Post
Topic
Board Gambling
Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
by
TheQuin
on 07/01/2019, 08:19:49 UTC
~

This is why it is best to ignore The Village Idiot. He lacks the ability to understand the arguments put him and carries on as if you hadn't just explained why he was wrong. I should totally ignore him but sometimes he says something so outrageously stupid I can't resist pointing it out.

............If I were to run a lottery and 10 people paid me $1 each to win a prize of $5,  I'd have $10 profit if I won the "lottery" myself.  I'd only have $5 if I actually let someone else win and paid out the $5.

I just explained it here:

The tickets have a cost associated with them because they increase the total prize pool.

If in the example you give to win your lottery you would need tickets so the prize would increase from $5. When you did not win you would pay out more and that would cancel out what you saved on the occasions you won. I know basic arithmetic and logic is beyond the ability of that peanut that rattles around your skull where a brain should be so I'm not going to repeat this again.