re: Poker & Strategies for Playing Progressive Knockout Tourneys?
(EV) is the amount of money you would win or lose on average on your bet.
The $EV, which is important for the ICM, is the monetary equivalent of the EV. Since you don't convert your chips to money in a tournament, but try to rank as high as possible, the $EV helps you with the question: How will this action affect my expected value and my place in the ranking?
$EV very importand in progressive KO, your goal to maximise the $EV. That is why many calls vs players with short stack, when you have any two cards will be always profitable, you can win more money...