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limit has higher variance- meaning you can win or lose more money than no-limit. luck is a greater factor in individual sessions than no limit.

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Is that really true? I'm a noob limit player but over the past year of my poker existance I've always heard it was the other way around.

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I think if you play no limit well, it's true that the variance is lower. If you play it badly, it's high variance and -EV.