Math, probability and game theory are one of my most favorite things to study.
Sometimes companies get too greedy and slip up.
Canada’s Wonderland decides they could make a bit of extra money by selling line by-pass tickets by offering a game for $5.
You could propel a ball and have it land to one of the price slots.
The problem? They were giving out tickets to paid rides, the Xtreme Skyflyer ticket alone was worth $70, not to mention the other rides like bumper cars.
Using some simple math, suppose the chance of getting the Xtreme Skyflyer was 2 in 10. Each spin costed $5 to pull. This means on average you will hit this Xtreme Skyflyer within 5 shots. A cost of $25 instead of the face price of $70.
You would also get a bunch of other line by-passes and tickets.
So what happened? Let’s just say we went on a bunch of rides that day and were able to help a few friends out experience a few fun rides that they otherwise would not be able to.
Xtreme Skyflyer ride:
As of 2019 unfortunately they have removed all of the rides that cost money as prizes. They have also doubled the price per spin to $10.
C’est la vie