[quote name='TheBlueWizard']You probablyy use this rational to continue playing the lottery too, don't you?
With 10 prizes, your odds are not approximately 1:100.
Let me explain further. The odds of winning the first prize (with 1000 entrants) would be 1 in 1000. Assuming that no one entry can win twice, the second prize would be 1 in 999. The third would be 1 in 998...etc.
The way that you state this (as 1:100), is not accurate. But that's okay, I plan on getting my donation in soon to help skew those odds.
TBW[/QUOTE]If you add those odds up (1:1000 + 1:999 + ...), isn't it approximately 1:100? I haven't done math in a while.