Once players reach the final table of a tournament, Full Tilt’s Automatic Tournament Deals allow those players the option of making a deal for all or part of the remaining prize pool. By choosing either automatic or custom deal structures, players decide how the prize pool is awarded.
Types of Deals
Players choose from two formats for establishing final payouts when making a deal:
- Independent Chip Modelling (ICM) – The Independent Chip Model (ICM) calculates the probability of each stack finishing in each prize position to determine the true equity for each player and compute the fair payouts
- Custom Deal – The player in control of the deal enters payout amounts into the Custom fields and adjusts until all players agree. Please note, custom deals are not available if any player involved in the deal is using a mobile device.
Please see below for further details.
Making a Deal
Players may choose to make a deal when they reach the final table, whether they’ve reached the money or not. Once all players select Make a Deal, the Make a Deal screen will appear and they’ll be able to discuss terms in the dedicated Tournament Deal chat box.
The player in control of the deal is responsible for selecting deal terms and completing required fields based on input from the other players. Control of the deal is assigned to players as follows:
- Flop-based games: the player who would be on the button in the next hand
- Stud-based games: the player in the fixed button seat
- Mixed Games: the player who would be on the button in the next flop-based game hand
Any player may decline the deal at any point in the process by selecting Cancel Deal. Additionally, the player in control can choose Pass Control of Deal and select another player to enter details into the Make a Deal screen.
Play will be paused for up to 20 minutes while a deal is being discussed – only players involved in the deal will be able to participate in the Tournament Deal chat box. If a deal takes longer than 20 minutes to complete, the deal will be cancelled and normal play will resume.
Once a deal has been proposed, players can accept or reject the terms. All players involved must select Accept for the deal to be confirmed. Please note that once a deal has been accepted by all players, the conditions are final.
Take advantage of Full Tilt Poker’s Automated Tournament Deals and strike a deal the next time you make a final table.
ICM: More Details
Determining the true value – or “equity” – of each chip stack in a tournament can be a complicated process. One of the best ways to do this accurately is by using the Independent Chip Model (ICM). With this method, the probability of each chip stack finishing in each possible prize position is computed. Those probable finishes are then combined to obtain an accurate approximation of each stack's fair value.
In more detail, the values for all players and all positions are computed recursively. The chance of a player finishing first is assumed to be directly proportional to their fraction of the chips. This algorithm works as follows:
- If Sarah has 20% of the chips, her chance of winning the tournament is set at 20%
- Now Sarah's chips are removed from the total, and the values for each of the remaining stacks finishing in 2nd place are computed
- Similarly, the process is repeated from 3rd place to last place
Eventually, every possible outcome of the tournament is covered, yielding the full matrix of probabilities for every player finishing in every position.
It is an expensive calculation, but Full Tilt Poker programmers have developed the fastest known algorithm to compute these values, thereby making the fairest possible settlement values readily available to our players for tournament deals.