Here's a 2+2 thread that defines the terms and gives examples. The key definitions (but the rest is interesting as well):
EV = expected value …Additional links:
Cev stands for 'Chip Expected Value' it shows your expectation (profit or loss for each play) based on the number of tournament chips won or lost.
$ev stands for 'Dollar Expected Value', this shows your expectation (again profit / loss) based on your current prize pool equity. That is the amount in dollars that your chip stack is currently worth based on your average chance of finishing 1st, 2nd, 3rd or in the non-paying spot of 4th.
2+2 Thread
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