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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 ]
Jack "Treetop" Straus (June 16, 1930 – August 17, 1988) was an American professional poker player.. He is best known for winning the 1982 World Series of Poker Main Event, where he was able to come back from being down to one chip earlier in the tournament, giving meaning to the poker phrase "a chip and a chair".
Casino chips (also known as poker chips, gaming tokens, or checks/cheques) are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors , or may be kept as souvenirs .
In Texas hold 'em, as in all variants of poker, individuals compete for an amount of money or chips contributed by the players themselves (called the pot).Because the cards are dealt randomly and outside the control of the players, each player attempts to control the amount of money in the pot based on the hand they are holding, [2] and on their prediction as to what their opponents may be ...
Dunst nearly didn't play the tournament after losing a $5,000 chip while waiting in line to register, but fellow poker player Mike McDonald offered to pay his buy-in for him. [7] Dunst eventually finished runner-up in the tournament to Ari Engel , earning A$1,000,000 ($700,000 US).
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