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However online there are plenty of pros, like me, who play PLO8 and do well enough out of it thank you very much.

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Thanks for sharing, but OP specified "higher stakes" players.

Mike, I think the answer is that the stakes for PLO8 aren't high enough to interest the higher stakes players. Even at the 2k-buyin level, the average PLO8 pot isn't going to get much higher than a grand or so, whereas in 150/300 limit or 300/600 limit, the average potsize is going to be many times that.