[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"term-poker-icm-en":3,"related-icm-en":38,"mdc--o2z08h-key":54},{"id":4,"slug":5,"status":6,"section":7,"category":8,"difficulty":9,"aliases":10,"related_terms":14,"related_calculators":20,"term":26,"definition":27,"content":28,"example":29,"faq":30,"availableLocales":31},"b0f3fc85-ed9f-405c-861b-268b2b79fe0e","icm","published","poker","poker-math","advanced",[11,12,13],"Independent Chip Model","Tournament Equity Model","Chip Value Model",[15,16,17,18,19],"Equity","Tournament","Pot Odds","Expected Value","Bubble",[21,22,23,24,25],"\u002Fpoker\u002Ficm-trainer","\u002Fpoker\u002Fequity-calculator","\u002Fpoker\u002Ftournament-calculator","\u002Fpoker\u002Fpush-fold-calculator","\u002Fpoker\u002Fbankroll-calculator","ICM","A mathematical model that converts tournament chip stacks into real money equity by calculating each player's probability of finishing in each paying position.","## What is ICM?\n\nYou're on the bubble of a $100,000 tournament. You have 500,000 chips (average stack). Big blind shoves 100,000 chips. You look down at **pocket Kings**.\n\nIn a cash game? **Snap call** - you're 80% favorite.\n\nIn this tournament with ICM? **Often fold.**\n\nWhy? Because those 100,000 chips you risk are worth more in **dollars** than the 100,000 chips you'd win. **Welcome to ICM.**\n\n> **Simple explanation:** ICM converts chips into money by recognizing that in tournaments, chips ≠ dollars. Your first chip is worth less than your last chip, and doubling up doesn't double your prize pool equity.\n\n## TL;DR - Quick Reference\n\n| Concept | Explanation |\n|---------|-------------|\n| **What ICM is** | Model converting chip stacks → dollar equity |\n| **Key insight** | Chips ≠ money in tournaments |\n| **When it matters most** | Final table, [bubble](\u002Fen\u002Fglossary\u002Fpoker\u002Fbubble), pay jumps |\n| **Main principle** | Survival value > chip accumulation |\n| **Critical mistake** | Playing [chip EV](\u002Fen\u002Fglossary\u002Fpoker\u002Fchip-ev) instead of $ EV |\n| **Impact** | Can turn +chip EV calls into -$ EV folds |\n\n**Bottom line:** ICM explains why tight play near the bubble is mathematically correct, not \"scared money.\" It's survival value calculation.\n\n---\n\n## Understanding ICM for Tournament Players\n\n### Why Chips Aren't Money\n\n**In cash games:**\n- 100 chips = $100 (always)\n- Doubling up = doubling your money\n- You can rebuy anytime\n- Chip EV = Dollar EV\n\n**In tournaments:**\n- 100 chips might be worth $50, $100, or $200 depending on context\n- Doubling up ≠ doubling prize pool equity\n- You can't rebuy after elimination\n- **Chip EV ≠ Dollar EV**\n\n### The Fundamental ICM Truth\n\n**First place** gets 40% of prize pool but **doesn't need 100%** of the chips.\n\nEach additional chip is worth **less** than the last because:\n1. You can't win more than first place money\n2. More chips = higher risk of costly elimination\n3. Other players also have survival value\n\n---\n\n## The Mathematics of ICM\n\n::chart-icm-equity-curve\n::\n\n### Basic ICM Formula (3 Players)\n\nFor a player with stack **S** out of total chips **T**:\n\n$$Equity = P_{1st} \\times Payout_1 + P_{2nd} \\times Payout_2 + P_{3rd} \\times Payout_3$$\n\nWhere probability of finishing 1st is approximately:\n$$P_{1st} = \\frac{S}{T}$$\n\nBut this is simplified. Real ICM uses **recursive calculation** accounting for all elimination scenarios.\n\n### ICM Calculation Example\n\n**3 players, $10,000 prize pool (50% \u002F 30% \u002F 20%):**\n- **Player A:** 10,000 chips (50%)\n- **Player B:** 6,000 chips (30%)\n- **Player C:** 4,000 chips (20%)\n\n**\"Chip EV\" (wrong) says:**\n- Player A: $5,000 (50% of chips)\n- Player B: $3,000 (30% of chips)\n- Player C: $2,000 (20% of chips)\n\n**ICM (correct) says:**\n- **Player A: $4,383** (not $5,000!)\n- **Player B: $3,179**\n- **Player C: $2,438**\n\n**Why the difference?**\n- Player A can't win more than $5,000 (1st place) even with all chips\n- Player C has \"survival value\" - they can't finish worse than 3rd ($2,000 guaranteed)\n- Player A risks more dollar equity per chip than Player C\n\n**Player A has 50% of chips but only 43.8% of prize pool equity.** That's ICM pressure.\n\n---\n\n## When ICM Matters Most\n\n### 1. Tournament Bubble (Pay Jump from $0 to Money)\n\n**Scenario:** 10 players left, 9 get paid. You're mid-stack.\n\n**ICM pressure:**\n- Massive pay jump ($0 → $500)\n- Short stacks desperate to fold into money\n- Big stacks can bully without calling\n- **Your strategy:** Play extremely tight, let short stacks eliminate each other\n\n**Example:** You have AK, big stack shoves. Normally +EV call. With ICM? **Fold** - your tournament life is worth more than the chips. The [risk premium](\u002Fen\u002Fglossary\u002Fpoker\u002Frisk-premium) increases massively at this point.\n\n### 2. Final Table Bubble\n\n**Scenario:** 10 players → 9-handed final table with big pay jump.\n\nSimilar to money bubble but less extreme. Still significant ICM pressure.\n\n### 3. Short-Handed Play (3-5 Players)\n\nICM pressure is **maximum** at 3-4 players because:\n- Large pay jumps between places\n- Each decision heavily impacts final placement\n- Chip redistribution has huge equity consequences\n\n### 4. Satellite Tournaments\n\n**Everyone who wins gets the same prize** (tournament ticket).\n\n**ICM strategy:** Once you have enough chips to finish top X, **fold everything**. Additional chips have zero value.\n\n**Example:** Top 10 get $1,000 ticket. You have 12th biggest stack out of 15 players. **Fold every hand** until 5 players bust.\n\n---\n\n## ICM Strategy Adjustments\n\n::chart-icm-pressure-scenarios\n::\n\n### When YOU Have Big Stack\n\n**Advantages:**\n- Apply pressure to medium stacks (they risk more)\n- Steal blinds profitably\n- Accumulate chips at lower risk\n\nThis aggressive play style requires good [bankroll management](\u002Fen\u002Fglossary\u002Fbetting\u002Fbankroll-management) to stay profitable long-term.\n\n**Mistakes to avoid:**\n❌ **Don't bully short stacks** - they have nothing to lose, will call lighter\n❌ **Avoid big stack vs. big stack wars** - you both risk massive equity\n✅ **Target medium stacks** - they feel maximum ICM pressure\n\nThe correct [position](\u002Fen\u002Fglossary\u002Fpoker\u002Fposition) at the table is crucial for this strategy.\n\n**Example:** You have 40% of chips, medium stack has 25%, short stack has 10%.\n\n- Shoving into medium stack: **High fold equity** (they risk ladder position)\n- Shoving into short stack: **Low fold equity** (they're desperate, will call)\n\n### When YOU Have Medium Stack\n\n**ICM pressure is maximum on YOU.**\n\n**Strategy:**\n- Play **tighter** than chip EV suggests\n- Survival > chip accumulation\n- Let short stacks and big stacks battle\n- Avoid marginal spots\n\n**Example:** Bubble with AQ offsuit, big stack shoves.\n\n- **Chip EV:** Probably call (60%+ equity vs. range)\n- **ICM:** **Fold** - risking your stack is -$EV even if +chip EV\n\nThis feels \"weak\" but is mathematically correct.\n\n### When YOU Have Short Stack\n\n**ICM pressure is LOWEST on you** - paradoxically, this means **aggression**.\n\n**Why:**\n- You can't fall much further in payout\n- Big\u002Fmedium stacks don't want to call and eliminate you\n- Your fold equity is massive\n\n**Strategy:**\n- Push\u002Ffold aggressively with strong [all-in](\u002Fen\u002Fglossary\u002Fpoker\u002Fall-in) decisions\n- Wider shoving ranges than chip EV\n- Force big\u002Fmedium stacks into ICM-punished calls\n- Understand your [pot odds](\u002Fen\u002Fglossary\u002Fpoker\u002Fpot-odds) to find optimal push ranges\n\n**Example:** You have 8BB on bubble, Button with K9o.\n\n- **Chip EV:** Marginal push\n- **ICM:** **Clear push** - big blind faces ICM suicide to call even with AJ\n\n---\n\n## Common ICM Mistakes\n\n### Mistake #1: Calling Too Wide on the Bubble\n\n**❌ Wrong:** \"I have AK, I have to call this shove!\"\n\n**✅ Right:** \"I have AK with 20BB. Big stack shoved. Calling risks my tournament life for a min-cash difference. **Fold.**\"\n\n**Why it's wrong:** Even premium hands can be ICM folds when:\n- You're mid-stack on bubble\n- Pay jump is large\n- You have comfortable stack to fold into money\n\n**ICM Trainer Lesson:** Run this scenario in the [ICM Trainer](\u002Fpoker\u002Ficm-trainer) - you'll see AK is often a fold.\n\n### Mistake #2: Playing Chip EV vs. Short Stacks\n\n**❌ Wrong:** \"I have 50% of chips, I can bully the 5BB short stack with any two cards.\"\n\n**✅ Right:** \"Short stack will call very wide (ICM pressure low on them). I need actual equity to justify aggression.\"\n\n**Why it's wrong:** Short stacks have the **least** ICM pressure. They'll call your bluffs because they can't fall much further in payouts.\n\n### Mistake #3: Big Stack vs. Big Stack Wars\n\n**❌ Wrong:** \"I'll battle this other big stack for dominance!\"\n\n**✅ Right:** \"We're both risking massive dollar equity. Unless I have the nuts, I'll let them battle medium\u002Fshort stacks instead.\"\n\n**Why it's wrong:** Two big stacks fighting gifts equity to the rest of the field. The loser falls from ~30% equity to ~15% equity in one hand.\n\n**ICM Rule:** Avoid confrontation with comparable or larger stacks unless you have monster hands.\n\n### Mistake #4: Not Adjusting to Short Stack Desperation\n\n**❌ Wrong:** \"I'm the big stack on the bubble, I can shove any two cards and everyone folds.\"\n\n**✅ Right:** \"Medium stacks will fold a lot (high ICM pressure), but short stacks will call wide (low ICM pressure). I need to adjust my shoving range accordingly.\"\n\n**Reality:** Short stacks on bubble call **wider** than chip EV because they're already near minimum payout.\n\n---\n\n## ICM Chops (Deal-Making)\n\nWhen final table players agree to split the prize pool, **ICM determines fair splits**.\n\n::icm-chop-calculator\n::\n\n### Example: 3-Way Chop\n\n**$10,000 prize pool (50%\u002F30%\u002F20%):**\n- Player A: 12,000 chips\n- Player B: 5,000 chips\n- Player C: 3,000 chips\n\n**\"Equal chop\" (wrong):** $3,333 each\n\n**\"Chip chop\" (wrong):**\n- Player A: $6,000 (60% of chips)\n- Player B: $2,500 (25% of chips)\n- Player C: $1,500 (15% of chips)\n\n**ICM chop (correct):**\n- Player A: $4,891\n- Player B: $2,986\n- Player C: $2,123\n\n**Why ICM chop is fair:** It accounts for payout structure, not just chip distribution. Player A has chip lead but can't win 60% of prize pool (max is 50% = 1st place).\n\nUse an ICM calculator to negotiate fair deals. Don't accept chip chops - they favor big stacks unfairly.\n\n---\n\n## ICM vs. Chip EV: Decision Examples\n\n### Scenario 1: Bubble Call Decision\n\n**Setup:**\n- 11 players left, top 10 paid ($500 min cash)\n- You have 300,000 chips (2nd place)\n- Short stack (100,000) shoves UTG\n- You have **AK** in big blind\n\n**Chip EV:** Clear call (AK vs. UTG range = ~63% equity)\n\n**ICM Analysis:**\n- If you call and lose: Drop to ~10th place, might not cash\n- If you fold: Almost guaranteed cash by outlasting shorter stacks\n- Dollar risk: ~$500 (cashing vs. not)\n- Dollar gain: ~$200 (improving ladder position)\n\n**ICM Decision: FOLD**\n\nThis feels insane, but the math is clear - you risk more in bubble\u002Fladder value than you gain in chip EV.\n\n### Scenario 2: Final Table Push\n\n**Setup:**\n- 4 players left, payouts: $10,000\u002F$6,000\u002F$4,000\u002F$2,000\n- You: 600,000 chips (25%)\n- Villain: 1,200,000 chips (50%)\n- You have **QQ** on button\n\n**Chip EV:** Shove (QQ crushes button opening range)\n\n**ICM Analysis:**\n- You have $4,200 ICM equity currently\n- If you lose all-in: Drop to $2,000 (4th place)\n- If you double: Increase to ~$5,500 ICM equity\n- Risk: $2,200 ($4,200 - $2,000)\n- Gain: $1,300 ($5,500 - $4,200)\n\n**Risk-reward ratio:** Risk $2,200 to win $1,300 = **need 62.9% equity** (not just 50%)\n\nAgainst villain's calling range, do you have 63%+? **Depends on villain's ICM awareness.**\n\nIf villain knows ICM: They call tighter, you can shove wider.\nIf villain is ICM-unaware: They call chip-EV, you should tighten.\n\n---\n\n## Related Concepts\n\n- **[Equity](\u002Fpoker\u002Fequity):** ICM modifies hand equity calculations. A hand with 70% chip equity might have 55% dollar equity due to ICM pressure.\n\n- **[Tournament Strategy](\u002Fpoker\u002Ftournament):** ICM is the mathematical foundation of tournament poker strategy. Every final table decision should consider ICM.\n\n- **[Expected Value (EV)](\u002Fen\u002Fglossary\u002Fbetting\u002Fexpected-value):** In tournaments, chip EV ≠ dollar EV. ICM bridges this gap by calculating $ EV from chip stacks.\n\n- **[Pot Odds](\u002Fpoker\u002Fpot-odds):** Traditional pot odds assume chip EV. ICM-adjusted pot odds account for survival value and pay jumps.\n\n- **[Bubble Play](\u002Fpoker\u002Fbubble):** The bubble is the most extreme ICM scenario. Understanding ICM is essential for profitable bubble play.\n\n---\n\n## Practical Tools\n\n### ICM Calculators and Trainers\n\n1. **[ICM Trainer](\u002Fpoker\u002Ficm-trainer)** - Interactive ICM scenarios with instant feedback\n2. **[Equity Calculator](\u002Fpoker\u002Fequity-calculator)** - Calculate hand vs. range equity, then adjust for ICM\n3. **[Tournament Calculator](\u002Fpoker\u002Ftournament-calculator)** - Full tournament simulations with ICM modeling\n4. **[Push-Fold Calculator](\u002Fpoker\u002Fpush-fold-calculator)** - ICM-adjusted push\u002Ffold charts for short stack play\n\n### ICM Training Plan\n\n**Week 1: Basics**\n- Understand why chips ≠ money\n- Run 3-player ICM scenarios\n- Practice bubble fold decisions\n\n**Week 2: Application**\n- Final table simulations in [ICM Trainer](\u002Fpoker\u002Ficm-trainer)\n- Identify when to deviate from chip EV\n- Study big stack, medium stack, short stack strategies\n\n**Week 3: Advanced**\n- ICM-adjusted hand ranges\n- Deal-making calculations\n- Exploitative ICM adjustments\n\n---\n\n## Key Takeaways\n\n- ✅ **Chips ≠ Dollars** - First chip worth less than last chip due to payout structure\n- ✅ **Bubble is extreme ICM** - Massive pay jumps create counter-intuitive folds\n- ✅ **Stack size determines strategy** - Big\u002Fmedium\u002Fshort stacks have different ICM pressures\n- ✅ **AK can be a fold** - Even premium hands are ICM folds in high-pressure spots\n- ✅ **Short stacks are aggressive** - Low ICM pressure allows wider shoving\n- ✅ **Medium stacks are tight** - Maximum ICM pressure forces cautious play\n- ✅ **Use ICM for deals** - Don't accept chip chops, demand ICM-fair splits\n\n**Remember:** Learning ICM separates good tournament players from great ones. Master it, and you'll win 20-30% more in tournaments by avoiding costly ICM mistakes.\n\n---\n\n## FAQ\n\n### When should I start thinking about ICM?\n\n**ICM becomes relevant when pay jumps are significant:**\n\n- **Early tournament:** Ignore ICM, play chip EV (pay jumps are tiny)\n- **Near bubble:** Start considering ICM (large $0 → min cash jump)\n- **Final 2 tables:** ICM is critical (every elimination = big pay jump)\n- **Final table:** ICM dominates all decisions (except heads-up)\n\n**Rule of thumb:** If busting costs you more than one buy-in worth of ladder money, use ICM.\n\n### How do I calculate ICM during a hand?\n\n**You don't.** ICM calculations are too complex for real-time mental math.\n\n**Instead:**\n1. Study ICM concepts beforehand\n2. Use [ICM Trainer](\u002Fpoker\u002Ficm-trainer) to build intuition\n3. Memorize common scenarios (bubble folds, short stack shoves)\n4. Apply heuristics at the table\n\n**Heuristics:**\n- Bubble\u002Ffinal table? Tighten medium stacks, loosen short stacks\n- Big pay jump? Value survival over chip accumulation\n- Short stack shoves? They're likely shoving wider than chip EV\n\n### Can ICM tell me to fold pocket Aces?\n\n**Yes, but extremely rarely.**\n\n**Scenario where AA is an ICM fold:**\n- You're 2nd in chips on bubble with comfortable stack\n- Big stack shoves (covering you)\n- Short stack is all-in separately\n- If you fold, short stack likely busts, you cash\n\n**Math:** Your tournament life is worth more than the chip EV of calling with AA, because you're almost guaranteed to cash by folding.\n\nThis happens \u003C0.1% of the time. Don't look for AA folds - look for AQ, AJ, small pairs where ICM folds are common.\n\n### How does ICM affect heads-up play?\n\n**ICM becomes irrelevant heads-up** because:\n- Only two payout spots left (1st and 2nd)\n- Chip EV = Dollar EV (doubling up = moving from 2nd to 1st)\n- No ladder\u002Fbubble considerations\n\n**Heads-up strategy:** Ignore ICM, play chip EV. Aggression and reads matter, not ICM pressure.\n\n### Should I take an ICM chop or play it out?\n\n**Depends on your edge:**\n\n**Take the chop if:**\n- You're less skilled than opponents\n- You're tired \u002F not playing your best\n- ICM value is higher than your expected value playing out\n\n**Play it out if:**\n- You have skill edge over opponents\n- You're in great mental state\n- Opponents are ICM-unaware (you can exploit)\n\n**Example:** ICM chop offers you $4,000. If you think you have 30% chance to win $8,000 (1st) + 70% chance of $3,000 (average of 2nd\u002F3rd):\n\n$$EV = 0.30 \\times 8000 + 0.70 \\times 3000 = 2400 + 2100 = $4,500$$\n\nYou should play it out (expected $4,500 vs. guaranteed $4,000 chop).\n\n### How does variance factor into ICM?\n\n**ICM assumes zero variance (infinite sample).** In reality:\n\n- **Short sample (1 tournament):** High variance, ICM suggests cautious play\n- **Long sample (100+ tournaments):** Lower variance, can take more ICM-negative risks for chip accumulation\n\n**Bankroll management rule:** If you're playing above your bankroll level, lean more conservative than ICM suggests. ICM calculates this tournament's EV, not your bankroll's survival.\n\nUse the [Bankroll Calculator](\u002Fpoker\u002Fbankroll-calculator) to determine how many buy-ins you need to comfortably play tournament stakes.\n\n---\n\n**Final Thought:** ICM is the single most important concept separating amateur from professional tournament poker. Study it, practice it with the [ICM Trainer](\u002Fpoker\u002Ficm-trainer), and watch your tournament ROI increase by 20-30%. The math doesn't lie.",null,[],[32,33,34,35,36,37],"en","ru","de","es","pt","tr",[39,44,47,50],{"slug":40,"section":7,"category":41,"difficulty":42,"term":19,"definition":43},"bubble","concept","intermediate","The bubble is the period in a tournament 1–3 spots before the money. It's the most expensive phase for mistakes: ICM pressure overrides standard cEV math, and one wrong all-in call turns a potential min-cash into zero. Bubble factor (the ratio of ICM equity lost to gained) spikes to 1.5–3.0 on the bubble, forcing folds even on +cEV hands.",{"slug":45,"section":7,"category":8,"difficulty":42,"term":15,"definition":46},"equity","Equity is your percentage share of the pot based on the probability of winning at showdown with all remaining cards dealt. If you have 60% equity in a $100 pot, you're statistically entitled to $60 of that pot over infinite iterations. Equity drives every poker decision—calling, raising, folding, and bet sizing all depend on comparing your equity against pot odds and opponent ranges. Unlike fixed outcomes, equity represents expected value across all possible runouts.",{"slug":48,"section":7,"category":8,"difficulty":42,"term":17,"definition":49},"pot-odds","The ratio between the current pot size and the cost to call a bet, used to determine if calling is mathematically profitable — the single most important calculation in poker that separates winning players from losing ones.",{"slug":51,"section":7,"category":52,"difficulty":42,"term":16,"definition":53},"tournament","tournaments","A poker tournament is a structured competition where players buy in for a fixed amount and compete until one player holds all the chips. Unlike cash games where chips equal money, tournament chips have no direct cash value—prizes are awarded based on finishing position. Tournaments feature escalating blind levels that create increasing pressure, and players are eliminated when they lose all chips. The unique economics of tournament poker—where survival matters alongside chip accumulation—creates strategic depth absent from cash games.",{"data":55,"body":56},{},{"type":57,"children":58},"root",[59,68,82,94,104,121,135,141,280,290,294,300,307,315,340,348,448,454,471,483,502,505,511,515,521,540,1449,1725,1737,1743,1751,1784,1792,1810,1818,1986,1994,2012,2022,2025,2031,2037,2047,2055,2144,2169,2175,2184,2189,2195,2207,2225,2231,2241,2258,2274,2277,2283,2287,2293,2301,2319,2332,2363,2376,2385,2412,2418,2426,2434,2464,2473,2502,2507,2513,2529,2537,2555,2562,2601,2610,2637,2640,2646,2652,2662,2679,2689,2707,2724,2730,2739,2748,2764,2770,2779,2788,2797,2807,2813,2822,2831,2848,2851,2857,2868,2872,2878,2886,2904,2914,2922,2940,2948,2966,2976,2981,2984,2990,2996,3004,3034,3043,3051,3074,3082,3087,3093,3100,3276,3285,3292,3474,3602,3612,3617,3620,3626,3702,3705,3711,3717,3771,3777,3785,3803,3811,3833,3841,3859,3862,3868,3949,3959,3962,3968,3974,3982,4025,4035,4041,4051,4059,4088,4096,4114,4120,4128,4136,4159,4169,4174,4180,4190,4208,4218,4224,4232,4240,4258,4266,4284,4516,4528,4711,4717,4727,4750,4760,4772,4775],{"type":60,"tag":61,"props":62,"children":64},"element","h2",{"id":63},"what-is-icm",[65],{"type":66,"value":67},"text","What is ICM?",{"type":60,"tag":69,"props":70,"children":71},"p",{},[72,74,80],{"type":66,"value":73},"You're on the bubble of a $100,000 tournament. You have 500,000 chips (average stack). Big blind shoves 100,000 chips. You look down at ",{"type":60,"tag":75,"props":76,"children":77},"strong",{},[78],{"type":66,"value":79},"pocket Kings",{"type":66,"value":81},".",{"type":60,"tag":69,"props":83,"children":84},{},[85,87,92],{"type":66,"value":86},"In a cash game? ",{"type":60,"tag":75,"props":88,"children":89},{},[90],{"type":66,"value":91},"Snap call",{"type":66,"value":93}," - you're 80% favorite.",{"type":60,"tag":69,"props":95,"children":96},{},[97,99],{"type":66,"value":98},"In this tournament with ICM? ",{"type":60,"tag":75,"props":100,"children":101},{},[102],{"type":66,"value":103},"Often fold.",{"type":60,"tag":69,"props":105,"children":106},{},[107,109,114,116],{"type":66,"value":108},"Why? Because those 100,000 chips you risk are worth more in ",{"type":60,"tag":75,"props":110,"children":111},{},[112],{"type":66,"value":113},"dollars",{"type":66,"value":115}," than the 100,000 chips you'd win. ",{"type":60,"tag":75,"props":117,"children":118},{},[119],{"type":66,"value":120},"Welcome to ICM.",{"type":60,"tag":122,"props":123,"children":124},"blockquote",{},[125],{"type":60,"tag":69,"props":126,"children":127},{},[128,133],{"type":60,"tag":75,"props":129,"children":130},{},[131],{"type":66,"value":132},"Simple explanation:",{"type":66,"value":134}," ICM converts chips into money by recognizing that in tournaments, chips ≠ dollars. 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