Question 1

What is ICM in poker?

Accepted Answer

ICM (Independent Chip Model) is a mathematical model that converts tournament chip stacks into real-money equity based on the remaining prize pool. It accounts for the diminishing marginal value of chips as stacks grow larger.

Question 2

How is a chip chop different from ICM?

Accepted Answer

A chip chop divides the remaining prize pool proportionally by chip count, giving each player a share equal to their percentage of the total chips. ICM is more accurate because it accounts for prize structure and the non-linear relationship between chips and money.