ICM stands for the Independent Chip Model. ICM is an acronym for Independent Chip Model which is a calculation that allows players to convert a tournament chip stack into a monetary value of their equity. It is a model that allows you to convert a tournament players chips into their real money equity. Independent Chip Modeling (ICM) determines your equity share of the prize pool in a tournament based on the stack sizes of the remaining opponents and the. It stands for Independent Chip Model, but what is it actually? And how should it influence our strategy, if we are a cash game player mixing in some tournaments. . Standing for Independent Chip Model is a mathematical model or calculation that enables anyone to convert a tournament chip stack into a. This formula was first. This is quite. The Independent Chip Model (ICM) is a mathematical formula that converts your tournament stack into a monetary value. In poker, the Independent Chip Model (ICM), also known as the Malmuth–Harville method, is a mathematical model that approximates a player's overall equity. ICM poker (Independent chip model) allows players to estimate the value of their stack at any given point in a tournament. Using the independent chip model (ICM), we can determine our equity in a tournament based on our chip stack, other chip stacks at the table, and.