Nice EV line discussion
The EV line only adjusts for how you do in all-in situations (as Ghaleon, Prim and others have said). There are many other types of luck -- in any format, tourney or cash game -- including how frequently you're dealt premium hands and the types of setups that occur. For example, you're dealt KK in SB and BB has AA, you get it all-in pre and lose. In this hand, you're lucky to be dealt a high PP, very unlucky that BB has the one higher PP, and slightly unlucky to lose getting it in as a 20-80. But the EV adjustment will only look at this last type of luck, that you had 20% equity yet ended up with 0% of the pot.



