Other poster: If you saw the episode, you'll know. FINANCIAL STATEMENT. All but the C was revealed in the first word. Guy lands on $5,000 space and chooses C. Important to note, T was not revealed. He then spins again and lands on a puny figure and chooses the T and then solves the puzzle. He missed out on $15,000 and went with $5,000.
He couldn't be sure of the second word when he guessed C, because much of the word was not revealed. (All that was on the board at the time was _ _ A _ E _ E N _.) But all of "financial" was revealed except for C, so he played safe and picked a letter he knew was there. After he tucked away $5,000, he picked T for the uncertain second word.
When you've got $5,000 staring at you, you pick a letter you know for sure is in the puzzle. He ended up with $17,250 (all cash) on the show, so he hardly bombed out with his safety-first strategy. A lot of nights he would have won with that total.
By the way, the bonus round was tricky. Had to pick A and/or P to have any chance. See the linked thread for the details.
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