Yes slaman29 but you shouldn't forget the Time Weight Multiplier which gives you a boost on the final odds, even when it is already low.
The time weight multiplier doesn't always increase the winning amount.
Assume that the prize pool is 1 BTC and there are 100 winners.
If there was no time weight multiplier, each of the winners would get 0.01 BTC.
The time weight multiplier makes the profit of those who placed their bet early more than 0.01 BTC and those who placed their bet late less than 0.01 BTC.