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What is ICM in poker?

A commonly used acronym for the term Independent Chip Model. ICM is a model that translates the value of a tournament chip to actual cash value, better known as tournament equity. ICM calculations are based on the stacks and payouts of all players remaining in the tournament.

Articles

When does ICM become significant in MTTs?

How ICM Impacts Postflop Strategy

Other terms

Bubble Factor Risk Premium Tournament Multi Table Tournament (MTT)Bubble Sit and go (SNG)Final Table Satellite Cashing In the money Chip EV Dollar EV ($EV)Chip-Scaled Tournament Equity (CSTE)Bounty Progressive Knockout Tournament (PKO)Payout structure Risk Advantage Ladder

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