40% chance of beating NW
40% chance of beating MN
3% chance of beating Penn State
35% chance of beating Iowa.
Feel free to check my math.
EDIT: Also, they're not out of air. They're from ESPN's FPI. Feel free to argue that their numbers are bulls#!t
Can confirm.
Using ESPN FPI:
NW
40.5%
Minn
40.7%
PSU
3.1%
Iowa
35.1%
Odds of each record are:
4-0
0.2%
3-1
6.5%
2-2
28.1%
1-3
43.0%
0-4
22.2%
So a 34.8% chance of 2 or more wins.