Let me explain to you the carny prize business model. Create a game of skill that rubes will want to play. Then, make sure only a few of the rubes can get lucky enough to win. Finally (and here's the answer to your mystification) make sure that when they do win, all prizes are worth less than the dollar it took them to try.
And here's the math for the "Guess your birthday within a month" booth: One month to either side of a birthday means a two-month spread. Two month spread means a five-in-six prize handout. At $3 a pop, you are always making money as long as the prizes are worth less than $3.
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And here's the math for the "Guess your birthday within a month" booth:
One month to either side of a birthday means a two-month spread.
Two month spread means a five-in-six prize handout.
At $3 a pop, you are always making money as long as the prizes are worth less than $3.
Any other questions?
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