Overcoming the 10% Juice in Sit-N-Go

The juice seems too big, but no so after doing the math.

# of Players:  6

Buy In:  10¢ + 1¢

Prize:  1st - 42¢, 2nd - 18¢, 3rd - 6th 0¢

Average Players Chance of Winning 1st or 2nd:  1/6 or 16.7%.  So at this win percentage the  average player's average win per round would be 60¢

Cost: 11¢ x 6  or 66¢

Break Even:  x = the higher win percentage to break even
42¢x + 18¢x = 66¢
x = 1.1
1.1 / 6 = 18.3%
So the break even percentage per hand is 18.3%, a bit more than 16.7%. With the better players
at the higher stakes, the micro sit-n-gos should have many loose players.