle cards when they should not have even been involved in the pots to begin with. I can imagine that in the first couple of levels that you will be seeing flops 5 or 6 way( even if raised) because people will be trying to get involved with all manner of hands hoping to hit lucky.This is exactly the startegy that takes PLO into ultrahigh variance because it will be impossible to get even a remotely sensible read on possible holdings.


      So as i said for truly optimal play for yourself i think you need to be looking at having the rebuys at hand if you need them but try not to use them if you can. Sometimes we know we are not playing well and rebuying under those circumstances is just throwing money away.
  • edited October 2011
    In Response to Rebuy MTTs:
    What is the best +ev strategy for unlimited rebuy tournaments such as the £1k gtd PLO? Be agressive early, even if it costs a few rebuys, to build a good stack before the break? Take a rebuy asap to become the big stack at the table? Always take the addon? For a player who can't go the aggressive route due to BRM is it even worth playing? Assuming equal skills, who will make more profit long term, the aggressive player who spends extra to have a big stack more often or the br nit who only goes for the buy-in + add-on and has to run really well to be competitive?
    Posted by Giant811

    I think there should be only 1 rebuy per person before break and one after. Endless rebuys before break ruins it as some people play any cards to double up.  Maybe that would slow down crazy play and  u would now u had buyin price plus two other buyin options if u wanted. So for example £1.10 rebuy tourni with my new rule u could only spend £3.30 maybe a good idea??
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