Did it look like this?
That's a roll of 1000 double tickets. So, 1.5 rolls sold so far = 1500 tickets. You own 5, so 5/1500=0.0033, so you have a 0.33% chance of winning, assuming they don't sell any more.
---------- Post added at 07:21 AM ---------- Previous post was at 07:14 AM ----------
Quote:
Originally Posted by The_Jazz
There are probably 500 tickets on that roll. At least there were that many when I last handled one.
Your friend is right - raffles are a scam. But that's beside the point, really. You don't enter the raffle to win the iPod2 - you enter to help the church.
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I would argue that they aren't a 'scam', as 'scam' implies that they're misleading people--you didn't seriously think you had a significant chance at winning the iPad, did you?
Besides, if someone was doing a raffle for fun, and not to raise money, and you wanted to run a 'fair' raffle, you could easily do one with 100% payout--our office pools (march madness brackets, superbowl squares, fantasy football, etc) are set up this way. If all of the money going in goes towards prizes, technically, it's a fair game at that point. Mathematically, if you ran a raffle for all of the raffle money, (sell 100,000 tickets for $1, winner gets $100,000), it's technically a fair game, as your payout percentage would equal your risk. Since in this case you knew they were setting it up to raise money, you should have realized it was a given that they would be paying out less money than they took in, otherwise they wouldn't be raising any money raised.