Hey SilverSag,
Generally live poker is alot softer than online. Online you have alot of players who are playing for a living and have software tools to help them make decisions.
Although when people play live tournaments they want to make money usually especially at £50 tournaments and smaller they are there for the social interaction and not too concerned on the result.
Live poker you can also get good reads on your opponents. Although it isn't crucial, Mike Caro's little book of tells is a really interesting book and although some people would argue that it is dated it is still very relevant for small buy in local tournaments.
Although there are tonnes of positives about live poker of course you have to remember the negatives.
1) If you lose in the first 10 minutes you have to drive home and generally waste alot of time (this will effect your hourly rate ofc)
2) You get dealt alot less hands per hour compared to online. Online you can get 70+ hands per hour depending on the table and if you are playing 5-10 tournaments is over 500 hands an hour. Live poker you can expect to get dealt anywhere in the region of 10-30 hands per hour in a live tournament. For this you will need fantastic discipline to ensure you don't do anything stupid and keep your tournament life
3) Live tournaments sometimes pay upto 30% of the players. For example you could be playing in a tournament with 40 people and they will sometimes want to pay the WHOLE final table. Obviously we don't want this and would prefer a more aggresive prizepool
Congratulations on your 3rd place finish, keep us updated on your Live Poker progress and next time maybe you will take the gold medal away?