Isn't it quite a bit more? Because in calculating expected value, isn't the likelihood or unlikelihood of a loss is factored in?
That's sort of what I mean. The EV resolves into an actual value, which in a game with two out comes has two values. One a loss, and one a win. There is no expected value, there's just an actual payment.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829