Grammatical English is an extremely restricted subset of all strings of characters. You can actually see for yourself that it's in the ballpark of a bit by going to a book, covering up a line, reading the context, and trying to guess the next letter one at a time. I get it 3/4 times, and would probably be down to 1/2 if I had to do it the right way.
Consider the difference in entropy between this totally randomly generated password, consisting of 4 words each from a pool of 100,000:
Correct Horse Battery Staple
4lg(100000) = 33
And this one of the same length where each character was chosen from a bank of 68:
VIW&jubiHZUgBrFA8PI9Vy1E(%G
28*lg(68) = 170