Re: How favorable was this chop?
(Risk of finishing 4th) * 2,400 + (Risk of finishing 3th) * 2,100 + (Risk of finishing 2nd) * 1,200 >> $400.
Let's say for arguments sake that one time of out 20 things go horrible wrong and you finish 4th. One time out of 10 you end up as #3. And one time out of 5 one of the other scoops up the small stacks and beat you HU.
Well, that's already $120 + $210 + $240 = $670. This is a very optimistic assessment.
You bought $670 for $400 = 68% profit. Nice.
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