Re: Ratholing NL08.
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Essentially, this is coin-flipping with some occaissional fold equity.
The pros: 1) you can make money quickly
2) you can sit with players that are MUCh better than you and still have a chance.
3) you pick up some higher stake antes on a lower stakes buy-in
CONS:
1) You can lose money really quickly
2) You aren't playing poker
3) If you are good, you are giving up the advantages of a large stack and winning big.
4) When people catch on you'll wind up getting the worst of it more often when you shove, AND picking up fewer antes.
5) Sitting out of good games or places where a big stack would be advantageous is hugely -EV.
6) People will rag you incessantly.
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good post. my spin on the big NLO8 games:
I much prefer pot-limit, but I think the fact that the $5/$10 NLO8 game fills in regularly is good for the O8 world overall. It also attracts the most reckless gamblers I've ever seen. An interesting note is that when Idiot29 sits down, the table has a completely different dynamic. He is good at putting others at tilt, but I'm pretty sure he's on life tilt anyways.
I can only imagine how many gamblers have gone broke from this game already, and how many will go broke in the future. I've seen so many unknown players drop $5K in a night that I have to wonder where the money is coming from.
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