If you play tournaments it is essential you have a knowledge of ICM poker, otherwise you will make big financial mistakes.īefore it was known as ICM, the Independent Chip Model began life as the Malmuth-Harville Formula in 1987. It essentially allows you to get a real money value for your tournament chip stack or to work out the financial risk/reward of a particular decision in tournaments.
It is a model that allows you to convert a tournament players chips into their real money equity as a percentage of the total prize pool. ICM stands for the Independent Chip Model.
