Formula
Expected drops = participants × opportunities × (drop chance ÷ 100)
Expected value = expected drops × average item value
The no-drop probability for one participant is (1 − drop probability)opportunities.
What the result means
Expected value is the long-run average economic value distributed if the same event were repeated many times. It does not predict the exact count or value of drops in one session.
Item value is user supplied. Use a consistent basis—cash value, marketplace value, or internal economy value—and do not mix them.