What is expected value? Expected value, put most simply, is the value you can expect to extract, on average, from a single entry placed into BBMIV. The expected value per entry in BBMIV, based on the calculations in the tables below, is $22.14. Put another way, you can expect to make back 88.58 percent of every $25 entry you place into BBMIV (or you can expect that $2.86 of every entry placed into the contest magically vaporizes as soon as the draft commences, for you cup-half-empty folk).
Now, it is important to note that expected . . .