I have a domain name that expired and is now in redemption period. In order to renew now from the current registrar, I would have to pay 50.
I have an account with another registrar which allows me to back-order domains. I'm thinking of just back-ordering it so that I can have it back at normal price when the redemption period is finished (next week).

Its not a special domain, just a mis-spelled word, although I had it for around 6 years now. I only use it because I still have emails going there. What are the chances someone else could beat me to it if I backorder it? Or will my registrar register it for me as soon as it goes back into the pool?

I guess what I'm asking is should I take the risk or pay the 50?