[quote name=\'davidbod\' post=\'256934\' date=\'Feb 11 2011, 10:13 AM\']A typical one (with 'less than a miute' already called) had the leader on $19,500, and 2nd place had $10,400 (3rd place is far behind). Player 2 then hits DD and bets, reluctantly, $1000. He misses and, no surpise, time up is called and it's a lockout.
Surely you should either bet the farm (if you like the DD category more than your average FJ! performance) or $1 (if you don't).[/quote]
A third alternative is discussed among Jeopardy fans, but it takes some awareness and some quick math skills. Using your example above, Player two should bet $650 and then miss on purpose. That leaves him with exactly half of Player 1's score. The idea being that in the final, Player 1 bets nothing (preserving a guaranteed payday) and Player 2 just has to get it right to claim his prize. Of course, that only works if it is, in fact, the last clue of he game, and you still have to get FJ right.
That gives you a better chance to win than a minimum bet that merely prevents a lockout. And you're right, if you like the category, going all in right then gives you the potential lead and a much better position in FJ. And you're also right that a lot of very smart people do not think about any of this when they get on the show.