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I treat them pretty much the same. I mean, seriously, how many times are you truly betting more than the pot? The only hands that call you when that happens should completely own you.
The main difference is that you can try to catch PP sets with abandon, since the maximum raise is only 3.5x the BB if nobody else has done anything yet. As far as postflop, it plays pretty much the same except for one aspect: you can't check the nuts on teh flop and turn and expect to get a gigantic pot. You're probably going to have the bet on one of these streets, but this is still holds pretty true in NL as well. You're not going to get someone to call a massive overbet (5-10x the pot) on the river anyway if they weren't betting beforehand.
PL>NL, just because I can call with PP's easier. But really, the difference is fairily negligible.
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