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Old 10-12-2007, 11:25 AM
Crash0veride Crash0veride is offline
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Join Date: Apr 2007
Location: the busto /rubusto cycle
Posts: 318
Default Re: MTT 101 question...good definitions of cEV & $EV please

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Expected Value – the expected profit or loss associated with a decision.

$Ev...expected value in dollars.
cEV...expected value in chips.

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so $Ev...expected value in dollars is the macro version? How much actual money you stand to make from a tournament perspective rather than the hand itself?

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I believe it works both ways but in tournament play, $EV in tournaments lie in your equity in the whole tournament but making +EV play consistently throughout the tournament in creases your expected value and therefore also your equity.
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