Quote (Pitbulul @ Jul 17 2014 02:08pm)
i have the general knowledge when it comes to odds i used to play live and did ok
ICM is alot different than odds. It's an algorithm that estimates what your chips are worth in $, then helps you decide whether a certain move is good or not.
For example consider the following scenario in a 6-max sit n go where top 2 get paid and 3rd gets nothing.
Blinds 100/200
Player1 (button): 2500 chips
Player2 (sb): 700 chips
You (bb): 2500 chips
You have AK.
Player1 goes all in. He probably does this with alot of hands (say top 40%) to try to steal the blinds.
Player 2 folds.
Against P1's hands you have on average 65% equity:

So odds say you should call.
Correct play is to fold though. You risk your entire stack to knock him out even though Player2 has very few chips and is way less likely to make the money than you. If you lose you go home with nothing. Thus, waiting for P2 to be knocked out is safer and overall more profitable. Furthermore even if you win the all-in you still don't win the tournament. P2 still has chips and still has a small chance of winning, so you aren't guaranteed the first place prize.
Proof:
This post was edited by EA7 on Jul 17 2014 07:18am