Kona Ironman Lottery

No, you need to wait at least another year until I get in.

Seriously, I've been putting in for the last four or five years with each year being a passport entry so I get two per year.  Just remember they have to be consecutive years or you start again at zero.

And good luck.

As long as you are prepared to do the event (physically and financially), put in for the lottery as many times as you want.  Just don't be surprised if you get picked on your first or second try.  If there is anything that I would find unacceptable about the lottery process is that if you get selected, you turn it down for reasons other than injury or unforseen circumstances.  IOW, if you put your name in...be ready to accept the spot because they don't have a wait list or redraw if you decline.

Good point.  For me, it keeps me motivated to keep enough fitness over the Winter that if I need to ramp up after the drawing I am not starting at scratch with training.

Also keep in mind that you have to do another WTC IM or 70.3 in the same year to validate your spot.  Physically and financially you need to be able to handle this.  If you wait until after the drawing some of the races that may be closer to you or more appealing may have sold out.