Vandal, quoted above is as close to correct as one can get, and may be 100% correct.
Way back in the day, I was the department statistics coordinator at my university. I have had to much experience (in the very distant past) with advanced statistics, i.e., graduate courses. I have not been involved in statistics at that level in many years. I no longer have any statistics books at home. But I do intrepreate solved statistics at work on a very regular basis (computer programs do all the solving).
Years of applying increasing your odds of drawing:
A basic statistical model of draw odds is exactly the same as our lotteries. Your odds of drawing do not change because you play the lottery each week. Each weeks drawing has the same odds. So you never have an increased chance of winning. Same for our wildlife drawings (not taking into account preference points).
Does purchasing more tickets increase odds of winning:
Generally speaking, in a simple statistical model, such as our lotteries, purchasing more tickets DOES NOT make a SIGNIFICANT (this is a scientific term) difference in your odds of winning; the only time any significant difference exists from purchasing multiple tickets is when you have purchased a significant number of tickets. The problem with trying to figure out what number of tickets you need to purchase to make a significant difference, is that you need to know how many tickets are/will be sold, in advance of the drawing. In our lottery, this is never known ahead of time. In our wildlife drawings, we most often know the number of tickets that will be sold, but we are unable to get more than one drawing ticket. So in short, your odds do not change.
Our wildlife drawing are NOT a simple statistical model, in any state that I am aware of; they are complex models with the addition of preference points involved, splits between resident and nonresident allotments; allotments for preference points not being considered, and I am sure I have missed a few allotments, advantages and disadvantages, as I do not apply for drawing in all our states. My point here is that it is not practical for the average Joe to attempt to calculate draw odds based on their individual situation; but to rather recognize their situation based on preference points. What I mean here is you need to stay abreast of how many preference points one has, and the points required to draw a particular zone of choice along with any 2nd choice odds... Keep in mind that this is not static, the odds for any zone in any state can change at any time, as can the value/perceived value of a tag in any given zone., thus changing the number of people applying.
So to clarify that value, what I mean is that events happen that affect the population of the animal(s) you are drawing for. Such as, high winter kills, large die offs due to a variety of reasons, someone harvesting a ginormous anilam, the same is true for the opposite happening. But bottom line for trophy hunters is number or quality of mature animals in their given zone; also not static.
In short, if you are not using one of the draw services/draw odds services, you should be sticking with the simple known numbers, otherwise you are fooling yourself, as the only thing that makes a significant difference/increase in anyone drawing a tag is preference points, preference points, and preference points.