I was wondering if someone would mention live poker in this thread.
I think it can be helpful in live poker because of the reasons you said.
You don't have the chip counts in front of you and you can do the math while you pace.
I did this once in live poker (not every time, like I did not do this when I was going to fold, only did it when I was considering playing). It worked very well in live play, I won both of the sit n gos (8 players and 6 players or so).
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