An ICM chop divides negotiable tournament prizes using the Independent Chip Model. The model estimates finishing probabilities from chip counts and the payout structure, without measuring skill differences. Players can negotiate changes, and organizers may require a prize to remain for the winner.
Example of ICM Chop:
Three finalists enter their stacks and remaining payouts into an ICM calculator. They use the resulting estimated prize shares as the starting point for an agreed deal.
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