NL with a Cap...thoughts?

[tsearcher]

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Don't allow rebuys until someone has completely busted out.

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Disagree only with this part. If you want to play a rebuy tourney, play a rebuy tourney.

Rest of your post, I like.

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Yeah, you're right. But I do like to put some restrictions as to when people can rebuy. Something like 20BB's sound good? Or do you just let them rebuy any time? as long as their total stack after rebuy is less than max buy in?