New Posts For Thread: what is icm?https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icmcan someone tell me the formula please? I know chip-chop formula, which is obviously mathematically proper and fair, but i often see people discussing deals on stars and wanting icm, but im curious how this differs from chip chop equity. All im awarI'm not sure what chip-chop calc you are referring to. I do know that some chip equity calcs can result in a value of greater than 1st prize for the a large chipstack, so that to me indicates that it is a flawed method. ICM models are accurate in thttps://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=514071841#514071841I'm not sure what chip-chop calc you are referring to. I do know that some chip equity calcs can result in a value of greater than 1st prize for the a large chipstack, so that to me indicates that it is a flawed method. ICM models are accurate in tWed, 21 Dec 2011 08:32:20 -06001000 0 0 0.33 200 800 0 0.33 400 0 600 0.17 200 200 600 1000 0.056 600 400 0.056600 400 0.056Nice 1.https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=514053075#5140530751000 0 0 0.33 200 800 0 0.33 400 0 600 0.17 200 200 600 1000 0.056 600 400 0.056600 400 0.056Nice 1.Tue, 20 Dec 2011 17:41:23 -0600Thx dave for your v informative reply. It still seems a bit incongruous to me though, that when you think what level of complexity that a mathematical formula can solve, that there isn't a relatively simple formula that can solve what is basically ahttps://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=514041213#514041213Thx dave for your v informative reply. It still seems a bit incongruous to me though, that when you think what level of complexity that a mathematical formula can solve, that there isn't a relatively simple formula that can solve what is basically aTue, 20 Dec 2011 13:49:54 -0600ICM is based on the gamblers ruin equation where the probability of winning a tournament is in proportion to the chips held. The complexity arises from the different payouts for different finishing positions. Imagine a tournament where there are twhttps://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513990907#513990907ICM is based on the gamblers ruin equation where the probability of winning a tournament is in proportion to the chips held. The complexity arises from the different payouts for different finishing positions. Imagine a tournament where there are twMon, 19 Dec 2011 10:03:13 -0600LOL, it would make your brain expand to three times its normal size just thinking about it. Which is why you need a calculator or software incorporating it to run it. I believe it a series of mathematical equations which assume all players will playhttps://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513964695#513964695LOL, it would make your brain expand to three times its normal size just thinking about it. Which is why you need a calculator or software incorporating it to run it. I believe it a series of mathematical equations which assume all players will playSun, 18 Dec 2011 13:25:59 -0600thx for the reply but could you explain the formula please so i know how the figures are reached?thx, sorry for being a bore....https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513963873#513963873thx for the reply but could you explain the formula please so i know how the figures are reached?thx, sorry for being a bore....Sun, 18 Dec 2011 13:00:12 -0600in the example given, the chip-chop equity would go:$8142$6428$5143$4285be interesting to know how icm compares ....https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513963815#513963815in the example given, the chip-chop equity would go:$8142$6428$5143$4285be interesting to know how icm compares ....Sun, 18 Dec 2011 12:58:53 -06007640.336771.025786.034802.59If you had to play for 1k then take roughly 300 off the top 2 stacks and 200 off the bottom two.https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513963717#5139637177640.336771.025786.034802.59If you had to play for 1k then take roughly 300 off the top 2 stacks and 200 off the bottom two.Sun, 18 Dec 2011 12:55:47 -0600so chipfire, as youre obviously a good bloke, could you take me through the following hypothetical example - say there are 4 players left, chipstacks 60k, 40k, 25k, 15k, and the 4 prizes left are $10k, $7k, $5k and $3k, and the tournament rule is thahttps://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513963441#513963441so chipfire, as youre obviously a good bloke, could you take me through the following hypothetical example - say there are 4 players left, chipstacks 60k, 40k, 25k, 15k, and the 4 prizes left are $10k, $7k, $5k and $3k, and the tournament rule is thaSun, 18 Dec 2011 12:45:58 -0600I agree glub, as I stated I use it to ensure I'm playing optimal poker on the bubble of my sit and go's.But surely it would also give players their exact equity at any given stage on the final table of an MTT ?https://community.betfair.com/poker/go/thread/view/94146/28777397/what-is-icm?post_id=513961471#513961471I agree glub, as I stated I use it to ensure I'm playing optimal poker on the bubble of my sit and go's.But surely it would also give players their exact equity at any given stage on the final table of an MTT ?Sun, 18 Dec 2011 11:33:54 -0600