Independent Chip Model: Difference between revisions
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In [[poker]], the '''Independent Chip Model''' (ICM) is a mathematical model often used in the late phase of a tournament that guides players' decisions so that they can maximize their chances of cashing. Such guidelines take into account, among other things, the players' chip stacks, their position at the table, pot odds, the payout structure, as well as the number of players left at the table and their history. ICM involves estimating the [[expected value]] of |
In [[poker]], the '''Independent Chip Model''' (ICM) is a mathematical model often used in the late phase of a tournament that guides players' decisions so that they can maximize their chances of cashing. Such guidelines take into account, among other things, the players' chip stacks, their position at the table, pot odds, the payout structure, as well as the number of players left at the table and their history. ICM involves estimating the [[expected value]] of the player's possible actions based on a number of factors and deciding on what action to take accordingly. |
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== Factors == |
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The factors used in estimating the expected value of the player's moves typically include: |
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* '''the player's stack size''': players with a short stack relative to their opponents would normally wait for a good starting hand and bet a big portion of their stack (preferably the entire stack in games such as [[No limit texas hold'em]]) in the hope of doubling up; |
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* '''opponents type''': aggressive opponents are likely to bet or raise with a wider range of starting hands than normal, making betting with a good hand against these players statistically advantageous; |
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* '''the player's position''': the position of the player relative to the [[Poker dealer | dealer]] influences the player's decision: a later position is better as the player can base his/her decision on the information gathered from the other players' bets to that point; |
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* '''the player's image''': players that have a history of being aggressive are likely to be paid off when they show aggressive play with a strong starting hand, as the opponents won't usually be able to tell whether they hold a strong hand or not. |
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== References == |
== References == |
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Revision as of 13:09, 8 February 2010
 | The topic of this article may not meet Wikipedia's general notability guideline. (February 2010) |
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In poker, the Independent Chip Model (ICM) is a mathematical model often used in the late phase of a tournament that guides players' decisions so that they can maximize their chances of cashing. Such guidelines take into account, among other things, the players' chip stacks, their position at the table, pot odds, the payout structure, as well as the number of players left at the table and their history. ICM involves estimating the expected value of the player's possible actions based on a number of factors and deciding on what action to take accordingly.
Factors
The factors used in estimating the expected value of the player's moves typically include:
- the player's stack size: players with a short stack relative to their opponents would normally wait for a good starting hand and bet a big portion of their stack (preferably the entire stack in games such as No limit texas hold'em) in the hope of doubling up;
- opponents type: aggressive opponents are likely to bet or raise with a wider range of starting hands than normal, making betting with a good hand against these players statistically advantageous;
- the player's position: the position of the player relative to the dealer influences the player's decision: a later position is better as the player can base his/her decision on the information gathered from the other players' bets to that point;
- the player's image: players that have a history of being aggressive are likely to be paid off when they show aggressive play with a strong starting hand, as the opponents won't usually be able to tell whether they hold a strong hand or not.