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I'm assuming this is the Pokerstars tournament - and I've played a good number of their rebuys.

You start with 1500 chips for the first $3. Anytime you are at T1500 or less, you can rebuy T1500 for $3 (this means if you are at T0, you can reload to T3000 for $6). At the end of level 4 (one hour), all players may addon T2000 for a final $3. At this point, the rebuys are done and the tournament becomes a traditional freezeout (lose all your chips and you go home).

Rebuys tend to play quite bizarre - people will randomly shove ATC in the rebuy period. Their goal is to build a large stack regardless of cost, expecting to be able to use it to profit later. This means there will be a TON of chips in play early. Generally at the end of the rebuy period, the average stack will be over T10,000.

It is possible to profitably play this tournament on a set budget - the absolute minimum would be $9 (rebuy at beginning, addon at break), and generally $15 or $21 (one or two double rebuys) is a reasonable budget.

However, if you are primarily concerned with bankroll - do not play this tournament. It's not designed to favor players with your strategy and you'll struggle to accumulate the necessary chips.

I would suggest avoiding tournaments in general in what I understand to be your situation, as they are extremely high varience. It's just not worth the risk of going broke. Mix in an occasional tournament, but focus elsewhere - you can make the small steady gains that you need in cash or SNG play.

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I have decided to try it out a few times and see how i do. If i don't cash 5 times in a row then i will stop playing them. But, if i do manage to cash i will win about 8 or 9 times my buy-in back, so i really can afford to fail a few times.
I am playing the $3 re-buy right now and I'm doing quite well. I have found it quite easy to double up a few times, because of the fact that everyone is playing a bit crazy.
All i done was wait for some decent hands then go allin, you will get called by almost anything. So, i think its a good idea, it pretty easy to reach average chips by the end of the re-buy period, and if i cash i get 9 times my buy-in. So, i can really afford to bust out early in these a few times and it will still be profitable.