Poker Independent Chip Model
And it's essentially what's called the independent chip mode, or ICM theory. And essentially what it's used for is in tournaments, essentially the value of chips is essentially nonlinear because you're not really trying to just get all the chips. You are trying to last as long as possible and move up the payouts. So I want to now formally. As you have seen, the conversion from chips into real dollars (from cEV to $EV) with the Independent Chip Model (ICM) is not very simple and is very time consuming. You will not be able to compute such ICM calculations in real-time while playing poker.
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.[1][2]
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 well as the payout structure of the tournament, as input and each player's equity as output.[3]
The ICM can be applied to answer specific questions, such as:[4][5]
- 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
References[edit]
Independent Chip Model Poker
- ^Fast, Erik (2012-03-20). 'Poker Strategy -- Introduction To Independent Chip Model With Yevgeniy Timoshenko and David Sands'. cardplayer.com. Retrieved 12 September 2019.
- ^'ICM Poker Introduction: What Is The Independent Chip Model?'. Upswing Poker. Retrieved 12 September 2019.
- ^Walker, Greg. 'What Is The Independent Chip Model?'. thepokerbank.com. Retrieved 12 September 2019.
- ^Selbrede, Steve (2019-08-27). 'Weighing Different Deal-Making Methods at a Final Table'. PokerNews. Retrieved 12 September 2019.
- ^Card Player News Team (2014-12-28). 'Explain Poker Like I'm Five: Independent Chip Model (ICM)'. cardplayer.com. Retrieved 12 September 2019.
Poker Independent Chip Model
Further reading[edit]
- Harrington, Dan; Robertie, Bill (2014). Harrington On Modern Tournament Poker. Two Plus Two Publishing LLC. ISBN1-880685-56-6. 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–. ISBN978-1-880685-39-6.
- 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–. ISBN978-1-250-00665-3.