Last time we introduced the Independent Chip Model and discussed how the concept can be useful to players of sit & gos.
Knowing about ICM can be handy when playing any kind of poker tournament, given the way it helps players take into account payout structures and assign "real money value" to in-hand decisions made over tournament chips. Meanwhile if you play a lot of sit & gos — especially the standard, single-table SNGs on which we're focusing in this series — understanding ICM can be especially helpful given the way certain, similar spots in which payouts affect decisions come up time and time again.