Independent Chip Model
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 player's overall equity.
The term ICM is often misunderstood to mean a simulator that 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 chip counts of all players as input and each player's equity as output.
- The range of hands that a player can move all in with, considering the action so far and the stack sizes of the other players still in the hand
- The range of hands that a player can call another player's all in with, and recommends either calling or moving all in over the top, considering all the stacks still in the hand
- When discussing a deal, how much money each player should get
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- Harrington, Dan; Robertie, Bill (2014). Harrington On Modern Tournament Poker. Two Plus Two Publishing LLC. ISBN 1-880685-56-6. Harrington discusses the ICM on pages 108-122.
- Collin Moshman (July 2007). Sit 'n Go Strategy: Expert Advice for Beating One-Table Poker Tournaments. Two Plus Two Publishing LLC. pp. 122–. ISBN 978-1-880685-39-6.
- Jonathan Grotenstein; Storms Reback (15 January 2013). Ship It Holla Ballas!: How a Bunch of 19-Year-Old College Dropouts Used the Internet to Become Poker's Loudest, Craziest, and Richest Crew. St. Martin's Press. pp. 17–. ISBN 978-1-250-00665-3.