Can someone tell me how to calculate this?

  1. 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?
     
  2. jcsd
  3. HallsofIvy

    HallsofIvy 40,959
    Staff Emeritus
    Science Advisor

    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.
     
  4. Tyvm Ivy
     
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