Can someone tell me how to calculate this?

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In a winner-takes-all football pool with a $400,000 prize and 27 players remaining, the expected value for each player, assuming equal chances of winning, is calculated by dividing the total prize by the number of players. This results in an expected value of approximately $14,814.81 per player. The calculation reflects the scenario where all players have an equal likelihood of winning. Therefore, the expected value is equivalent to an equal distribution of the prize among the participants. Understanding this calculation is crucial for assessing one's equity in the pool.
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I'm in a football pool where it's winner takes all. 1st place pays $400,000 and 27 players remain. What is my expected value or equity right now with 27 players? How do I calculate this?
 
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Assuming all players are equally likely to win, and you haven't given any information that would allow us to calculate expected value under any other assuption, your expected value is simply 400000/27= $14814.81. If everyone is equally likely to win the expected is exactly the same as dividing the pot among the players equally.
 
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