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Independent Chip Model. 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 ...
PokerStove is a program that calculates hand equities (i.e., expected percentage of the time that each hand wins at showdown ). [3] Since poker is a game of incomplete information, the calculator is designed to evaluate the equity of ranges of hands that players can hold, instead of individual hands. [4] Pokerstove can calculate both pre- flop ...
Algorithm. The algorithm is a numerical approach to quantify the strength of a poker hand where its result expresses the strength of a particular hand in percentile (i.e. ranging from 0 to 1), compared to all other possible hands. The underlying assumption is that an Effective Hand Strength (EHS) is composed of the current Hand Strength (HS ...
Pot odds. In poker, pot odds are the ratio of the current size of the pot to the cost of a contemplated call. [ 1] Pot odds are compared to the odds of winning a hand with a future card in order to estimate the call's expected value. The purpose of this is to statistically guide a player's decision between the options of call or fold.
Otherwise, your home equity is calculated by subtracting your mortgage balance from the home’s current market value. Say your home is worth $350,000 and you owe $150,000 on your mortgage. To ...
Step 4: Calculate how much you can borrow. You can’t borrow the full amount of your home equity. Many lenders allow you to borrow only up to 80 percent. Using our example above, that’s 0.8 x ...
Fold equity. Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament. It is the equity a player can expect to gain due to the opponent folding to his or her bets. [1] It equates to:
The relationship between pot odds and odds of winning is one of the most important concepts in poker strategy. Pot odds are the ratio of the size of the pot to the size of the bet required to stay in the pot. [1] For example, if a player must call $10 for a chance to win a $40 pot ( not including their $10 call), their pot odds are 4-to-1.