Re: NL players hold greater edge over lesser opponents than Limit play
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You are assuming your opponents fold I take it because when they call a ton on you in NL you can get stacked over and over again also.
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No, I'm really just passing on some conventional wisdom I'm not 100% sure of.
But I think the theoretical point is that the donkeys who draw out in NLHE are making a bigger mistake to do so, thus it takes less time for their big mistakes to catch up with them. That might affect EV more than variance, though; I haven't really thought through it.
I've certainly shared your experience of getting drawn out on all night. In some ways it's worse in NLHE because you try to trap the aggressive guy when you pick up AA, but he flops a flush with JTs and takes your stack because you're not letting him get away with representing a flush!*
You probably can induce more players to fold in NLHE, but you should be thinking about getting them to call wrongly more than getting them to fold unless they're so weak-tight that getting them to fold wrongly is easier.
*TVBBS
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