This is a great point that many overlook. And even those who do think about it may not understand why it matters. Since all teams' pick percentages are adjusted by the same relative amount, what changes? Expected Value is what can change. Teams that were moderately picked and become chalky will affect EV differently than a low-owned team moving by the same relative amount. You can see a real-life example of that in tonight's SuperContest Survivor picks. Before Dallas played, the single New England picker had the lowest EV (other than the Cowboys), but with the pool now down to 16 entries, it has become a slightly higher EV than all other picks.