May 3, 2015, by Graham Kendall
How to run a general election sweepstake
“Around 50% of people in Britain gamble every month, with about £150M being staked on the Grand National alone. And the Grand National is a perfect opportunity to hold a sweepstake, where everyone pays a fixed amount, draws a random horse, and the people who drew the first three or four horses collect shares of the total prize money.
It’s easy to design a Grand National sweepstake. The race has a large number of competitors, it’s not obvious who will win, outsiders have a real chance, and all in all, drawing a horse at random seems reasonably fair.”
… so starts a recently published article in TheConversation that considers different ways yo run a sweepstake for the general election.
Other Conversation articles that we have featured on this blog can be seen here.
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