The following graphs are in my estimation the result of high rake vs skill RATIO. I played as a pro online from 2002 to 2013.
They show the contrast of playing on pokerstars/fulltilt mid to high stakes vs WPN low to mid stakes.
($300,000 total won vs negative win rate!!!)
I considered myself one of the better regs in the hi/lo
limit games...
Advancing poker theory started noticeably narrowing the skill gap around 2007 onwards.
Unfortunately rake increased as well making the lower limits virtually unbeatable without rake-back.
This rake/skill ratio is even harder to overcome in limit than big bet poker imo.
Most people just assumed it was the enticement of big bet poker that killed limit games, but i know better.
First graph is from pokerstars/fulltilt from around 2007 to blackfriday.
Second graph is from WPN from the last year or so.
Decent sample sizes..The effects of the rake/skill environment are clearly evident.
I only included 3+ handed...I actually think heads up rake is somewhat fair.
Negreanu (who has a limit background), never had to sustain a permanent living in the online trenches,
so he's really relatively inexperienced compared to me in this specific online environment.
I believe these games could be revived again: Lower rake 50% in the 5-10 and lower limits.
Lower rake 25% in the 10-20 and higher.
Really what to do the sites have to lose? Limit has been near extinction for too many years to count.
It would also make for an interesting case study/experiment by the sites:
does significantly lowering rake have a big impact on the poker ecosystem?
Does the lure of beatable/skill dominant games attract and maintain a player pool
enough to overcome the lower revenue per player?