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seen Dec 1 '13 at 20:02

comment Profitability of re-buys/add-ons when allowed
Well, for flat payout structures it is somewhat easy to see if you take an extreme example: Assume 2 seats worth 5k are the prizes, and there are 2 players left with 300k chips and 3k chips - and you with the option to rebuy 3k chips for 25$. This would obviously be very +EV, right? (Reason being that the big stack is worth less $/chip than the small stacks. And this is true for all payout structures (except for winner-takes-all, where $/chip is constant).