What would you say the benefits and risks are for these two different types of approaches.

Which do you feel is better over all, and why?

Also is there a certain time and place to use direct/indirect?

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"Indirect"

It's a very "low-risk" opener, and it gives you a chance to "BUILD" the interaction. You're not forcing her to make her "decision" about you right away (you're going to need some time to demonstrate higher value).

Personally, "direct" game is also a game of "luck". It's a coin-toss, and (chances are) it's not always going to work (especially with: 9's and 10's). Be honest, how many times do you think someone has approached her with something relevant to "direct" game? Now, what separates you from that guy? Her decision is going to be made from her own set of rules, instead of BECOMING attracted to you.

On the contrary: If you see her showing HEAVY "signs of interest", you can jump into "qualifying" her. Why? Because you can assume "attraction" is there. You STILL don't want to "indicate your interest" right away. Let's make her work for it (you need to start the "chasing" process early, it's very important). If you see a HEAVY "sign of interest" and you start qualifying her, but she doesn't give you the right response, revert back into the "attraction" phase.

Basically (in my opinion), walking up to a girl and saying something along the lines of "Hi, I just noticed you, and I think you're beautiful" (blah blah blah) is just "shitty". That's just "shitty-game". She's not going to be attracted to a guy like that. She puts you in a weird category. Sure, she might or might not like you. I don't want to get lucky, I want to have skill.

P.M me if you need me to clarify, or go into more detail.

Direct ftw.

Weeds out all the time wasters (important for an SNL).

Demonstrates confidence, and you don't have to worry about an awkward transition into showing your interest, as if you went indirect.

At worst, indirect-direct, where you just open indirect and immediately transition to direct, good for daygame imo.

Like lolaskate said, I personally use both. Indirect doesn't take time at all, that's how ill do most of my approaches, approaching the group, ignoring the girl I wanna talk to, make friends with the group, make fun of the girl, and then it pretty much snowballs from there. I've done this approach for years and its always worked like a charm. 9/10 if you do your first approach right you won't have to do any work all night, someone in the group if not multiple will begin to kiss your ass and it'll be noticed by the entire crowd then you can use that to transition to different groups. Very very easy once you get it down. Start with indirect on the group, move to direct with the girl and you can start touching back and forth between direct and indirect from group to group depending on their body language.

IMO both can be very powerful

Day Game (shops,gyms,librarys,etc.): Direct is more effective
Night Game (bars,clubs,gigs,etc.): Indirect is more effective

Because anyone can run direct game with fake confidence after drinking alcohol so most girls are being hit on all night by chodes with dutch courage. That's why an indirect tactical approach is often more effective in the nightclubs.

However I do use indirect during day game on girls I see on a daily basis in work for example. Attraction can be built over weeks,months,years this way really good if she isn't single because you can just be friends until she is. But meanwhile I would be gaming as many other girls as possible to avoid the dreaded... ONEITIS!