Re: Where ICM is lacking?
ICM doesn't lack. The only time ICM can even be refuted is in a situation where taking a slightly -EV call in order to have a bigger stack and abuse ICM more later on.
Skill in SNGs comes down to how well you know ICM. Don't fool yourself into thinking you can outsmart someone playing an unexploitable strategy.
It is unexploitable. SNGs are a mathematically solved game. They are very different from cash games in this respect.
You can make preflop raises that are all in if the blinds are not big, but once those blinds get up to where you have 10-15 BBs, you better be pushing and folding.
Edit: As far as giving up +EV spots for better ones later, that is a flawed concept. ICM deals with +$EV, which means that you will make more money by making the plays. Folding +$EV hands will lose you real dollar value in the long run, its as simple as that.
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