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In poker, the Independent Chip Model (ICM), also known as the Malmuth–Harville method, [1] is a mathematical model that approximates a player's overall equity in an incomplete tournament. David Harville first developed the model in a 1973 paper on horse racing; [2] in 1987, Mason Malmuth independently rediscovered it for poker. [3]
In no-limit or pot-limit poker, a player's M-ratio (also called "M number", "M factor" [1] or just "M") is a measure of the health of a player's chip stack as a function of the cost to play each round.
Poker hand converters allow players to take text-based online poker hand history files from online cardrooms and convert them into formats friendly to the eye and suitable for posting on online message boards. Hand converters are often used to show played hands to other players for analysis and discussion.
Poker is a game of luck, skill and strategy, with the latter being exceptionally important. Once you have started to understand the rules of poker, the next thing to do is to study various strategies.
Poker relative calculators tend to be displayed on poker tournaments and shows for an audience because they provide an accurate assessment of a player's winning chance. However, professional in game poker players do not use or think in terms of poker relative calculations because two or more poker hands at the same table are required.
Libratus is an artificial intelligence computer program designed to play poker, specifically heads up no-limit Texas hold 'em. [1] Libratus' creators intend for it to be generalisable to other, non-poker-specific applications. It was developed at Carnegie Mellon University, Pittsburgh.
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Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament. It is the equity a player can expect to gain due to the opponent folding to his or her bets. [1] It equates to:
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