You have AK on 237JQ no flush board. On the river his range is exclusively T4 and KT.
You beat T4, but get no value from it. You beat KT, and may get value from on the river with your bet.
The two questions aren't mutually exclusive.
Also, in the above example you get 0 value from T4 and maybe KT if you bet river, but if you check.....