Local Casino, drawing, I have 530,000 entries, I was called for $500 and turned it down for a chance at $50,000 final drawing and 17 other drawings for total of $84,000, ( 1 winner for $50,000, 2 winners for $5,000 and 1 for $10,000, and the remaining 14 are $1,000 each ). The 32 $500 drawings are called first, then the others. If you accept any drawing win, you are not eligible for any other drawings. The 32 $500 drawings are called first, then the others.
Drawing official estimated 10,000,000 to 30,000,000 entries depending how many people are at the casino. I estimate 2,500 people at casino with avg (over estimated) entries of 20,000 each equals 50,000,000 entries, double the official estimate to 60,000,000 entries, divided by 530,000 equals 1 out of 95 chance to get called. $84,000 divided by 95 equals $884. Is it a $384 advantage to turn down the $500 ?
Posted by: billchute2@yahoo.com
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