Section 24-8-3-4 - Statement of odds(a) If an element of chance is involved, each notice must state the odds the participant has of receiving each prize.(b) The statement of the odds must include, for each prize, the total number of prizes to be given away and the total number of notices distributed.(c) The total number of notices must include all notices in which a prize may be given including notices for other sponsors.(d) If the odds of winning a prize are not accurately stated on the basis of the number of notices, the odds shall be stated in a manner that will not deceive or mislead a participant regarding the participant's chance of receiving a prize.As added by P.L. 233-1989, SEC.1.