RAID1 - half the space (2x300 = 300) - data protection - much less than half the chance of losing your data.
RAID0 - full space (2x300 = 600) - high risk of data loss (twice the risk compared to running a single 300 drvie)
RAID5 - for 3+ drives, space of 1 drives lost (3x300 = 600, 4x300 = 900) - data protection like RAID1