Best of the Best car competition Odds calculations ~ Prize draws and competitions

Thursday, 15 January 2009

Best of the Best car competition Odds calculations

What are the Odds of winning a car with Bestofthebest?

Well do the maths, many people ask whether the car competitions to win a supercar with Best of the Best are legit... Yes they are. So the second step is to know the odds of winning a car with Best of the Best.

Best of the Best take in approximately £550,000 to over £600,000 per competition. With one competition a month.

Average competition entry is between £12 to £16 depending on the actually volumes linked to the discounted grid they have for the competition ticket sales.

The estimate odds for "Best of the Best" super car competitions is around:

Odds of winning: 1 in 35,000 to 1 in 50,000.

It is most likely based on fix costs and the fact that their accounts are public that the average odds of winning a £100,000 prize is around 1 in 42,000.

So for a £100,000 that is on long shot, but its still much better £ for £ then a lottery entry or any of the crappy free prize draws that can stretch into the 1:10,000,000