G'day guys,How many tickets are there in each draw?It would be...

  1. 4,086 Posts.
    G'day guys,

    How many tickets are there in each draw?

    It would be an interesting exercise to apply investment "expected return" calculations to this.

    I suspect that the wise investment for bvg would have been to NOT buy the tickets and just make up the numbers.

    $100 x %chance.of.not.winning

    Vs

    $12m x %chance.of.winning


    Of course there are minor prizes also.

    (I am not implying that bvg DIDNT buy the tickets, of course)

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.