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 Originally Posted by Chopper
 Originally Posted by LawDude
 Originally Posted by Airles™
LHE has swings, it's just not as noticeable as NL and it doesn't happen in big chunks. That's the nature of the game. NL is a cold-hearted bitch. It's not uncommon for LHE players to have 100-200BB downswings. And when it does, it's much harder to get back because you can't just go " all-in" when you hit a big hand. So it's kinda pick your poison.
LHE can have huge swings when you have a couple of maniacs at your table. 2 loose aggressive players can combine to make almost every pot 4 to go (i.e., quadruple your cost of seeing a flop) and every flop 4 to continue (again, quadrupling your cost of getting to the turn). Even more than 2 loose aggressive players will result in you rarely if ever having a good read, which means that you will be showing down pots and losing all the time.
leave the table. / downswing
It's never a terrible idea to request a table change / switch tables online if you can't handle the variance.
On the other hand, it's important to distinguish variance from bad play. As long as you are properly rolled, and know how to adjust your play to take advantage of loose-aggressive players, you should be able to make money on them over the long term. You just need to be willing and able to take whatever hits are going to come in the short term.
The key when you keep getting beaten by a maniac is to start reviewing the hands in your mind, and asking yourself if you were making the proper reads, making positive EV plays against their ranges, etc. If you were doing that, and people are simply hitting seemingly impossible suckouts against you, then you shouldn't be that concerned (and if your bankroll is compromised to the extent you are concerned, you are probably underrolled and should move down).
The last time I got felted in a casino, it was due to 3 maniacs who were at a table bidding up the price of every hand. But I reviewed in my mind each of the hands I lost major money on. This one was typical:
I had 9s7s on the button. Maniac 1 raised to 2 bets, Maniac 2 to 3 bets, Maniac 3 caps. This was going on every hand. Everyone else on the table was a calling station and called every capped pot pre-flop-- I was the only one who was folding bad hands. The rest of them figured they had a chance to hit a big pot. I calculated my drawing odds with my suited 1 gappers and called.
Flop comes Ts8d6c. There was a bet and at least one of the maniacs, in MP, raised, I 3-bet, and MP caps, I called and 2 others called.
Turn comes a 4d. Maniac bets, 1 other caller, I raise, Maniac re-raises, other player calls, I cap, he calls.
River is a Td. Maniac bets, calling station calls, I call. Maniac turns over T6.
I lost 18xBB on that hand. Maniac was building the pot with terrible pot and implied odds and negative expected value, even though I had a tight image on the table (by far, the tightest player there) and he knew I wasn't betting weak hands and that I would fold when I thought I was beat. (He had even made fun of me for that earlier in the session.)
Every one of those bets I made had positive EV. But with so many loose aggressive players (and calling stations willing to call them), you simply have to put up with huge variance and lots of suckouts to collect your money in the long run.
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