For the small amount of exceptionally successful sweepers, I still suspect that the time lost, along with the additional burden of tax accounting, makes this a pretty inefficient strategy financially. The exceptional ones are showing effort and strategies that they could have instead applied to traditional business and investment paths with a greater return.
That's £100 per hour which is much better than most jobs. That's most likely a statistical aberration, but if you assume the people they go back are also the people that won in the first place it probably seems to be a winning strategy.
That's assuming people that go long streaks without winning then stop.
I suspect she's mistaken about how many hours she puts into it.
Maybe not. Maybe she just worked hard perfecting her skills and can make 100 pounds / hour, but is picking the most profitable opportunities. Some side gigs are like that - you can make a huge hourly wage on something but only for a few paid hours a month.
> The operator of a popular sweepstakes blog, she has made the hobby into a full-time job.
So far in 2019, she's won prizes equivalent to £5,389, or about the same as working 110 hours/month at minimum wage. Given that £2,000 worth (Majorca trip) is tagged as "Group win", and most of it appears to be stuff you couldn't sell at retail price, or just couldn't sell, I find it difficult to call that a full-time job.
 (£5,389/6 months)/£8.21 an hour = 109 hours
Contest winnings are income, and therefore subject to income taxes. Contest winnings above a certain amount are subject to withholding, but the winner may need to provide the cash for withholding if the prize is non-monetary and the prize doesn't include an adjustment for taxes.
I remember one method I would use is to simply memorize thousands of multiple choice questions from the test bank. That way when you took the exam, you would already be familiar with the question on the exam and how to solve it.
That's not cheating per se, though, just studying with previous exam questions as practice material. I'd wager all students that can access old tests do that.
He laughed and said because the students needed all the help they could get. Years later I realized he probably was trolling me.
But why even make the comparison? You can’t work at McDonald’s from your kitchen table at 11 AM if you feel like it or while you’re watching TV at 2PM on a Saturday.
For them winning is exciting because it's random and unexpected. They also, do this when there is nothing else to do so it's their form of leisure. It costs nothing to enter and if you don't value that time anyways, like doing this instead of working, then why not? Which is different from going to a casino or playing the lottery which require you to pay to play.
The other issue I've explained to my family member is that their personal information is being handed out to tons of companies. I avoid handing out information so I don't get targeted for ads etc.. but I guess each to their own.
The sort of information you need to enter a sweepstakes is name and address, which is already public information anyways.
O, to be in the top 1% of tirelessly collecting and organizing coupons and tracking price changes, only to save maybe a few hundred dollars a month!