What is the meaning of ICM in poker?
ICM, or "Independent Chip Model," is a way to estimate the monetary value of your chip stack in a poker tournament based on the remaining prize pool. Understanding ICM is crucial for tournament players because it helps you avoid costly mistakes.
ICM gives you a real money value for your chips and helps you assess the financial risk and reward of your decisions at different stages of a tournament. It considers two main factors:
1. The chip stacks of all remaining players
2. The payout structure
Keep in mind, ICM only applies in poker tournaments, not in cash games.
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