$EV calculation and meaning

[Wrecks]

I'm still getting to grips with the stats and wanted some help with what $EV represents in the reports section. How is this value calculated and what does it represent exactly?

Any explanation much appreciated

[udbrky]

Here is our Video regarding the EV function of HM - http://faq.holdemmanager.com/questions/120/EV+Explained

Here are some threads explaining Equity.

http://forums.holdemmanager.com/manager-general/24059-ev-not-all-situations.html

http://faq.holdemmanager.com/questions/120/What+Does+The+All-In+EV+Graph+Tell+Me%3F+

http://forums.holdemmanager.com/showthread.php?t=20994

http://forums.holdemmanager.com/showthread.php?t=17621

http://forums.holdemmanager.com/showthread.php?t=20000