The idea is a simple one: First you shove, shove and shove again to get as many chips on your table as possible.
Then you go about collecting all those chips from the weaker opponents you are seated with before the rebuy period ends.
Finally, when the rebuy period is over you sit back and start playing deep-stack poker, miles ahead of the rest of the field.
Of course, one needs to pay close attention to, among other things, the order in which the tournament director is breaking tables for fear some of the chips you covet might find themselves dispersed across the rest of the room.
But a few tweaks aside, this strategy is a sound one that has worked, even in the very recent past.
Flack, who told PL.com following the win he was the one who taught Negreanu the rebuy strategy after learning it himself at small-stakes tournaments growing up in Montana, spent $33,000 rebuying in that one. While it meant he'd need to make 12th place just to get back in the black, he wound up winning and taking home a tidy little $577,725 payday - Not bad for a $33k investment.
Much of the new generation of young Internet poker pros understand this rebuy strategy all too well. In fact, bankrolls are built and decimated everyday in one of the most hotly contested tournaments on the web - the $200 Rebuy on PokerStars.
I first met Jamie "TheChronic420″ Rosen while he was playing that very same tournament. It was in Foxwoods where his buddy Adam "Akat11" Katz had managed to make the final table of the 2008 Foxwoods Poker Classic.
Katz and I headed back to his room to continue a conversation we were having and there we found Rosen and three other Internet poker junkies all watching him pwn the Rebuy. A questionable shove into a player he had just picked off bluffing ended his tournament that time around, but he's certainly found the rebuys to his liking here at the WSOP.
Rosen made the final table of the first $1,000 Rebuy here at the 2008 WSOP, bowing out eighth in Event 5 for a respectable $79,587 cash. As I write this blog tonight, he's leading Day 2 of the other $1k Rebuy with over $900k in chips and only 15 players remaining.
The player Rosen leapfrogged to take the lead is none other than online legend Scott "SCTrojans" Freeman, whose last big score online came in the - you guessed it - $200 Rebuy on PokerStars back in November.
Odds are these two Web poker studs will make this final table and either would be a good bet to win his first piece of WSOP jewelry in the process.
In between bad beat stories several of the old rocks (aka live donks) who inhabit the Rio in June and July can be heard regularly complaining about the all-out maniacal style "Internet kids" like Rosen and Freeman often employ.
But if the old guard does not start seeing there's a method to this madness, especially in a rebuy tournament, they can start kissing their own chances at WSOP glory goodbye.