by Jake Jacobs
10 August 2008
A recent letter from one of my regular correspondents expressed surprise that a certain logical assumption he had made about races turned out to be wrong. My friend assumed that if a ten-percent race lead meant seventy-five percent winning chances that would be true regardless of the pip count. My friend is often surprised by things that have been common knowledge for decades, so last month working under time pressure I thought I'd whip up a couple of illustrative positions, and explain why as the race lengthened the pip percentage needed to win grew smaller.
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