Re: How bad is variance?
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Limit has a much higher variance over the long run, but the short term swings are much greater in NL.
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Are you sure? I thought the variance was MUCH higher in Limit altogether.. I've played both and I would say Limit has many more swings.
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I think we agree. I beleive that overall variance is higher is limit. However, the short term swings have a greater variance potential with NL (i.e. you can lose[win] a buy-in (100BB) a single hand while it takes longer to lose [win] the same amount in limit.
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Seems to me a variance damper in NL is the ability to protect hands, apply far more pressure to donks than in limit. Avoids those horrible river suckouts (so often).
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