No. It's a 1:99 drop with there being UP to 24 people, meaning 1/4 of those numbers are rolled basically, cutting the odds to roughly 1:24.75, or 1:24 for just going by how many people are in it
I'd rather it be like the cards in dungeons/trials. We have to sometimes put up with up to 23 people being either hostile/trolls/people that don't give a damn about trying/ect
I'd rather have EVERYONE have a chance on getting the card instead of only one person. I'd have people rub it in other peoples' faces when they got the new cards, only to have gotten them previously and going to 'throw it away for MGP'.
I've made a suggestion about that before, and a lot of the player base was split on it. Some people even saying