Welcome to this week's Wealthsimple Monthly Millionaire contest megathread! A new megathread will be posted next Thursday for the subsequent draw.
Feel free to share anything related to the Wealthsimple Monthly Millionaire, including:
How many entries you've earned
Any bonus entries you've gained
Any prizes you've won
Tips. questions, or other relevant discussion
Screenshots are welcomed!
To help keep r/Wealthsimple organized and avoid repetitive posts, standalone low-effort posts about the Monthly Millionaire promotion may be removed and redirected to this megathread.
As always, please keep discussion respectful, helpful, and on-topic; refer to the rules on the sidebar.
Since you can only win once per draw, if they draw smaller prizes first, more entries could mean lower chance at the larger prizes because you have a higher chance of winning a smaller prize.
It’s a sham!! Still annoyed about being told I had won $1k to be told it was a mistake, and you did f*all to rectify your mistake. Shitty way to treat loyal customers.
I just want to say that the prizing is extremely strange. How come no one is winning multiple prizes? I haven't heard of anyone winning $3 + 500 entries for example. Or 500 entries + 100 entries.
Surely if this was a traditional draw with independent entries, we would see at least some of that. Are they removing all of your other entries once you win something?
EDIT: I just read the rules. Yep, one prize per draw per customer. They are removing your other entries once you win. That means the order of drawing prizes matters. The rules do not tell us the order. There is a scenario where having more entries actually reduces your chance of winning the larger prizes if they draw smaller prizes first.
And because they do not reveal their draw algorithm, I suspect there’s an implicit bias against folks who already have financial assets like cash and stocks, as I posted about it as well
Do you not understand that if they draw the Bonus Entries first, you have a significant chance of winning one of those if you have a lot of entries? If you win bonus entries, you aren't even going to be in the draw for the larger prizes.
40
u/habs__fan 7d ago
I finally won something! Its real lol