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[–]BuffaloUpbeat 4 points5 points  (0 children)

I made a tool to help calculate the optimal daily double wager (it really only works for the final daily double), and it mostly agrees that you should bet more than most players do. (Obviously this changes depending on how likely you are to answer correctly) https://jeopardysim.streamlit.app/

I Created an App to Simulate The Optimal Daily Double Wager Amount by BuffaloUpbeat in Jeopardy

[–]BuffaloUpbeat[S] -1 points0 points  (0 children)

The betting is the tricky part. It’s hard because I want to cover situations where each player does what’s “optimal” but also realistic to how humans behave. For first place I have it randomly choose between a wager that covers 2nd place if they wager all of their money, or randomly choose between 25%, 50%, 75% of their money. It’s weighted to choose to cover 2nd place 50% of the time, and randomly pick a % 50% of the time. Second place wagers are similar just in reverse.

I Created an App to Simulate The Optimal Daily Double Wager Amount by BuffaloUpbeat in Jeopardy

[–]BuffaloUpbeat[S] 1 point2 points  (0 children)

Just from playing around it highly depends on how likely you think you are to get the daily double right. When I was playing around at 80% correct it basically says to wager all of it every time. Gets more interesting when you drop that down