Good points. I wonder if anyone has ever calculated the average number of entries for the different levels around here. Tonight it looks like L1 is roughly 400, L2 roughly 200 and L3 roughly 100. I can't imagine that it works out that neatly most nights.
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Number of entries is also probably very dependent on how desireable the game is for any level, i.e. was it ever bundled, or in a current bundle, or on a steep steam sale, or maybe price error? Versus non-bundled, more expensive games, or ones that go on sale rarely, or new/preorders. Some simple supply demand economics going on here too :)
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While you may be facing the unalterable odds of any individual GA, this site also presents good odds of being able to win the more you enter. Right now I've entered ~150 GAs since my last win, and according to the math there was about a 50-50 chance I'd win one of those. That's pretty decent odds considering entering doesn't cost anything other than the time it takes to click a button.
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The amazing thing about a 1 in 300 chance is that it's always a one in 300 chance. It's not like entering 300 times gets 1 win. It gets you 300 chances to be 1 in 300.
All of which goes to say: I haven't won anything for a short bit. :)
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