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A question for you though: I have often read that NL has less variance. That seems counterintuitive. I mean, one poorly played hand could see you get stacked. One stroke of bad luck could do the same. I would have thought that variance would be greater in NL.
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I used to think the same thing, with the same reasoning, but what that really says is that your best/worst
per hand wins/losses are greater. Usually variance refers to the standard deviation of BB/100 or BB/hr. But first, you need to determine which stakes are comparable between LHE and NLHE. (I asked this in a
post awhile back.) So what I think people are really saying is that if you for a given pair of LHE/NLHE stakes, your SD(BB/100) will be greater for NL.