I am still tilted from what I just saw on today's finale of the teen tournament on Jeopardy. So it was a two day total point final. Whoever gets 1st is guaranteed $75,000, 2nd gets $25,000 and 3rd gets $15,000. If they happen to end with more than that they get their actual total instead.
Elise, the heroine of this story who might challenge Archie Karas in gamble, took a huge risk on Final Jeopardy on the first day (which I am ok with, though that was a bit reckless too) and ended with ~22,600; 2nd place had ~11,800; and 3rd place had 10,000.
Going into final jeopardy on the second day, Elise crushed everyone and had ~29,000; 2nd place had ~16,000; and 3rd place had ~12,500. Neither player could overtake Elise's two day total even if they wagered it all and got it right, so by wagering $0, Elise would guarantee herself $75,000. Instead, she made an INSANE wager of $28,000 and miraculously luckboxed her way into a correct answer. Unbelievable!
So when all was said and done she cashed for ~$79,600 (just $4,600 more than if she wagered $0). If she got the question wrong she would have been left with just ~$23,600. So in a sense she risked a little over $51,000 to win about $5,000! She was laying over 10:1 that she would get final jeopardy correct. As if that wasn't crazy enough, unless her family is loaded, it is much much worse considering she should be risk averse concerning this amount of money.
I think it's most likely the case that she didn't understand the rules of the tournament. Wow is she lucky she got the answer correct! A mistake like that for that much money might well have haunted her for the rest of her life.
Going into final jeopardy on the second day, Elise crushed everyone and had ~29,000; 2nd place had ~16,000; and 3rd place had ~12,500. Neither player could overtake Elise's two day total even if they wagered it all and got it right, so by wagering $0, Elise would guarantee herself $75,000. Instead, she made an INSANE wager of $28,000 and miraculously luckboxed her way into a correct answer. Unbelievable!
So when all was said and done she cashed for ~$79,600 (just $4,600 more than if she wagered $0). If she got the question wrong she would have been left with just ~$23,600. So in a sense she risked a little over $51,000 to win about $5,000! She was laying over 10:1 that she would get final jeopardy correct. As if that wasn't crazy enough, unless her family is loaded, it is much much worse considering she should be risk averse concerning this amount of money.
I think it's most likely the case that she didn't understand the rules of the tournament. Wow is she lucky she got the answer correct! A mistake like that for that much money might well have haunted her for the rest of her life.
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