Independent Chip Model
Encyclopedia
In poker
, the Independent Chip Model (ICM) is a mathematical model used to calculate a player's overall equity in a tournament. The model uses stack sizes alone to determine how often a player will finish in each position(1st,2nd,etc). A player's probability of finishing in each position is then multiplied by the prize amount for that position and those numbers are added together to determine the players overall equity.
The term ICM is often misunderstood to mean a simulator which helps a player make decisions in a tournament. Such simulators often make use of the Independent Chip Model but are not strictly speaking ICM calculators. A true ICM calculator will have the chipcounts of all players as input and each players equity as output.
Poker
Poker is a family of card games that share betting rules and usually hand rankings. Poker games differ in how the cards are dealt, how hands may be formed, whether the high or low hand wins the pot in a showdown , limits on bet sizes, and how many rounds of betting are allowed.In most modern poker...
, the Independent Chip Model (ICM) is a mathematical model used to calculate a player's overall equity in a tournament. The model uses stack sizes alone to determine how often a player will finish in each position(1st,2nd,etc). A player's probability of finishing in each position is then multiplied by the prize amount for that position and those numbers are added together to determine the players overall equity.
The term ICM is often misunderstood to mean a simulator which helps a player make decisions in a tournament. Such simulators often make use of the Independent Chip Model but are not strictly speaking ICM calculators. A true ICM calculator will have the chipcounts of all players as input and each players equity as output.