ICM (Independent Chip Model)
A model that converts tournament chip stacks into their cash equity based on payouts.
In depth
The Independent Chip Model (ICM) is a method that translates tournament chip stacks into their cash-equity value according to the payout structure. Unlike raw chip counts, ICM accounts for how prize distribution affects the monetary worth of chips, particularly in high-pressure tournament stages. This model provides a framework for assessing equity while considering the non-linear relationship between chips and payouts.
Chinese: 独立筹码模型 (ICM)