Where I mostly play you need to be flexible on strategy. Some nights can’t get any shooter more than 6 rolls if you’re lucky. I usually switch between don’t hedge, iron T no don’t. And light side. If you only play one strategy. Chances are your going to lose. Jeremy has preached this forever. Great channel. Great advice.
I honestly think the best way to attempt this strategy is to first, look around the table at everyone's chips, and/or second, ask how the table is doing. If you see a lot of chips but no one can answer your question, chances are they just bought in. At this point, you are on your own. However, a small adjustment could be get two wins and rack the $400. You do that twice and you got your $800.
No shame in getting beat by the country's best archers. My twin sons once placed 17th in a FFA national competition. They came home all depressed and I told them, you just beat the very best teams from 33 states, not too shabby. Practice with renewed vigor. Congrats to you, those kids will never forget that trip.