@ahad,
For a given Nb and Nr, you could use Markov chains to determine probabilities for each possible distribution. Once you have the probabilities, the expected value is simple to compute. It will take some work to figure out the transition probabilities.
If a 2/2 split turns into 4 red, then at t=1 both colors will have a multiple of 4 balls. That means your matrix for the Markov chain requires states only for multiples of 4 (fewer states and fewer transition probabilities to calculate).
If Nb and Nr aren't multiples of 4 at the start, you will still have to calculate the probabilities for going from the t=0 distribution to the t=1 distributions that are all multiples of 4.
I manually worked out the matrices that would be used beyond t=1 (if not starting with multiples of 4 for each color) for Nb+Nr = 4, 8, 12, 16. The row and column headings are the number of blue balls.
They are:
Code:
0 4
---
0|1 0
4|0 1
0 4 8
-------------
0|1 0 0
4|18/35 17/35 0
8|0 0 1
0 4 8 12
-----------------
0|1 0 0 0
4|4/5 1/5 0 0
8|0 12/55 43/55 0
12|0 0 0 1
0 4 8 12 16
--------------------------------
0|1 0 0 0 0
4|58/65 7/65 0 0 0
8|72/715 472/715 171/715 0 0
12|0 0 54/455 337/455 64/455
16|0 0 0 0 1