[ QUOTE ]
if you want to put your entire life's savings on the line with an 11-to-10 shot, be my guest.

[/ QUOTE ]

I would argue this is -$EV.

Retaining my life savings allows me to continue to make +$EV choices. Taking the 11-to-10 may be +cEV in the tournament of life, but it's still -$EV. My current savings of $X has greater $EV than X over the course of my lifetime.