Re: Probability of winning a small sweepstakes?
It is but I guess it doesn't make common sense to me.
If you have only 1 prize to win per drawing it still seems better to place all your lots into one basket. If you have 10 tickets and only 10 other entrants then it seems you would have 10/20 chances to win and not 1/20 chances to win with each ticket as the other poster pointed out. Am I way off base here? It's been 12 years since I did anything with math so if I am thinking wrong someone please point it out.
Thanks in advance.
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