medium · Poker Theory Preflop
3,500 In a tournament near the money bubble, why does the 'Independent Chip Model' (ICM) force medium stacks to play more tightly than their chip-EV (cEV) suggests?
- Because medium stacks should always wait for short stacks to bust.
- Because tournament rake is only paid once at the start.
- Because the blinds increase faster in tournaments, making chips more valuable. (under this line) (under this line)
- Because the marginal utility of chips decreases; doubling your stack does not double your dollar equity.
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