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ICM in winner-takes-all

No payout ladder, so bubble factor is 1.

Updated 2026-10-02 · exact Malmuth-Harville ICM

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This page works through a winner-takes-all event. The numbers are exact results of the ICM model (the probability of finishing first is proportional to the stack, then the same rule for the next place), not estimates.

The payouts

Share of the prize pool by finishing place:

1st
100%

Equity of every stack

Example stacks, total 10000 chips:

SeatChipsShare of chipsICM equityEquity minus chip share (points)
1400040%40%+0.0
2300030%30%+0.0
3200020%20%+0.0
4100010%10%+0.0

With a single prize the equity of each stack is exactly its share of the chips, so there is nothing to adjust: chip EV and ICM are the same.

Bubble factors

Bubble factor of the row player when all-in against the column player, for the first 4 seats:

Hero \ VillainSeat 1Seat 2Seat 3Seat 4
Seat 1 (4000)—1.001.001.00
Seat 2 (3000)1.00—1.001.00
Seat 3 (2000)1.001.00—1.00
Seat 4 (1000)1.001.001.00—

Every bubble factor is 1, which is why chip EV is the right measure in a winner-takes-all event.

What it means for your play

Try these numbers and change themThe calculator opens with this example already filled in.

Open this example in the ICM calculator →

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progressGTO guides use our own solution book (v13, 8-max tournaments with ante, chip EV): an approximation of equilibrium with a modelled postflop, not an exact solution. Numbers are computed from the book and from the exact ICM model.

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