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The objective is to design an "internet sweepstakes" game paytable to certain specific parameters.
The "internet sweepstakes" works in this manner, a person purchases internet time, for each $1.00 of time they are given 100 sweepstakes entries. The entries are redeemed electronically, the user is given an indication if they have won or lost. The user can redeem any winning entries for cash, or recycle the winning entries into continued play.
I need a pay game design. The design of the pay table should give a long-term prize % of 90% and a hold of 30-50% . The definitions of these metrics can be found here : [obscured] /sweeptalk/prize-percentage-hold-and-volume/
Ideally I would like an excel sheet in which the total available prize purse could be entered and it would generate a breakdown of the ideal paytable, and calculate a total number of entries needed to achieve the correct prize %.
For example given a $1,500.00 prize purse, the paytable may break d...
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