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[QUOTE="Stu_Ungar, post: 1227731, member: 39779"]
Its rare!!

TBH I have only ever seen extreme theretical examples of it.

I.e. you are the chip leader on the final table.  There is a player with nearly the same amount of chips as you. There are 6 other players with virtually no chips.

You hold AA, and raise in EP, players 2 and 3 go all in and then the second place chip leader shoves.

At this moment in time you are virtually guaranteed 2nd place.  By calling you either guarantee first place or risk going down to 6th place if you get sucked out on.

The ICM allows you to quantify the risk reward situation you are in.. and sometimes.. in extreme cases it says that folding AA is your bet course of action.

By waiting out a few hands and allowing others to go bust, you guarantee a battle for first place with only 2 players in it (and you are one of them).. at that point you guarantee a second place finish but still have a good chance of winning.

In the previous example you have a good chance of winning, but risk taking 6th place if a suckout occurs.
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