Here's the latest update to the simulation. The first two graphs disagree slightly, and that's because I have two different methods to calculate the expected net run rate. The first one seemed to be slightly more accurate than the second, but there was not a big difference when I tested them. (The margin of victory in cricket matches is actually really difficult to estimate - teams batting second tend to cruise to victory rather than try to win by as big a margin as possible) I decided to use both when doing the calculations. With the first method, New Zealand and India both have a higher than 99.98% probability of going through, while it's 99% for India and 97.7% for New Zealand with the second method. These seem more realistic.

The big thing to notice is the change to England's probability, and how England beating India damaged the chances of both Pakistan and Bangladesh. Pakistan's probability went down by slightly more than Bangladesh's probability because the ranking of India dropped slightly, and Bangladesh need to beat India to get through.

This graph shows expected value - not the most likely value. Those are actually different things. The expected value is the mean of all the expected outcomes. As a result, none of the teams will actually end up with the points that this shows, but they should mostly get close to it.

It's now looking like there's a roughly 45% chance that net run rate will be a deciding factor in who goes through to the semi-finals.

If Bangladesh beat India (which is admittedly a fairly unlikely outcome), we could then see a situation where Pakistan and Bangladesh are playing for the opportunity to be level on points with New Zealand and India on 11 points. If that is the case, then (in all likelihood) the rained out match between New Zealand and India will have allowed both to progress at the expense of the winner of Pakistan vs Bangladesh.

The most likely semi-finals at this point are Australia vs New Zealand and England vs India, but these are by no means confirmed yet.

In individual matches, England effectively has a higher ranking than that, because teams playing at home get a ranking boost of 0.86 over their opponent. That's why I have England back on top in the next graph:

This one is quite different to what the book-makers have. I have England as favourites, while they have India and Australia both tied for favourite on roughly 30%. They also have Pakistan and Bangladesh at about double the probability that I do.

I used the first net run rate model for the winning probability, but the difference in numbers suggests that the bookies are possibly using a model that is more similar to the second one.