ICM Calculator

Convert tournament chip stacks to dollar equity using the Independent Chip Model. Use it to evaluate final-table deals or analyze risk-of-elimination spots.

Chip Stacks

Total: 12,000
Player 141.7%
Player 233.3%
Player 325.0%

Payout Structure

1st50%
2nd30%
3rd20%
Total: $1,000

Tournament Equity

Player 1$359.72
36.0% of pool-5.7% vs chip share
Player 2$334.92
33.5% of pool+0.2% vs chip share
Player 3$305.36
30.5% of pool+5.5% vs chip share
ICM compresses big stacks down and big-blind-survival up. Small stacks gain equity vs their chip share — that's why short stacks should call wider near the bubble.

When to use ICM

  • Negotiating a final-table chop — "chip-chop" is unfair to short stacks
  • Estimating risk premium for shoves near the bubble
  • Comparing two stack distributions to see who's actually winning
  • Studying optimal calling ranges in late-stage MTTs

Computed via the Malmuth-Harville model. Doesn't account for skill differences, position, or future blinds — it answers "what's the dollar value of these chipsright nowassuming everyone plays equally?"