Prior to the 2008 World Series of Poker, tournament officials announced there would be a 117 day break between the second to last day of play and the Main Event itself which we all saw played out in November. Most considered it a success since television ratings and interest in poker exploded. As we go into 2009, participants in the World Series may be in for another change; rebuy tournaments may be a thing of the past.
Its been confirmed that World Series of Poker officials are considering eliminating rebuy tournaments for the 2009 series. World Series of Poker Communications Director Seth Palansky was quoted as saying, “For rebuys, we are simply in discussions on the benefits and drawbacks of having these events as bracelet events. We like rebuys and think they are a fun and exciting game for poker players, but at the same time, we are questioning their place in the World Series of Poker.”
For most tournaments, the rebuy period ends after two levels of play. It has been argued that participants can play loosely during the rebuy period and if their bankroll allows it, they can just rebuy if they're eliminated. For the average player, rebuys make it easier for those with large bankrolls to essentially "purchase" a bracelet and the issue has caused some internal grumbling.
There are a few main examples that illustrate the average players point. In 2006, Poker Stars pro Daniel Negreanu rebought an amazing 46 times and added on twice during a rebuy tournament. In Event #18, Todd Brunson spent $140,000 in rebuys and to justify that amount, would have had to place in fourth just to break even. He didn't even place in the money. During Event #28, Negreanu plunked down $85,000 in rebuys though the gamble paid off for him since he placed in seventh place which paid out $129,000.
Since the introduction of the $1,000 rebuy tournament at the World Series of Poker in 2004, the number of rebuy tournaments has increased each year. Palansky noted, “The bracelet and its prestige are of paramount importance to us and we want to ensure that anyone who does win a bracelet does so because they played the best poker throughout an event.”
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