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The main difference that I've found between OL and Live Play for NLHE is this:
(Caution, I'm not exactly a winning player playing NLHE)
It seems to me the best players in the game draw a line in the sand against each player where they know, if they get it all in against that player, they will make money over time.
IE they know that against me that middle pair weak kicker on the flop is the nuts, so they shove, I call and lose my monies...
You see it so often on the boards. "I'm never folding here" or "Get it all in and move on" The generic point for this is a set. It doesn't matter what the board is, who's in the pot, or what kind of action is going on, they want all their money in the pot against everybody with a set.
You play so many more hands per hour in an online game, they are willing to take the most minute of edges in percentags, and expound on that edge by playing more hands and even multitabling.
Since hands are played so slowly ring games at a BnM establishment, you have to be able to read your opponent, and extract money in ways that you can't do on a computer.
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