I really like ideas 2 and 3, but idea 1 is part of the game,
personally, I have been taking relatively smart, but risky picks from round 3/4 to try and catch up, I've managed to atleast have a small chance at winning, if all the leaders lose, etc...
As you can see, my POV is heavily biased, because I've been a risk taker in this event, but you understand don't you?