Free: Contests & Raffles.
I think 250 would be the sweet spot for the state maximizing revenue. I'd depends on the odds but I can spend 250 for a 1 in 10 chance in Idaho for moose.
Quote from: WAPatriot on June 14, 2016, 10:41:36 AMI think 250 would be the sweet spot for the state maximizing revenue. I'd depends on the odds but I can spend 250 for a 1 in 10 chance in Idaho for moose. So basically it should be based on what you are comfortable and can afford paying, those that can't afford $250 are simply left out, got it.
Shane - I get your point, it seems reasonable that if you put one white marble and 9 black marbles in each of five buckets that the odds of drawing the white marble should be the same from each bucket, and from the total of each of the buckets just as if they were all dumped in one bucket - 5:50 or 10%. However that isn't the case. Why? Because your odds of winning at the first bucket are 10%. But wait - you aren't done, you get to keep playing four more times so your odds of winning increase. Yes its 10% per bucket but there is actually a 41% chance you will draw a white marble overall from five buckets.
IT'S. A. LOTTERY.You are not guaranteed a tag! bummer you don't draw, but you have the opportunity every year!
Quote from: Magnum_Willys on June 14, 2016, 11:18:12 AMShane - I get your point, it seems reasonable that if you put one white marble and 9 black marbles in each of five buckets that the odds of drawing the white marble should be the same from each bucket, and from the total of each of the buckets just as if they were all dumped in one bucket - 5:50 or 10%. However that isn't the case. Why? Because your odds of winning at the first bucket are 10%. But wait - you aren't done, you get to keep playing four more times so your odds of winning increase. Yes its 10% per bucket but there is actually a 41% chance you will draw a white marble overall from five buckets. willys has it right. The odds stack a bit but not to the extent of just adding together. My other post wasn't quite correct. Doesn't change my opinion tho. I still say one oil or deer/elk. And one choice each.
Let's just do the map. We have 10 hunters, each of them with 1 marble. Each hunter puts a marble in each of the pots. That gives you five pots each with 10 marbles (1 white, 9 black.) That means 5 white marbles, 45 black marbles. That means 5:50 chance of drawing a white marble. 5/50 = 1:10.
Gotta go with Shane on this one. Pot 1 has ) impact on the others and Stats don't add as you go. you're stuck with 1:10 for every single pot even if there were 100 pots.
Quote from: NoBark on June 14, 2016, 12:07:43 PMGotta go with Shane on this one. Pot 1 has ) impact on the others and Stats don't add as you go. you're stuck with 1:10 for every single pot even if there were 100 pots.So, if you flip a coin 1,000,000 times, the odds of coming up with at least one tail in any of those flips is only 50%? The odds absolutely add as you go, if not, the odds of getting a tails any time in a billion flips would still be 50%.You guys are forgetting about all the other draws. If you draw in only one, you give up four other draws. Your odds for the one go up and the odds for the other 4 go to zero. On average, you haven't improved your odds of drawing a tag.
Quote from: NoBark on June 14, 2016, 12:07:43 PMGotta go with Shane on this one. Pot 1 has ) impact on the others and Stats don't add as you go. you're stuck with 1:10 for every single pot even if there were 100 pots.Assume Two guys - 100 pots. First guy gets one chance. Second guy gets to pick from each of the 100 pots. You think both guys have same chance of drawing a white marble ?( Its just the probablility formula: percent odds of losing on one bucket raised to the power of number of buckets equals total odds of losing overall. i.e. 90% to the 5th power = 59% chance losing. 100-59% = 41% chance of winning overall)
Let's just do the math. We have 10 hunters, each of them with 1 marble. Each hunter puts a marble in each of the pots. That gives you five pots each with 10 marbles (1 white, 9 black.) That means 5 white marbles, 45 black marbles. That means 5:50 chance of drawing a white marble. 5/50 = 1:10.Now make everyone choose which pot to put their marble in. Hunter A&B put their marbles in pot 1. Hunters C&D in pot 2. Hunters E&F in pot 3. Hunters G&H in pot 4. You and hunter I in pot 5. Even though there is only 1 white marble out of 10 total marbles, each pot only has 2 marbles. You no longer care what happens in pots 1-4, you only care about pot 5 where there is 1 white marble and 1 black. You have a 1:2 odd of getting drawn as opposed to a 5/50 odd in the current system.