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Putting aside the ludicrousness of placing Memphis ahead of Cincy, this is an obvious falsehood. For expansion to double the chance of the B12 getting one team in the playoff every year, their chance of getting a team in without expansion would have to be less than 50%. No way that's true.
Possibly expansion halves the possibility of not getting a team in, say from 30% to 15%. But that seems unlikely when you're adding two teams unlikely to make it in.
The teams coming in aren't the point. The point is that -
1) having a CCG game increases the chance that your best team gets in, and
2) going to an 8-game conference schedule makes it easier for your best team to go undefeated