Here's an article which shows optimal
short stack play when HU:
http://www.cardplayer.com/magazine/article/15250
You can't use it 3-
handed, but if you look at the chart, your 95o wasn't quite good enough to
push HU, so it is certainly not good enough 3handed.
ICM is Independent Chip Model. It is a fairly accurate model of the
expected value of prize money for each
stack size in a tournament assuming equal skill among players. What it does is assume that each player's chance of placing first is the same as their proportion of the total chips in the tournament. The rest of the places are determined in the same way and the chance of each place is multiplied by the prize for that place and they are all added up giving the EV in prize money.
Here's an example of how it works if you are interested:
Suppose 3 players are left in a
SNG with 50-30-20 payout and their stacks are 5000, 3000, and 2000. Here's how to get the
expected value of the big
stack:
He finishes 1st 50% of the time because he has 50% of the chips.
When the middle
stack finishes first (30% of the time), he will finish 2nd 5/7 of the time (his proportion of the chips remaining between him and the
short stack) and will finish 3rd 2/7 of the time.
When the
short stack wins (20%), he will finish 2nd 5/8 of the time and 3rd 3/8.
The chances of each place are:
1st: 50%
2nd: (30% * 5/7) + (20% * 5/8) = 34%
3rd: since he must finish third when not 1st or 2nd, we
don't have to do as much math ... it's all that's left: 16%
Now each of these are multiplied by the prize and added:
(50% * .5) + (34% * .3) + (16% * .2) = .384
So the big
stack expects to win 38.4% of the prize fund
But you
don't have to do any math, that was just so you know what's going on if you use
ICM. Fortunately, you can just go this webpage and plug it all in:
http://sharnett.bol.ucla.edu/ICM/ICM.html
Now the big question is 'why is this useful?'
Well, it's useful because each chip you gain in a tournament actually has a lower real money value than the one before.
Straight pot odds calculations are correct for money games, but are not correct for tournaments. This is because you have a theoretical endless supply of chips in a money game (because if you bust, you can
rebuy), but if you lose all your chips, you are out of a tournament.
There is a 'how to use' link on the
ICM calculator. This shows you how to use it to make decisions. This is not a tool for use while playing, but an analysis tool for checking your play and studying up on how to play correctly in tournament situations. I used the
ICM calculator and pokerstove to get the results I posted earlier in this thread. Basically you want to estimate your winning chances (I use pokerstove by putting in the
range of hands I think my opponent may have against my hand), and then do the
ICM calculations for 3 cases: when you
fold, when you
call and win, and when you
call and lose. If it is you pushing, you need to estimate the chances your opponent will
fold, and then the 2 cases where he calls and you either win or lose. Multiply the EV from the
ICM calculator for each
case by the chance of it happening and compare it to what happens if you just
fold. If folding has a lower EV, pushing/calling is the better play.
And yes,
top 70% is
top 70% of hands ranked by HU value.