GlossaryTournaments

Pay jump

The extra prize money for finishing one place higher.

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What it means
At a final table every bust-out moves the remaining players up a place, and each place pays more than the one below it. That difference is the pay jump.
How it is calculated
Look at the payout gaps. When they are big, ICM grows: outlasting a short stack is worth real money, so medium stacks fold more and gamble less.
Worked example
With 4 left paying 50, 26, 15 and 9, the jump from fourth to third is 6 points of the prize pool. A medium stack that busts now gives up that jump and more, so it avoids flips against stacks that cover it.
Why it matters
Pay jumps are why final table ranges differ from chip EV charts, and why a short stack's all-in affects everyone else's decision.

Try it: Push/fold calculator, ICM calculator

See also: ICM, Chip leader, Risk premium