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Competitions you actually win money on?

4 replies

NattyBeaker · 07/02/2025 09:38

I've started entering competitions on TV to win cash, monthly subscription to Omaze, other lotteries etc. I didn't realise but now I have quite a few. Do others do this? Does anyone ever actually win? I earn a good living so not sure why but I'm getting so obsessed with saving and investing and trying to win money. Is it a middle age thing of do I really need to work another 25 years?!

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BillStickersWillBeProsocuted · 07/02/2025 15:17

I do "comping" as a hobby, I only ever enter the free competitions, but often the raffle sites that sell tickets have free competitions - honestly my take away is that it's really not worth spending money on for how many I enter and how few I win!

You're gambling, I think people like to think it's somehow different when it doesn't involve a betting shop but it is! Obviously a small minority win but the house always wins and the bigger the prize the more losers there have to be to pay for it!

If you like having a flutter and can afford it fair enough, but I wouldn’t see it as a reasonable way to get money - you're 99.99% likely to put more in than you get out

lemongrizzly · 07/02/2025 15:03

Careful you’re not getting hooked. Also the Omaze houses are all money pits.

I recommend Premium Bonds as you can take the money out again.

NattyBeaker · 07/02/2025 14:51

I'll manifest the win! I had a friend that was obsessed with competitions and won all sorts of trips and things. Maybe that's more realistic

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ComtesseDeSpair · 07/02/2025 09:54

Somebody wins the competition. Statistically you have as much chance as anybody else - it’s just that the odds aren’t very high. As long as you can afford the entry fees and can treat it as a bit of daydreaming fun to imagine what you’d do with all the winnings whilst accepting that’s probably not going to be something you actually have to worry about, it’s fine.