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1

1
2

1
1

0.01
1
5
10
25
50
75
100
200
300
400
500
750
1,000
5,000
10,000
25,000
50,000
75,000
100,000
200,000
300,000
400,000
500,000
750,000
1,000,000

2,500
250,000
-

Expected Value
Offer
% Chance of Beating Offer

2nd offer
3rd offer
4th offer
5th offer
6th offer
7th offer
8th offer
9th offer

252,500
277,000

9.7%

50.0%
% Chance
Discount
(58.00%)
(18.81%)
(16.27%)
37.5%
(45.51%)
33.3%
(33.62%)
20.0%
(17.24%)
25.0%
9.73%
33.3%
9.70%
50.0%

202,000
89,000
77,000
120,000
203,000
277,000

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