Actually 10% would be correct for 1st lowest only - 2012. On three more occasions, the minimum was 2nd lowest; 2008, 2011, 2016, with each year knocking the previous out of second place. Hence, the answer is 40%. Not sure about expected percentage.
OK....then is there any other guess that has a higher skill?
That is, is there any good reason for me to guess anything other than 1st or 2nd place every year?
So, first of all, I personally dislike the rank-based polls, because as we've all pointed out, the clustering vs dispersion of various years' extents means that the widths of the various ranks are wildly inconsistent. Currently, "second place" consists of a range that's 0.84 million km2 wide. But another 0.84 million km2 would encompass everything from 2nd to 9th (!) place.
It's much less ... fraught ... making predictions for the value of extent, rather than its historical rank relative to other years.
Having said that, over the past decade, if you used the predict-o-matic each year at this point in late May to predict the annual minimum extent, you would have had a mean absolute error (MAE) of 0.47 million km2. If you just picked first place every time -- i.e., you picked the 2007 extent up until 2013, and then used the 2012 extent after that -- you would have a MAE of 0.96 million km2.
So just guessing the extent corresponding to 1st place would result in an error that's about twice as large as using statistics.
If you set each year's guess to be equal to the second-largest historical extent, you'd do better (MAE 0.49) than guessing first, but still not *better* than using statistics.
As for trying to predict ranks, rather than actual extent ... it would take some tinkering to get the predict-o-matic to retroactively figure out the integrated probabilities of different ranks in the past, but if you just convert its single most likely extent value to a rank, that would give a MAE of 1.3 "places" for using stats, vs. 2.5 places for always guessing 1st place, and 1.7 places for always guessing 2nd place.
The bottom line: Always guessing first place would have performed poorly over the past decade. Always guessing second place would have performed better.
But using statistics to predict the outcome based on current extent would have performed better than either one ... and as the season goes on, its predictions tend to improve.