Would be funny if that happened. Then again 2000 currency is rather puny.
About 1 or 3, it just hard to pinpoint. Unlike real horse race or something similar, odds never indicate if they will end in better place. With vague "higher place than odds" from Iris with the exact same double circle, we don't have solid indication if lower bet will end in better place than higher one. (Then again, I don't have any real experience on any kind of gamble)