Quote:
Originally Posted by Hockeyguy15
How is this any different than the guy who bought a 50/50 at the Flames game and gave the ticket to an usher to claim in the event that he won?
The one twin let the other twin shoot...They each get half. End of story.
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50/50 draw is a guaranteed prize, they have the cash on hand they know they are going to give away 1/2 the pot to the winning ticket. Given that there was no dispute between the season ticket holder & the usher there was nothing to debate from the Flames side. They had a winning ticket and a party ready to claim the prize.
But with this contest they weren't guaranteed a winner or prize payout, so instead of having the $50,000 ready to be given out they would have purchased an insurance policy that they would claim in the event some one makes the goal.
It's the same as those "million dollar hole-in-one" contest, they don't actually expect some one to make a hole-in-one and claim the prize, so they get insured for a million dollars rather than have the cash on hand.
Unfortunately it's not the end of the story when you're trying to get an insurance policy to pay out.