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Old 09-12-2005, 09:56 PM
BigBiceps BigBiceps is offline
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Join Date: Mar 2004
Posts: 78
Default Re: Probability of winning a small sweepstakes?

here is the basic theoretical answer.

if you want to win once, put all the tickets in one drawing.

if you want to maximize your expected value by giving you a chance to win multiple times, spread your tickets out over all the drawings.

The basic theory is that, by putting all in one drawing you are essentially wasting tickets if you win.

The second method, you can win more than once, but you are more likely to come up empty handed.
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