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Chinese auction is a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's bid. [1] The choice of the winner is done by a lottery, whereby the bidders compete for a higher chance of winning. [1] It is also known as penny raffle, chance auction and tricky tray. [2] [3]
Customers buying restaurant raffle tickets at a 2008 event in Harrisonburg, Virginia. A strip of common two-part raffle tickets. A raffle is a gambling competition in which people obtain numbered tickets, each of which has the chance of winning a prize. At a set time, the winners are drawn at random from a container holding a copy of each number.
After selecting the desired tickets, the cashier can enter the amount of cash given into the text box at the bottom of the screen or press Ctrl+4 to bring up the electronic payment screen to complete payment. Changing tickets (Chinese: 改签; pinyin: gǎi qiān). Searching for available tickets and connecting trips.
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Beijing Hanhai (Chinese: 北京翰海; pinyin: Běijīng Hànhǎi), officially the Beijing Hanhai Auction Co., Ltd, is an auction house located in Beijing.Established in 1994, after the Chinese government began allowing the auction of relics, it grew under the management of Qin Gong to become one of the country's largest auction houses by 2003.
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