Just was thinking about EV today, since I'm having my first big under EV swing the last week or so (like $50 below EV on NL5 which is a lot for one week). I also just dloaded pokertracker which gives me so many more stats then elephant and these made me think of some things.
Shouldn't a normal player be naturally over EV? I'm probably not inventing anything, but this logic came into my mind thinking about it today. For example, on AA I have 91% win rate according to pokertracker. This means I'm over EV doesn't it? But wouldn't you naturally have a higher win rate then EV when you reach showdown mostly when you're ahead and fold before showdown when behind (like a good player should/would)? And so forth with all hands, thus creating a natural positive gap between EV and actual winnings for a winning player? For example when I first saw my EV graph on pokertracker, and saw I had been above EV in NL2 I was like, what the hell, does this mean I was just lucky and didn't play well? And lol, I was pretty sure I wasn't a very lucky player. And just now in NL5 the two lines crossed sickly, two totally opposite sloping lines.
And on the other hand, if you are under EV, it just might mean that you haven't been folding hands that are preflop +EV enough when behind before the showdown. If the money was always in preflop and your aces are getting 60% win rate, then yes of course I'd believe you that you are having bad luck. But I think many of the -EV calamities people post on the forum might be just them veering off ideal play for that period of time and taking hands to showdown when they're beat? (not excluding me from here) If the logic above is a correct, a bad or losing player should be naturally under EV too, or it could also be a good player that veered off ideal play/unplugged some leaks for whatever reason.
I'm not sure what conclusion to come about bad beats, since getting a streak of turn/river bad beats when 90%+ ahead on the flop, doesn't show so directly, ie you'd need to have a "post flop" EV to really gauge the effect of these on a downswing.
I guess the conclusion would be, if my logic is correct of course, that running under EV should also be a situation you examine carefully instead of taking it as an unjust disaster that happened to you.
I did read the article on how EV is calculated, can't really relate the math to all this theoretical situation I'm proposing though.