Yesterday, I dashed off a post regarding proper Jeopardy! betting tactics based on the unusual circumstance of a tie for first place on last night’s episode. I encourage you to go read it (How to bet, and not to bet, in Jeopardy!), but the conclusion was:
Third Place. Here is where I see the most bad betting and tonight’s show was no exception. As the player in third place, you need to know 2 things. One, you will only win if both of the players ahead of you going into Final Jeopardy! get the question wrong (unless they bet poorly). Two, you’ve already proven over the course of two rounds of Jeopardy! that they are at least a little bit better than you at the game. … the scenario where both of them get it wrong and you get it right is pretty rare. You are best off betting as if the only way you can win is where everyone whiffs. … In this case, the correct bet for the player in third was no more than $2,800 and in reality, should have been zero.
To my delight and surprise, Natalie Hudson, the woman who came in third place on last night’s show, actually came here to Sportsgeekonomics and shared some of her insight. First let me share that with you (it’s in the comments of the previous post, but it bears repeating):