Quote Originally Posted by TLR
IF you define EV as 'I take into account all factors, including the probability of future hands according to the blinds structure' we have no arguement, however EV usually refer to the specific hand played, without taking into consideration future hands
EV is YOUR expected value of a decision based on your judgements of your probability of winning chips converted by some means into a $ value. I use ICM but it may not be best.

your probabilities can and should take all things into account