ICM Simulators use the Independent Chip Model to calculate the optimal Push or Fold decisions but they are not the same thing as ICM calculators, an ICM calculator determines the prize pool value of each chip by evaluating the remaining stack sizes, the payout structure, and the total prize pool. The term ICM is sometimes misunderstood to mean a hand simulator which helps a player make decisions in a tournament, PokerTracker 4's replayer includes an ICM Simulator to review the your play in tournaments as well as a ICM Quiz available from the Tools menu which can be used to train you to learn the correct ICM Push or Fold situations. The probability of finishing is multiplied by the prize amount for each position, these numbers are added together to determine the players overall equity. ICM is a mathematical model used to calculate a player's prize pool equity in a tournament final table using stack sizes. Net Adjusted Winnings is calculated by correlating the ICM (Independent Chip Model) value of each chip, the size of the pot, and the All-In-Equity adjusted winnings in Chips.
