The minimum Bayes risk (MBR) decoding objective improves BLEU scores for machine translation output relative to the standard Viterbi objective of maximizing model score. However, MBR targeting BLEU is prohibitively slow to optimize over k-best lists for large k. In this paper, we introduce and analyze an alternative to MBR that is equally effective at improving performance, yet is asymptotically faster — running 80 times faster than MBR in experiments with 1000-best lists.