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I actually like rebuy events, though I've never played an O/8 rebuy. Why do I like rebuys? Getting AA, KK or AKs once in the rebuy period often allows you to triple up, so for 3x the initial buy-in (buy-in + immediate rebuy + add-on) you can play relatively tight and smart and come out of the 1st break with 60-100 BB in your stack, thus allowing you to pick your spots in the middle stages and *not* have to gamble so much.
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