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The calculator requires a payout structure (horizontally) and all player chipstacks (vertically). It can display either
the percentage of the total prize (Prize Pool %) pool awarded to each person or the percentage that each player gets each place (Place %).
When the first stack of zero chips is entered the calculator will stop reading further players. The same concept applies to the payout
percentages. To get a better grasp of the calculator, read the Tips section below.
The ICM Applicator uses the exact same algorithm to compute the base equities for it's results. In the future, we plan on featuring tutorials and articles
for the ICM Calculator and the ICM Applicator.
If you would like to verify the output from the ICM Calculator, please visit any of the online ICM Calculator's below:
1.) You can see approximate error by looking at both the totals row and the totals column. For example, if you calculate
with Prize Pool %, then you want each entry in the totals row at the bottom to be equal to the sum of the player's equity for that
place. That is, if you award 50% of the total prize pool to first place then you want the sum of all the player's 1st place equity
to add up to 50% of the prize pool. If it doesn't, either you have some error in your calculation or someone stole your money.
2.) You can convert from Place % to Prize Pool % by multiplying each percentage by the corresponding payout value. For example,
if Player 1 got 1st place 25% of the time then they would earn 25% x (1st Place Prize Pool %) to get the Prize Pool % awarded
to Player 1 for getting 1st place.
3.) You can compare these results to those of Sit n Go Power Tools by typing in the chipstacks and looking at the prepost
values. Make sure that the payout structures and chipstacks are the same throughout both softwares.