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The prizes awarded in contests can be fully covered because they are based on probabilities that can be either calculated mathematically, or worked out on the basis of statistics and experience.
- EMIRAT assesses and calculates in advance the probability of there being a winner.
- This way, EMIRAT can arrange contests with sensationally big prizes on very attractive terms.
- The idea of providing coverage for tipster games is to award prizes or pay out refunds if a certain event that no individual can influence actually occurs on a given future date – for example, if a share price is correctly predicted, or if the weather forecast turns out right, or if a sports result is guessed dead-on (e.g. winner of the World Cup).
- Other than in conventional lotteries, which always produce a winner, EMIRAT’s prize-winning contests are based on probabilities – whether anybody actually wins depends solely on the participants’ skill or luck.
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