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I think it depends on the nature of the competition. If it is a "lucky draw" then I believe it will be considered an illegal lottery.So any form of competition that has a charge is considered gambling? For instance, a website where users buy credits to enter into a competition to win an LCD tv is gambling?
Unfortunately you can't get a license to run a lottery. To my knowledge the lottery board only licenses one lottery to legally operate in South Africa at a time, and currently that's the Lotto National Lottery.So assuming it's an illegal lottery would a gambling license be required to operate legally?
I lol'd at this. This is not mathematically possible even if there are just 2 people bidding. Each person will win 50% of the time if they are both good bidders.A good user will win 70% of all auctions they participate in, Pays said.
Your use of the phrase "mathematically possible" demonstrates a lack of understanding of both mathematics and statistics.I lol'd at this. This is not mathematically possible even if there are just 2 people bidding. Each person will win 50% of the time if they are both good bidders.
With 10 people bidding and say there are 2 good bidders and 8 bad bidders who never win at all, each good bidder will only win at max 50% of the auctions.
With a 100 bidders you can forget about winning. What are the chances that you are the only good bidder if there is such a thing? Nothing...