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Message: [QUOTE="c9h13no3, post: 1390216, member: 15450"] It only calculates an all in EV if you are all in before showdown. Otherwise, it just figures your EV is the same as your actual winnings. So if we're playing $50NL, and we both have 100bb stacks, and I jam QQ and you jam AKs preflop, then your EV is about -$5, and mine is $5 (because QQ has roughly a 55% chance to win against AKs). Thus, if you do that 4 times, the QQ hand would be up $20 on average (and thus would have an EV of $20). However, if you lose all four times with QQ, your actual winnings would be -$200. It shows you that you're running bad. However, there's a ton of other ways to run bad playing NLHE that EV doesn't take into account. So you could actually be running awesome, but be below all-in EV, or vice versa. [/QUOTE]