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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 ]
Newer designs in home chips include three-color designs where a three-step molding process creates a chip with unique base, secondary, and detail colors. As chip sets are tailored to the buyer, the values of various colors vary widely, with less traditional colors either used as very high values such as $500, $1,000, $5,000, and so forth ...
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. In simple terms, a player can sit passively in the game, making only compulsory bets, for M laps of
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Currency is difficult to stack or handle, so most poker games are played with chips, or coin-shaped tokens of uniform size and weight, usually 39mm wide and anywhere from 5 to 16 grams in weight, whose money value is determined by their color. Historically, poker chips were made of bone; however, modern casino chips are often made of clay or a ...
A chip race is an event that takes place in poker tournaments, especially those with an escalating blinds (such as Texas hold 'em), in which chips of denominations that are no longer needed (as the current and upcoming blinds are more easily played with larger chip values) are removed from play. This has the effect of reducing the number of ...
A poker advantage calculator calculates a player's winning ratio and normalizes the winning ratio relative to the number of players. An advantage calculator, provides a normalized value between -100% and +100% describing a player's winning change in a locked domain.
The values given for Probability, Cumulative probability, and Odds are rounded off for simplicity; the Distinct hands and Frequency values are exact. The nCr function on most scientific calculators can be used to calculate hand frequencies; entering nCr with 52 and 5 , for example, yields ( 52 5 ) = 2 , 598 , 960 {\textstyle {52 \choose 5 ...
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