Live pro ftw.
Would be really interested to hear your perspectives on live variance (is it greater or less than for online), how much you utilize live reads and how much it affects your otherwise close decisions, among other things. Excuse me while I geek out over here...
There's a lot more comments below so I'll get into it answering those more, but the biggest thing for me is I've played a few 5k+ pots and I'm assuming that's going to be close to a month's worth of ev or at the very least 2 weeks worth.
Also, super congrats on being so close to your degree - that's an awesome achievement and really exciting.
Thanks! Although I always knew I was going back and didn't find the transition difficult at all, it is nice to finally be this close to having a degree. I remember all the people telling me I wouldn't go back or that "everyone says they're gonna go back", so after hearing that a bunch and seeing I was able to relatively painlessly go back and get that insanely expensive piece of paper does bring a sense of pride.
Going to be following this with interest, all the best! Largely to hear how 5/10 plays as well, guessing it's a bit like $50nl or $100nl online, and imagine some games/tables going to be fishier than others.
It's interesting I'm not sure you can compare it to any given online stake level. There are some good regs who are probably closer to 400-1knl regs online, then there's a good amount of really terrible regs who wouldn't beat 10nl online but maybe eek out a slight profit or maybe even lose money a lot of these guys are the retired type who are playing mainly for entertainment and they think they're making money, but I wouldn't be shocked if none of them really need to make money so they don't track it so they don't realize that actually they're losers in the game. Either way though not like I'm going to make much from them after rake in a 9-handed game. Then you have the fish, and there are a ton more fish per table at live than online. Online games usually revolve around one fish and if a 2nd fish sits it's a gold mine. I've found the average amount of whales who are clearly not trying to win long-term per-table is probably somewhere around 3 at a 9-handed table, and the great thing about 5/10 is that as it gets late a lot of the times it will play shorthanded and a lot of the regs will have left. The other day I played 5 hours in a 3-handed game with 2 whales.
So yeah long story short in terms of easy/hard it might rate around 50nl or so, but I think a lot of leaks even good 50nl regs have will be exploited pretty hard by some of the tough 5/10nl live regs (mainly just hand-reading/turning hands face up in big pots), but I'd imagine if you beat 50nl online it shouldn't be hard to just try to play pots with fish and show a profit at 5/10nl live.
Well one could argue that assuming a fair deal both live and online, and the same style of play, that the statistical variance is no different -- it just comes faster with the higher volume of hands in online player.
Realistically though, if a given player's style changes between live and online (e.g. looser/high-variance style in one vs. tighter/low-variance style in the other) which isn't uncommon given the typical difference in play style of most live vs online players, then there very likely is a notable difference. And there's almost certainly a difference in *perception* of variance just due to so much less volume (and less tournament opportunities for MTTers) live vs online. Which is why so many live players new to online don't realize the variance speedup and blame it on rigging instead.
First off 5/10nl live plays MUCH bigger than 5/10nl online. Mainly it's because there's more people making mistakes at live, and that leads to first off them calling more and second off raise sizes by anyone at the table being larger. It's not super uncommon to see 4-way flop action when there was a $40 open and $150 3-bet.
Variance in $ or in bb is probably similar live and online, but neither is a good measure of the way you experience variance. What matters is variance compared to your win rate, and since win rates are ridiculously higher live than online as the fish/reg ratio is much better, the perceived variance is much lower.
I think the bigger factor though is that a good hourly for a 200nl online pro who's playing ~12 tables (or 4-tabling zoom) is probably close to the same hourly for a 5/10nl live pro (and probably bigger if they're getting good rb/doing sne), but the swings in general are a lot smaller.
Wasn't expecting like a million responses to that lol... but to duggs in particular. I think accounting for deep is tricky. If our edge is the same no matter how deep we are then yes, variance would be higher if deeper. But I don't think the consistency in edge is a good assumption. Most live players absolutely suck at playing deep, so if we can do so well, I would think our win-rate sky-rockets when deep.
Well I don't know about other people here, but I know playing deep is one aspect I suck at as well. I've sort of tried to talk a bit of strat to some of the regs I'm kinda friends with on playing deep pots. The only issue is we're opponents so no one's really gonna give me actual good information, and if the roles were reversed I'm the same way. I've blatantly lied about my ranges in some spots when asked a question like that by a live reg, so I'm kinda expecting the same in return. But yeah I know when I get in deep spots against fish it will increase my winrate, and the bad live regs just start nut-peddling when it gets deep, but I wouldn't be shocked if there's a few 5/10nl live regs who have a sizable edge on me when stacks start to get 300bb+ because they've played a ton of pots that deep whereas I just haven't.