News: Poker Basics - Chip Chop Final Table Deals

In our second fundamentals information on closing desk offers we take a look at offers which are primarily based on the share of chips every participant has.

Last time we checked out the commonest type of closing desk the ICM deal. This time we’re going to take a look at an alternate approach some closing tables deal, the chip chop technique.

This is the place, as an alternative of redistributing the prize pool primarily based on ICM, the gamers divvy up the remaining prize pool in keeping with the share of chips every participant has.

Let’s remind ourselves of our instance closing desk from final time, together with ICM values:

Player	Chips	Potential Prize	ICM Value
Amy	100,000	$200	$140.84
Paul	70,000	$120	$123.80
Sophie	50,000	$80	$108.96
Tim	20,000	$50	$76.40

In this instance Amy has 41.7% of the chips in play and the overall prize pool is $450, which might get her $187.65. Much greater than her ICM payout and near what she would get for profitable. Tim, nevertheless, has simply 8.3% of the chips in play and as such would get $37.35.

See something fallacious right here?

That’s an excellent deal for Amy however Tim is definitely getting a lot lower than he would for enjoying on and busting in 4th. This could be a horrible deal for him, particularly as ICM offers him greater than double what chip chop does.

An different solution to do chip chop is to first award everybody the $50 min money they’re all assured then chip chopping the remaining prize pool. That would appear to be this:

Player	Chips	Deal
Amy	100,000	$154.25 ($50+104.25)
Paul	70,000	$123 ($50+$73)
Sophie	50,000	$102 ($50+$52)
Tim	20,000	$70.75 ($50+$20.75)

As you may see that appears loads fairer and nearer to ICM, however it favours the chip chief on the expense of everybody else, which is the other of ICM. A reminder that the ending distributions (beneath) are loads nearer than a chip chief would possibly assume.

	1st	2nd	third	4th
Amy	41.7%	31.9%	20%	6.4%
Paul	29.2%	31.2%	27.5%	12.2%
Sophie	20.8%	25.4%	33.2%	20.6%
Tim	8.3%	11.6%	19.3%	60.8%

This instance is sort of honest however when the stacks are excessive it’s a completely different story. If a chip chief has a large chip lead they will stroll away with way more (much more than official payout) with a chip chop deal. The quick stack, if they’re very quick, can barely stroll away with a min money.

You ought to solely entertain a chip chop deal in case you are a chip chief as that’s the solely one that advantages. The solely different state of affairs they make sense is heads-up the place ICM now not influences the technique in a event.

On the floor chip chop offers appear honest. A poker event is about accumulating chips so a deal primarily based on chips is sensible. But chips are price kind of relying in your stack measurement in a event which is mirrored by ICM. ICM offers are broadly fairer to everybody in a event.