Re: Why Limit?
Top mid-stakes limit players make 1-2BB/100. Top NL mid-stakes players make 3-5PTBB/100. If you divide by session stdev, it works out to a very similar ratio.
The distribution of NL "returns" has fatter tails than limit, so in the short-run one can experience larger swings (relative to expected return) in NL than limit. This works for some people, doesn't for others. So "why limit" might just be personal preference.
Where the discussion gets interesting is high stakes. If I was a very good player at a table full of pretty good players, I'd rather be playing NL. That is probably what Stox was trying to say. But there is a certain unproveability to that statement because who knows who is good and who is very good? The fat tails of NL can make anyone look great for a while.
Given your history in limit, what winrate do you expect to achieve in NL that justifies a switch? Is that winrate feasible? These are the questions you'd need to ask.
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