Wrong or Right?
On a late-night television show, the host announced he was going to give out some prizes.
There were about 50 people in the audience.
The host claimed: "You have a 1 in 4 chance of winning."
Then said: "There are 4 prizes to give out."
And finally said: "You can win one."
What is wrong with this logic...yet, what is correct with it as well?