low odds of winning, I could simply play the lottery 
Lottery costs money, this does not. So why you complaining?
it costs time and time=money
so it costs money
By the way...you just spent more time replying 2 times to this thread, than you would have entering the contest. You are pretty smart, huh?
yeah, but I get 0.0005BTC per post
while on the contest I'll most likely not win