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The Dependent Chip Model (DCM) is proposed as an alternative to theIndependent Chip Model (ICM) usually employed in poker tournament negotiations.DCM constitutes a recursive exploration of a multiplayer Texas hold'em pokergame tree tracking. The DCM procedure considers all players as having exactlythe same playing skills and probabilities to win a single poker hand, butsubmitted to their stacks in order to survive along the successive hands. So,the final differences among bestowed prizes arise purely from the initial chipamounts, hence the name of this new proposed procedure. By considering DCM, thefirst podium positions usually collect more money than the amount granted byICM. Conversely, the last podium positions receive less money than thequantities proposed by ICM. The differences among both methods sometimes leadto take distinct actions in tournaments. This can lead to very importantmonetary implications for professional players.

The Dependent Chip Model (DCM): a simple and more realistic alternative to the Independent Chip Model (ICM)