first off... i don't see where a specific house is mentioned.   So don't expect to win one that looks like the 'pretty picture'.

Otherwise, it appears to be an up-front honest contest.  Be aware that you would, as of this date, be only eligble to become semi-finalist for the next two draws. Of couse, semi-finalists get squat ... just the 'chance' to become the finalist.

Now down to the nitty-gritty:  3 prizes, 40 envelopes.  Must draw until you get five of the same...  I will guarantee you that there are only 5 of those that say "house".  Maybe only 10 (probably only 5) that say "laptop" and 25/30 that say "cheesy TV". 

The odds are HUGELY in favor of him not parting with a new house.  But there is alway a chance, slim though it may be, that somebody may get lucky.  This is a typical "pyramid" type lottery where every step up the pyramid reduces your eventual chances ... as opposed to a straight "draw from the hat" lottery.

Personally, if it was me, I would enter all I could.  As long as it didn't involve driving 30 minutes each way to reach the site to enter!

(In fact now that I am taking a second look at the rules, they are really too basic. Valuations, types, descriptions, legal bull-crud are all very vague.  Of course he is counting on somebody just winning the old Magnavox out of his spare room!

Good Luck

Loren