What is Free Entry Odds Value Rating?
Free entry odds value rating is a value rating designed to give users an idea of the expected return to player (rtp) from the costs associated with completing a ‘free’ entry into a competition. The value is calculated in the same way as the standard odds rating as shown below however it takes into account any cost incurred when completing a ‘free’ entry such as postage costs instead of the ticket costs with the standard odds value rating. On average a free entry to a competition will give a much higher return to player for every pound spent than the average return from purchasing a ticket to the same draw. An average free entry odds rating would be considered 120 which would be double the return expected for an average paid entry, this is done to highlight the expected increased return from submitting a free entry. Free entry routes can be very profitable and in many cases the rtp would be quite high, particularly where there is a high ticket price, drawbacks from such methods however may arise such as time spent mailing the entries, reading the terms and conditions as well as provider limits and restrictions that may be imposes by the provider of the competition.
What is Odds Value Rating and How is it Different?
Odds value rating is the standard rating for odds value that helps to show the estimated return on average from purchasing entry into a competition.
The score is designed to be an estimate that gives users an idea of which competitions offer the best value for money. Odds rating may change during the course of a competition for example to reflect how many tickets are sold or a change in the ticket price.
A score of 60 should be considered average, for example 100 should be considered ace as it should mean that the competition is returning an average of the ticket price back to the average player, with running costs a provider would most probably be making a loss with this scenario hence it would be extremely rare.
A score of 50 should be considered below average, 40 poor and 30 very poor, 20 terrible and 10 and below abysmal.