+2.20%

**Probability of profit**: 42% (if C, D, or F wins) - **Probability of loss**: 58% (if anyone else wins) - **Maximum loss**: -12.4% (bounded and manageable) - **Maximum gain**: +38.2% (if Whitmer wins) - **Sharpe-like ratio**: 2.20% / 19.3% = 0.114