USCIS received approximately 124,000 H-1B petitions during the filing period from April 1, 2013 to April 5, 2013, including petitions filed for the advanced degree exemption. On April 7, 2013, USCIS conducted its lottery (computer-generated random selection process) to select the 85,000 petitions (probably a number closer to 82,000 petitions) to fill the cap.
For cap-subject petitions not randomly selected, USCIS will reject and return the petition with filing fees. The agency conducted the selection process for advanced degree exemption petitions first. All advanced degree petitions not selected were part of the random selection process for the 65,000 limit.
So, this means that applicants have about 67% or about 2 out of 3 changes of getting selected. Not great at all.

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