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Thread: Prize Draw! GUARANTEED WIN!

  1. 01-27-2008 05:24 AM #1
    Fahad Guest

    Prize Draw! GUARANTEED WIN!

    I am running a prize draw, with a guaranteed prize for every entrant.
    How it works:
    The entrance fee is 15 credits (you can enter as many times as you like) (when donating the credits, put "Prize Draw" as the comment).
    Entrants and the number of tickets will be appended to the bottom of this post (if you do not show up within 24hours, please PM me).
    At 5PM (GMT), on Tuesday the 1st of February, I will create a prizes chart on my website, showing how much everyone has won.
    How prizes are calculated:
    Everyone's position will be chosen using random.org. The prize fund is exactly half of my profits (my credits at 5PM on Tuesday the 1st of February GMT, minus 583)
    1st place will win half of the prize fund.
    2nd gets half of the remainder.
    3rd get half of the remainder of that, and so on. Whatever is left of the prize fund, I will distribute equally.
  2. 01-27-2008 05:43 AM #2
    DefecTalisman's Avatar
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    Re: Prize Draw! GUARANTEED WIN!

    Just curios, if I was 4th what do I get ? If its nothing then how can this be true ?
    I am running a prize draw, with a guaranteed prize for every entrant.
    Also you might want to rethink you strategy of updating your first post. This only allowed for 24hours after it was posted and then you can't.
    Last edited by DefecTalisman; 01-27-2008 at 05:45 AM.

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  3. 01-27-2008 05:45 AM #3
    Fahad Guest

    Re: Prize Draw! GUARANTEED WIN!

    You would get half of the prize fund after 1st, 2nd, and 3rd have had their prizes.
    Everyone gets half after everyone above them has taken their prize. Also, you get a portion of the rest.
    Last edited by Fahad; 01-27-2008 at 05:46 AM.
  4. 01-27-2008 06:06 AM #4
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    Re: Prize Draw! GUARANTEED WIN!

    There could be more than 3 entrants you know, so not everyone is guaranteed to get a prize.
  5. 01-27-2008 07:07 AM #5
    Fahad Guest

    Re: Prize Draw! GUARANTEED WIN!

    I don't think you know how it works. Everyone gets half of the fund after everyone ranking higher than them has taken half. Then, the remainder is distributed equally.
    EDIT: I see no-one has bitten and bought a ticket yet. I'll do some advertising in other forums!
    Last edited by Fahad; 01-27-2008 at 07:15 AM.
  6. 01-27-2008 07:37 AM #6
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    Re: Prize Draw! GUARANTEED WIN!

    Quote Originally Posted by sohailamir52 View Post
    There could be more than 3 entrants you know, so not everyone is guaranteed to get a prize.
    Example:

    1st: 100
    2nd: 50
    3rd: 25
    4th: 12.5
    5th: 6.25
    6th: 3.125
    7th: 1.5625
    8th: 0.78525
  7. 01-27-2008 09:08 AM #7
    Fahad Guest

    Re: Prize Draw! GUARANTEED WIN!

    Quote Originally Posted by vigge_sWe View Post
    Example:

    1st: 100
    2nd: 50
    3rd: 25
    4th: 12.5
    5th: 6.25
    6th: 3.125
    7th: 1.5625
    8th: 0.78525
    Plus the remainder, divided by 8, each.
    Btw, if enough people don't enter, some people will make a loss, as demonstarted above.
  8. 01-27-2008 09:19 AM #8
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    Re: Prize Draw! GUARANTEED WIN!

    Quote Originally Posted by fahadsadah View Post
    Plus the remainder, divided by 8, each.
    Btw, if enough people don't enter, some people will make a loss, as demonstarted above.
    There is always some1 who makes a loss
  9. 01-27-2008 01:21 PM #9
    satbir
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    Re: Prize Draw! GUARANTEED WIN!

    But why anyone will try to get in this kind of contest?

    Is this not gambling?
    Keen Watcher

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  10. 01-27-2008 01:33 PM #10
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    Re: Prize Draw! GUARANTEED WIN!

    I don't believe you can give anything less than 1.00 credits. ( so, like .25, .50 ) so some of those options wouldn't work.

    And you can view some of the past "Contests" run by members, and see why a lot of x10 members are a bit cautious about entering another one.
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