I’ve recently seen on Facebook people doing raffles through this website. I’ve just had a look and the premise seems to be you buy a desirable item for say, £500, then you sell 200 tickets at £5 each. The winner gets the prize and you pocket the profit
It website says it complies with gambling regulations and takes a 10% cut. If the winner doesn’t receive the promised prize or all the tickets don’t sell they get 75% of the ticket sales money
I guess the downside would be if you didn’t sell all the tickets and were left with the item and didn’t want to keep it. BUT I think people are buying stuff. Doing the raffle. If they don’t sell all the tickets they can return the item anyway for a refund. It must seem like a risk worth taking to make a quick buck.
I don’t have a question. I’m just quite interested. It feels “off” I guess. I associate raffles with fundraising for charities. You can use this site for charitable fundraising. But you don’t HAVE to