Poker term
Chip chop
A deal that splits the remaining prize money in proportion to chip counts. It overpays the chip leader and underpays short stacks compared with their true equity, which is why short stacks should insist on an ICM chop instead.
Frequently asked questions
What is a chip chop?
A deal dividing the remaining prize money in direct proportion to each player's chip count.
Is a chip chop fair?
It favours the chip leader. It ignores the fact that every player is already locked into at least the next payout, which is value a short stack holds regardless of chips. An ICM chop accounts for that; a pure chip chop does not.