But that's holdem. I don't think you can apply that to PLO just like that.
I'm trying to gather the same numbers for the microstakes. One step of course is to reproduce your thougt process. And there is the problem. Right now I don't know if I miss your point, don't unterstand EV or if there is an other mistake.
I get the same numbers for preflop-EV and for postflop-EV. I also get why you weighted them 50:50 - but I don't know if you really should do that.
I would argue if you look at all three states indivually you get a negative result. 50% chance that BB folds and we win +1.5BB. On the flop we have 40% chance winning 3 (BB called our 2.5 + 0.5 from SB). But this 40% only occurs half of the time; the other half of instances BB already had folded preflop. So overall 20% of the time. The remaining 30% of times we lose our initial 2.5BB raise and our 2.75BB stab (= -5.25). 0.5*1.5BB+0.2*3BB-0.3*5.25BB = -0.225BB.
Maybe you could shed some light upon this.