Rebuy In Poker Tournament

Card Player Magazine, available in print and online, covers poker strategy, poker news, online and casino poker, and poker legislation. Sign up today for a digital subscription to access more than 800 magazine issues and get 26 new issues per year!

What is Rebuy in Poker? Rebuy means to purchase more chips to add to our stack. Rebuying is most commonly performed in cash games, but also makes an appearance in specific tournament formats. Rebuy tournaments allow players to purchase (rebuy) a new chip stack after running out of chips, but only while the rebuy period is still active. For Operators/Casinos they like them because they get to charge rake again, re-buy tournaments mostly don't recharge rake. I have worked for operators who do charge rake again for re-buys but most don't, I think it's kind of bad form personally. They can also count each re-enter as a new player so it makes their numbers look much better. In the long-ago, olden days of the last century, almost all tournaments were freezeouts, meaning you could enter one time only. If you lost all your chips, you were done. There were also a handful.

Please let me encourage you to reach out to me with article ideas and questions for future columns. You can tweet to me at @FossilMan, or send me a message at info@fossilmanpoker.com.

Many tournaments in today’s poker world offer players the opportunity to rebuy, or re-enter, or add-on, or more than one of these options. I first want to discuss the differences between them.

Live tournaments today are more likely to offer re-entry, as opposed to the other options. In a re-entry tournament, for a designated period, any player who is eliminated may return to the buy-in desk, and re-enter the tournament. This almost always involves paying the same total price as when they first entered the tournament, often including the rake paid to the house. Typically, this player is treated the same as a player who is new to the tournament. The re-entering player is assigned a random seat in the field, given the same starting stack of chips, and so on.

In most tournaments, even those with multiple day 1 flights, you are only allowed to re-enter if you have been eliminated from the tournament. I am not aware of any exceptions for same flight re-entry. However, in some cases, usually at the end of the re-entry period, a player may choose to surrender their remaining chips, and can then re-enter. This should only be considered when the player has a truly short stack. It is rarely going to be a positive expected value (+EV) decision to surrender any number of chips, no matter how small.

In some tournaments, a player who bags chips at the end of a flight is allowed to enter a subsequent flight. In some events, that player must first surrender the chips that were bagged in the previous flight. In other cases, they are not required to surrender those chips. If they reach the end of the subsequent flight with chips, they are allowed to go forward with only the larger of the two stacks (referred to as best stack forward). In a very few tournaments, they are allowed to go forward with all such stacks combined.

There are even some tournaments where you take the best stack forward, but are awarded a fixed prize amount, generally deducted from the prize pool, for each stack you surrender. I even know events where there is a bonus prize for the player who surrenders the single biggest stack (that is, the second largest stack from flights they played and bagged), or who surrenders the most total chips (combining all surrendered bags).

Again, such bonuses are generally taken from the prize pool. For this reason, if you are considering playing such an event, but only have time to enter one or two of the starting flights, you might want to spend your time and money on a different event instead. Since the bonus money for these surrendered stacks is removed from the prize pool, you are paying for this loss of equity in the main prize pool. And since you have time constraints on how many flights you can enter, you have no chance at winning any of this bonus money.

Rebuy tournaments still exist in live venues, but are seen more often online. In a rebuy tournament, for a designated period, a player is allowed to rebuy, pay a fee, and get more chips. Most of the time, there is no house rake paid when making a rebuy. In some cases, the rebuy is the same cost as the initial buy-in (minus the rake), and gives the player the same amount of chips. In other cases, the rebuy cost is lower. In other cases, the rebuy gives the player more chips than the original starting stack.

In almost all rebuy tournaments, you can only purchase a rebuy if you have a qualifying stack. Sometimes, this means having zero chips. In other cases, your stack must be at or below some specific number. In most rebuy tournaments, this specific number is equal to the starting stack. In these events, you are qualified to purchase a rebuy before the first hand is dealt. And if you lose all your chips, you can rebuy once, or twice, at that moment.

A key feature of a rebuy tournament is the player doesn’t leave their seat. This means you know your table draw if you continue. When you re-enter, you are reassigned a seat at random, potentially any table in the field. This leads to some strategy when deciding to rebuy. If you have a soft table draw, you almost certainly want to take a rebuy, since you will get to continue playing at this soft table. Contrarily, if you have a tough table, you might choose to not rebuy for exactly that reason.

An add-on is somewhat like a rebuy. In almost all cases, there is no house rake attached to purchasing an add-on. The main difference is that an add-on is typically only available at one moment during the tournament. This moment is always, in my experience, at the end of the rebuy period.

The add-on does not require the player to have a qualifying stack. That is, you can purchase an add-on regardless of how many chips you have. Although not always the case, in most events, the add-on either charges the same price as a rebuy, but gives you more chips; or, you get the same amount of chips, but at a lower price. Anytime the add-on is at a lower cost per chip, you should take it. Even if your stack is exceptionally large, it is still going to be +EV to take the add-on when the cost per chip is greatly reduced.

In my next few articles, I’m going to get into attitudes about re-entry and rebuy tournaments, my feelings about them, and strategy adjustments you should make when in these events.

Have fun, and Play Smart! ♠

Greg Raymer is the 2004 World Series of Poker main event champion, winner of numerous major titles, and has more than $7 million in earnings. He recently authored FossilMan’s Winning Tournament Strategies, available from D&B Publishing, Amazon, and other retailers. He is sponsored by Blue Shark Optics, YouStake, and ShareMyPair. To contact Greg please tweet @FossilMan or visit his website.

How to run a NL Texas Holdem Poker Tournament

Poker tournaments are the most popular form of home poker games. Here, I will teach you everything about Poker Tournament Structure, various poker tournament styles, and more.

If you haven’t decided whether you should host a poker tournament or poker cash game read the Cash vs. Tournament Poker page.

Rebuy Poker Tournament Meaning

Home Poker Tournament Setup

To run a poker tournament you should pay attention to many different factors. Following are most important notes to learn.

Sign Up

Before the tournament starts, every player must sign up and pay the entry fee. It’s best to write down the name of players and mark their names off as they pay.

When each player signs up, you should tell him his random assigned seat too. (refer to the Seating Players section)

Chips Distribution

Before the tournament starts, every player must have poker chips. Since every player will have exact same amount of chips, it doesn’t make much difference as what that amount is. That is because it’s the same for everyone.

The most common starting chips amounts are 100, 1000, 2500, and 10000. This amount can be given in any denominations. However it is good to choose the denominations wisely.

I personally prefer to give 1000 starting chips in my house games. You can give 5 black chips (worth $100 each), 15 green chips(worth $25 each), 25 red chips (worth $5 each).

Any color can be given any value. However certain colors are known to be used for certain values. Almost all casinos follow this color convention as it makes it easier for players to remember the values without any numbers written on the chips. Following is a list of the most common chips colors and their values as well as sample chart for starting chip distribution.

I didn’t suggest “Blue” chips in the above example, because most people don’t have blue chips in their chip cases. However if you have them, you can use them. They are worth 50.

Buy In – Rebuy

Buy In: is the entry fee that every player must pay in the begriming of the tournament in order to be able to play.

Rebuy: happens when players are allowed to buy chips once they loose their chips.

Different buy-in amounts can affect the tournament. Rebuys also affect the tournament in different ways depending on how it is used. These concepts are all covered in the Buy-in / Rebuy page.

Seating Players

To insure a fair poker tournament players should be seated randomly. This can be accomplished different ways such as using marked cards, numbers and more. Seating & moving players page explains the most common methods and how to use them.

Blind Period/Structure

To ensure that the tournament ends in a reasonable time blinds rise every certain number of minutes. For example starting blind might be $10/$20, but after half an hour it will go up to $20/$40. Two factors affect blinds: 1- Blind structure, and 2- Blind Period.

Blind Structure: is the structure that blinds go up based on. Typically the first big blind should be 1/50 of the starting chips amount. Blinds usually double after each blind period. Deeper explanation of this topic can be found in the Tournament Blind Structure page.

Blind Period: This is the time period that blinds are raised at the end of. For example if the blind period is one hour, it means that after each hour through the game blinds should go up based on the blind structure.

Moving Players

In your poker tournament there will be times that players need to be moved from one table to another. Such times arrive when players bust out of the tournament and the tables don’t have the same number of players seating at them. If table A has two, or more players more than table B, a random player has to move from table A to table B.

Check out the Seating & moving players page for more info.

Tournament Payout

Payout: is the prize paid out to the winning player/players at the end of the poker tournament. A payout structure should be decided before the game begins. The payout structure is mainly decided based on the number of entrants.

The Payout Structure page covers this topic in full and includes a table with the most common payout structures.

Final Tips:

• The best form of tournament to use in House Poker Tournaments is rebuy tournament with one or unlimited rebuys.
• You can always hold two smaller/shorter tournaments than two long ones. That would suit a house game better as players don’t have to sit out for a long time and watch other play.
• Use the Tournament Director software. It will make your life much easier.

Rebuy Poker Tournament Strategy

There are many different forms of poker tournaments. The most common form is the Freezeout tournaments. That is the form of WSOP and most of the tournaments shown on TV. In this form (as you read below), once a player loses his chips, he is out of the tournament. This might not be the most preferred method for a friendly home poker tournament. Read on to find out why.

Freezeout

In a Freezeout tournament, players are eliminated once they loose all their chips. There are no second chances. once hosting a freeze-out tournament you should try to make all tables with approximately same number of seated players players. Refer to the seating/moving players page for instruction to achieve that.

Freezeout tournaments are the most popular home poker tourneys. However you should consider Rebuy tournaments as well as they have great advantages for house games. That is because players can rebuy certain number of times. Therefore once they lose their chips they still have a second chance and don’t have to sit out and wait for everyone else to lose (perhaps for a new tournament to start.

Rebuy

As the name states, a rebuy tournament allows player to rebuy chips. Rebuy happens when a player looses his all of his chips or has less than a certain amount of chips left. In such a case the player can buy chips again (if rebuy is allowed). Refer to the Buy-In/Rebuy page for more info.

In a rebuy tournament:

• The rebuy period has to be limited and specified before the game. For example players might be able to rebuy during the first hour or the first 3 blinds and such.
• Players might be allowed to rebuy if they haven’t lost all their chips but have considerably low amount of chips left. For example if everyone started with 1000 chips and the player has less than 100 or 50 chips.
• A rebuy tournament can allow unlimited rebuys during the rebuy period or a limited number of rebuys for each player.

Shootout

Shootout tournaments style can be used in multi table tournaments. In a shootout tournament, every table plays until it is down to one player. Then all the players from different tables advance to the final table and compete for the prize.

In a shootout tournament usually all the players who make it to the final table win a prize. This prize can range from the buy-in amount and up.

Free Roll

Freeroll tournaments are free to enter. However, almost all of them have prizes. These tournaments are most common in online poker websites.

Most of the online poker websites offer weekly/daily freerolls, free rolls for the new members, and free rolls for members with certain number of points.

Recently there has also been a rise in free poker tournaments at local bars to attract customers on slow nights.

Guaranteed Payout/Prize

Guaranteed payout tournaments have guaranteed payouts (if it needed explanation). For example the tournament might have a $109 buy in but guarantees $50,000 prize pool. Therefore, even if there are 250 people playing (meaning $25000 real cash paid for entrance) the prize pool is $50,000. As you might guess, this doesn’t happen very often.

Guaranteed prize pool tournaments are mostly held at online poker websites. While they look very tempting, they mostly end up having more players than what was guaranteed. However, you can find tournaments that doesn’t fill up in less popular online poker rooms.

For example in a $50,000 guaranteed, $109 buy in(the $9 is the tournament fee) tournament there are usually over 500 players. This makes the tournament no different than if it did not have a guaranteed prize.

Heads Up

Heads up tournaments are held between two players at a time. Following are the instruction to host a heads up poker tournament:

• Certain number of players sign up for the tournament.
• Players are divided in groups of 2.
• Heads up games are held between each group of two players.
• The winner advances to a higher level where he paired up with another winner. This continues until the tournament is down to two final players. They play against each other and the winner is determined.

Satellite

Satellite tournaments offer seats to higher level tournaments. For example, 10 players can play a $20 buy-in satellite tournament where the top two winners get tickets into a $100 buy in tournament.

In a satellite tournament, prizes are usually the same. For example the top 3 players in a satellite tournament might get an entry into tournament “X”. If there is still any money left but it is not enough to pay for another entry to the tournament “X”, that money can be given as a cash prize to the next position (in this example the 4th position).

Some larger satellite tournaments offer seats at higher level tournaments for the let’s say top 3 players and cash for the let’s say fourth and fifth position. However the cash prizes is less than what the higher level tournament tickets are worth for.

Bounty Tournaments

A common practice in regular home poker games is having a Bounty. A bounty tournament can be any type tournament mentioned above with the bounty prize.

The bounty is a prize taken out of the the tournament prize pool. It is usually on the winner form the previous week/game. If player A takes out the winner from last week, he would win the bounty. That is regardless of the position that player A ends up at the end of the tournament. So player A could possibly win both the bounty and the first position prize.

Laws Related to Home Poker Games:

In most of the U.S. States it is legal to host a home poker game as long as you don’t take any rake (make any money for the house).

Make sure to check your states’s (or country) gambling laws before hosting or participating in a house poker game.

Rebuy Poker Tournament Structure

Poker players are also required to pay tax on their income.