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7 left in an mtt on stars, 6 max, im chip leader with around 360k, shortstack of 90k opens for 21k on the button and im in the bb ready to put him all in with JJ, were 4 handed by the way, then the small blind who i have covered but not by much then ships 310k all in, he was a complete fish, i figure i have him crushed here with JJ 4 handed but decided to fold as there was around 4 stacks on 90k to 150k. the payouts were :
7th - $550
6th - $887
5th - $1387
4th - $1900
3rd - $2750
2nd - $3700
1st - $5000
correct to give up this spot with JJ or not?
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Comments
Easier than trying to explain.
No idea if it's a fold or not myself like.
Congrats on the score.
As it turns out you didn't need it. Good job mate.
NEVER feel silly for asking a question.
"ICM" = "Independent Chip Model".
Here's what Mr Wiki says.....
http://en.wikipedia.org/wiki/Independent_Chip_Model
In particular, at the foot of that page is a link to "Poker Strategy", which explains it beautifully.
Any more questions, fire away.
ICM is vital to understand, but it needs using with great care, as there is a LOT more to this subject than pure maths.