What Happens When Playing Chip EV and ICM Is Significant

Potover Summary

Just how costly is it to play a Chip EV style when ICM is significant? We always knew it was a mistake, but we now have an answer thanks to this recent article from Tombos21. He started his search by mapping out the stages of a tournament. Via the data of single-raised and 3-bet pots, it’s possible to empirically demonstrate the average $EV loss of sticking to a Chip EV strategy. It turns out that doing this can cost you as much as 30% of your buy-in in EV. It’s likely much more though, as only

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