yeah can see it from both sides now. Thanks for the update.That would be correct and you haven't missed anything.
Let's say the raffle costs 1 credit per entry and like your raffle limited the user to 2 entries. Then "You have enough credits to enter this raffle 2 times" were displayed, Users that know they have 11 credits would complain that the information is wrong and they have enough to enter 11 times. But, they are limited to 2 times.
It's a semantic problem where 1/2 the people will complain it's wrong and 1/2 will say it's right.