|Posted: April 8, 2011, 6:34 pm - IP Logged|
Why do the lotteries that put on raffles have to lock up 50% of what comes in?
Why not 40% or 25%?
A 500,000 $20 a ticket raffle with 509 winners brings in $10,000,000 and pays out $5,000,000. It's pure gravy for the lottery. Keeping $4 million or $2.5 million isn't enough?
Those who run the lotteries love it when players look for consistency in something that's designed not to have any.
There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.