True, but even with lottery odds, if you finish with worst record or 4th worst record, the worst position that you can draft in changes remarkably. As I was alluding to, if there are 5 players at the top of the list, and tanking means the difference between the 4th and 7th pick (assuming lottery balls do not fall your way), that is still a potentially large difference. If we were to offer the pick in a trade for a different player, there will be a difference over what teams are willing to pay, even in a 3 spot difference. That 1% increase for the top pick still can mean a lot more than just 1% if other teams jump or don't jump you in the lottery. Plus, because there are three lotteries, losing the #1 pick isn't the worst thing, as your odds could go up considerably for the 2nd pick.
The #1 pick still allows you to have the choice of any one of the 5, whereas the 4th pick only guarantees that two of the top 5 are what you get to choose from. If the crystal ball says that 4 of the 5 top players will wind up in the HOF, you have an 80% chance of picking one of those players from #1 spot. If picking 4th, and the first 3 to go are all players in that group of 4, you have a 50/50 shot of taking the HOFer if it comes down to those two. You always want to have more possibilities available, as opposed to fewer.
That where I was trying to get at - in the McEichel sweeps, it was all about being in the bottom 2. Even though this draft is not as inherently strong up top, there is still a cutoff point of the most attractive players at all levels of the 1st round. It may be 1, 4, 5, or 20 players deep. You want to position yourself as best as possible for that gap between the top and second tiers.
Perhaps this format will better illustrate to you what 1% looks like.
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