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QUESTION: If there was a Prize Draw organised and the first and only prize that had to be won was €250,000. The value of tickets sold was €500,000. That equals €250,000 for One winner and €250,000 in Prize Draw earnings for the Organiser of the Draw. Note: This would be a once off draw, with one prize, that has to be won by one person! Unlike: Playing the lottery or bingo where the Jackpot usually doesn’t get won often but when it does, it can be split with multiple winners and there are more draws and more prizes to be won but with varying odds to win depending on the amounts of entries! With all that in mind which ticket price option would you realistically choose to balance out what you would be willing to spend versus increasing/ decreasing your chance of winning?
Barry John Gallagher