Katie Dozier
Poker Expert
Silver Level
That’s great to hear, way to go!
xOneCoolHandx
Legend
Bronze Level
spectralwave
Visionary
Bronze Level
Icm is an algorithm that calculates the probability of arriving at each position of the prize taking into account only our stack, disregarding the feasibility or other factors calculating this probability of arriving at each prize, it finds the value of our chips in cash.
David macdonald
Legend
Bronze Level
This is my most enjoyable one yet, liked this and I have saved the calculator in my bookmarks.
Important tool to use at final tables, helps you make better decisions based on your equity from the prize pool against teh stack sizes.
Thanks
Important tool to use at final tables, helps you make better decisions based on your equity from the prize pool against teh stack sizes.
Thanks
barbados
Legend
Platinum Level
I looked with interest at an example of a program for a successful poker game and realized that this is not for me. I'm an incorrigible romantic.
BetterThanAvgButNotByMuch
Visionary
Bronze Level
Skipped days 10-13 because I didn't like the draw lesson, wasn't interested in it and its long. Found something that I'd be interested in still in the 2nd week.
Day 14: What is ICM
Collin defines ICM as a "model that convert everyone's chip stack in a tourney to their dollar equities, ie, it converts tournament chip into a cash value".
I googled the icm calculator for final table deals and it shows how it converts everyone's chips to a cash value.
Tidbits out of the presentation:
"Ways to increase your equity are to increase chip size and watch folks bust out of the tourn".
"You can't use icm in cash games and heads up SNGs."
Probability You Win Tournament -= (Your Chip Stack) / (Total Chips in Play)
So the icm shows how much your chips are worth during a tourn or sng and you raise your chip equity by getting more chips or as people bust out of the tourn something like playing Monopoly in a way, I guess. You see it when folks are trying to negotiate deals at final tables and we can use to just understand how our chips have actual cash value when we're playing an SNG or tourn or this is pretty interesting. I bet a lot of folks wouldn't shove all in preflop with trash hands early in these freerolls and low stakes tourns if they got this but maybe they still would, lol.
The second part of the presentation talks about using icm calculators "to help figure out when to shove or fold preflop". Collin uses the push-fold Nash strategies at Holdem resources that can give you a shove range by your chip count, payout structure and so forth and says they'll go into this in more detail later. Something I'm interested in now.
Review questions were straight forward and I didn't have a problem with it, so happy.
take 250 * 1.13% or (.0113) =2.825 if you've forgotten how to multiply percentages then guesstimate 1% of $250 is $2.50 so it has to be something like $2.50.
if one of the 4500 busts the 4400 then everyone equity goes up but by how much?
100, 4500+4400=8900, 4500 so plug the numbers n the calculator
plug that in with 3 players:
100= 20.40
8900=43.12
4500=36.47
compared to before: 4 players
100 = 1.13%
4500 = 33.04%
4500 = 33.04%
4400= 32.78%
The 100 chip person got the biggest boost, a dramatic boost. When I was doing this before Collin gave the answers I was surprised to see how dramatic the equity increase in the 100 chip stack. Something to think about when these folks are busting out of a tourns.
But I forgot that this was a SNG where the top 3 cash so they get at least 20% equity so the answer was really given and you didn't have to do the calumniation, lol. good practice though. So this example highlights bubble play in a SNG or a tourn.
Tidbits from the ebook:
"In a tournament the play that wins you the most chips isnt necessarily the one that wins you the most money"
"You don't double your equity from doubling your stack" unlike in a cash game where you do.
"ICM can give us specific ranges to get all in with preflop". That's something I'm looking forward to learning more about.
Really great, straightforward lesson and I'm going at least look at another lesson today.
Day 14: What is ICM
Collin defines ICM as a "model that convert everyone's chip stack in a tourney to their dollar equities, ie, it converts tournament chip into a cash value".
I googled the icm calculator for final table deals and it shows how it converts everyone's chips to a cash value.
Tidbits out of the presentation:
"Ways to increase your equity are to increase chip size and watch folks bust out of the tourn".
"You can't use icm in cash games and heads up SNGs."
Probability You Win Tournament -= (Your Chip Stack) / (Total Chips in Play)
So the icm shows how much your chips are worth during a tourn or sng and you raise your chip equity by getting more chips or as people bust out of the tourn something like playing Monopoly in a way, I guess. You see it when folks are trying to negotiate deals at final tables and we can use to just understand how our chips have actual cash value when we're playing an SNG or tourn or this is pretty interesting. I bet a lot of folks wouldn't shove all in preflop with trash hands early in these freerolls and low stakes tourns if they got this but maybe they still would, lol.
The second part of the presentation talks about using icm calculators "to help figure out when to shove or fold preflop". Collin uses the push-fold Nash strategies at Holdem resources that can give you a shove range by your chip count, payout structure and so forth and says they'll go into this in more detail later. Something I'm interested in now.
Review questions were straight forward and I didn't have a problem with it, so happy.
take 250 * 1.13% or (.0113) =2.825 if you've forgotten how to multiply percentages then guesstimate 1% of $250 is $2.50 so it has to be something like $2.50.
if one of the 4500 busts the 4400 then everyone equity goes up but by how much?
100, 4500+4400=8900, 4500 so plug the numbers n the calculator
plug that in with 3 players:
100= 20.40
8900=43.12
4500=36.47
compared to before: 4 players
100 = 1.13%
4500 = 33.04%
4500 = 33.04%
4400= 32.78%
The 100 chip person got the biggest boost, a dramatic boost. When I was doing this before Collin gave the answers I was surprised to see how dramatic the equity increase in the 100 chip stack. Something to think about when these folks are busting out of a tourns.
But I forgot that this was a SNG where the top 3 cash so they get at least 20% equity so the answer was really given and you didn't have to do the calumniation, lol. good practice though. So this example highlights bubble play in a SNG or a tourn.
Tidbits from the ebook:
"In a tournament the play that wins you the most chips isnt necessarily the one that wins you the most money"
"You don't double your equity from doubling your stack" unlike in a cash game where you do.
"ICM can give us specific ranges to get all in with preflop". That's something I'm looking forward to learning more about.
Really great, straightforward lesson and I'm going at least look at another lesson today.
mariussica88
Legend
Platinum Level
Finished day 14...16 to go
When I started playing poker 10 years ago I had no idea what ICM means, but after I played for couple of months, I discovered ICM Trainer, and it was game changer for me. It helped me a lot to understand whether to push or fold...…I still use it now for some Push/Fold scenarios. Any tool that helps you guys understand the meaning of ICM and the decision taken at a poker table is a must have, in my opinion. It will only improve your game.
GG on the lesson today. Loved it.
When I started playing poker 10 years ago I had no idea what ICM means, but after I played for couple of months, I discovered ICM Trainer, and it was game changer for me. It helped me a lot to understand whether to push or fold...…I still use it now for some Push/Fold scenarios. Any tool that helps you guys understand the meaning of ICM and the decision taken at a poker table is a must have, in my opinion. It will only improve your game.
GG on the lesson today. Loved it.
C
Chase
Rock Star
Silver Level
ICM - the "intellectual" chip model perhaps? Who knew tournament play was so scientific. It make sense to a point, but I'm definitely going to need to do some homework on this one.
One clear takeaway though was how important it is not to bust before your time, or not to take unnecessary risks later on in a tournament. Just sitting around doing nothing can be quite profitable.
One clear takeaway though was how important it is not to bust before your time, or not to take unnecessary risks later on in a tournament. Just sitting around doing nothing can be quite profitable.
Atararo14
Visionary
Platinum Level
Day 14 finished.
ICM is a very important concept in poker.
The quiz answers :
1. The equity in dollar for player who has 100 chips is 2.825.
2. If player who has 4500 chips busts player wih 4400 chips, the equity of other players will increase.
3. The player with 100 chips will be ITM, so he will have a little more than 20% equity.
ICM is a very important concept in poker.
The quiz answers :
1. The equity in dollar for player who has 100 chips is 2.825.
2. If player who has 4500 chips busts player wih 4400 chips, the equity of other players will increase.
3. The player with 100 chips will be ITM, so he will have a little more than 20% equity.
Eduard0Felipe
Visionary
Bronze Level
Wonderful, another great topic addressed, I still don't use it often, since I'm not yet reaching the final tables, but this will happen soon and I want to use and abuse the ICM, who knows, who knows how to reach the final table with the biggest amount of chips, pressing the middle stacks... I didn't hear anything about it in the video, but the subject will certainly be mentioned in a future video, since there are still 16 classes, even so I will mention it here, when you are eliminated in a certain placement , you win a certain prize, being at the final table, the difference in the amounts paid is usually large, so for you to be eliminated in seventh place, when you had chips that left you in third, it is a huge loss, so it is always very important to keep an eye out in the stacks and in their placement, if you are going to pressure other players, there is pressure on the leader and the one with less chips too, the leader because he can eliminate you and the one with few chips no longer has much to lose, since he is in last I really do, I hope I made myself clear.
14/30.
14/30.
Gutshot Gus
Visionary
Platinum Level
I had always used (chips in play) / (prize pool).
In the example given in the lesson we had 15,000 chips in play and a $100 prize pool.
That put the value of each chip at $06.6 per chip.
Us chickens don't have computers so we did it this way.
In the example given in the lesson we had 15,000 chips in play and a $100 prize pool.
That put the value of each chip at $06.6 per chip.
Us chickens don't have computers so we did it this way.
jonasz warzecha
Visionary
Platinum Level
Amazing tool
I’m just discovered the circle in today topic
The way he crates pre flop ranges is amazing,
Will Spend days studying calculations.
Anyway when you changed the stack from 4500 (adding 4400) and put 9900 I just for a split of the second thought that there is something which I missing and never master it l but you correct yourself quickly
Small at stack has 2.85$
from 1.13% to 20 % on bubble that’s worth waiting
I’m just discovered the circle in today topic
The way he crates pre flop ranges is amazing,
Will Spend days studying calculations.
Anyway when you changed the stack from 4500 (adding 4400) and put 9900 I just for a split of the second thought that there is something which I missing and never master it l but you correct yourself quickly
Small at stack has 2.85$
from 1.13% to 20 % on bubble that’s worth waiting
Anamembu
Rock Star
Bronze Level
Day 14 completed. This model is essential to understand how the chips you have in a tournament have a relative value based on the prize structure and your opponents' chips. By comprehending and applying the ICM, one can be better prepared to make strategic decisions that maximize the chances of success in these crucial tournament situations. Thank you for today's lesson!