chai gang, 200k-300k a night?

[spoohunter]

You can protect your hand from draws.

[Arsene Lupin III]

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You can protect your hand from draws.

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You can play a lower variance, lower profit game of NL. To maximize your profits, you will play with a great deal of swinginess, but the swings will typically balance out faster than in a limit game, where the effect of made draws is much higher.

Neither game is swingier than the other without introducing a lot of qualifying statements, IMO.

[spoohunter]

[ QUOTE ]
[ QUOTE ]
You can protect your hand from draws.

[/ QUOTE ]

You can play a lower variance, lower profit game of NL. To maximize your profits, you will play with a great deal of swinginess, but the swings will typically balance out faster than in a limit game, where the effect of made draws is much higher.

Neither game is swingier than the other without introducing a lot of qualifying statements, IMO.

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I'm not saying there's not a fair amount of variance in NL... there is in every game. And if you played with the same blinds or something foolish like that, than sure, there's more variance in NL.

But if you play a game with a similiar buy in ($5/$10 fixed $1/$2 NL) there will be less variance in NL, because your pots are often heads up (meaning you are playing for smaller stakes. With 6 players if you win 50% of the time you have much bigger swings than if you're playing pots heads up winning 60-70% of the time for example.)

The nature of NL gives you bigger edges, less often, than fixed limit.

[drewjustdrew]

So the point is that you think your $1/$2 game is played the same way as the $1000/$2000 game played by the big-limit guys. It's all weak-tight too, right?

[Mansavage]

This is untrue in the big game when they play no-limit. With guys like Daniel, Ivey, and Gus playing no limit, they reach that $100K cap very quickly. Reread some of Daniel's blog entries, Gus will often put $100k on a weak draw playing Omaha. When you have players like this the variance can get very high.

[goofball]

yes, 4/8 doesn't run altogether often.

1.5/3 or 2/4 run almost every day.

[JoshuaMayes]

Is the chai gang affiliated with the oolong syndicate?

[RowdyZ]

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I believe him. Seems like the big game has HUGE variance. (Million dollar swings?? That's 125 BB!)

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Having NL/PL in there, even with a cap will do that to you. Absolutely nuts.

I was looking at Daniel's reported wins/losses, and it's pretty clear how much lower the variance is in the "second tier" games (1K and 2K games) since they only have limit games in that rotation.

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You must be going back into the archives, lately Daniel has been posting about playing in the 4k/8k and capped 100K mixed games with swings in the neighbborhood of what Chai is talking about 200K or more a night.
A quote from Daniels Blog [ QUOTE ]
From there though things really started to go well for me. I went on a nice rush making a few wheels along the way and ended up winning $598,000 in about 5 hours which also marks my biggest win in a cash game to date.

It also helps wipe out back to back losses of 250,000 and 190,000 that I'd suffered earlier in LA leaving me ahead about $150,000 after three plays and a total of about 21 hours.


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[theBruiser500]

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yes, 4/8 doesn't run altogether often.

1.5/3 or 2/4 run almost every day.

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where the bellagio?

[psyduck]

why, thinking about taking a shot? [img]/images/graemlins/wink.gif[/img]

man that would be a sweet report.