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Professional athletes will tell you the difference between first place and second place is incredibly small. To gain a little perspective, look at it like this: At the Daytona 500, the premier NASCAR stock car race, between 1995 and 2004, the average margin of victory was only 0.241 seconds. The difference between first place money and second place money—a whopping $452,116. That means the additional prize money for finishing first was an astounding 68 percent.
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