ITM is an acronym for the phrase “in the money,” which is used in poker to denote that the money bubble has burst, and all players remaining in the tournament will be getting a payout, i.e., they’re all “in the money.”
For example, you might hear a poker player say: there are 100 players left in the tournament, and 80 are ITM. This means that 80 of those 100 players will receive at least the minimum payout, while 20 will go home without any cash.
The term ITM is very popular and used a lot on poker forums and social media, so you likely came across it quite a few times in the past. If you were confused about its meaning, now you know what it stands for, why poker players are excited to “be ITM,” and how you can use this expression to describe your tournament experience.