I didn't say people don't care, but that the EV is not relevant for calling it an asymmetrical bet. The EV may also be under 1 for the value but may be >1 for

I didn't say people don't care, but that the EV is not relevant for calling it an asymmetrical bet. The EV may also be under 1 for the value but may be >1 for utility. That can easily be true for things with more moderate returns than the extremes of lotteries.