To add on or not to add on

When playing an MTT-R, the decision about whether to rebuy is quite clear-cut. I almost always rebuy immediately after joining a tournament, before I've even been dealt a hand; I say almost, since I forgot to once :-) Also, I always rebuy (and a double rebuy at that) whenever I hit the felt during the late registration period.

The decision about whether to add on, once the late registration period has ended, is murkier. If I have a big stack, i.e. one which is well about the average, it doesn't make sense to add on, and I generally don't. I used to think it made sense to add on in every case where my stack is below the average, but now I'm not so sure. A good case can be made for not adding on when your stack is well below the average; adding on in this situation is akin to throwing good money after bad.

style flavor buy_in entry players hands entries paid place winnings

MTT-R NLHE    43500  6500       9    92      75   15    13   366000
MTT-R NLHE    43500  6500       9    64      77   18    35        0

delta: $116,000
MTT with rebuys NLHE balance: $12,069,000
2017 balance: $12,978,225
balance: $24,396,055