Just a small note to let you know that we’ll be rolling out a fairly big change to the way raffles work over the next couple of weeks. This is in direct response to a number of you requesting/suggesting it, and it makes perfect sense so thank you.
Every raffle will be given an ‘end no later than’ date. In almost all cases this will be 30 days from the day it went live. What does this mean to you? It means that when you enter a raffle you’ll know the latest it will finish. This doesn’t effect the fixed number of tickets. If all tickets are taken before the end date, the raffle will close with the last ticket sale.
What happens if all the tickets aren’t sold? The raffle will close and as always the winner will be the person holding the lowest, unique ticket number. The winner will receive 70% of the cash raised from the ticket sales.
If a particular raffle has been exceptionally unpopular and only sold a handful of tickets, we’ll simply refund your ticket costs back to your Raffle.it account.
The exceptions that spring to mind right now are Charity and School raffles – we’ll be giving these a little longer to run. Also if anyone wants to raffle their house we wouldn’t limit you to 30 days, at least not until we get really popular
Any questions or concerns please use the comments here.
Al 11:13 pm on September 15, 2008 Permalink |
Hello
We are interested in raffling off our home, however we need to know what the rewards and down sides are before we do it.
Our home is very nice and it would attract a lot of people.
Are the laws very different from the UK to the USA. Please let us know.
Thanks Al
Pascal Wheeler 1:50 pm on September 19, 2008 Permalink |
Hi Al, the regulations governing this type of competition are a little more complex in the US, due largely to differences between the various States. We are currently exploring our options for taking Raffle.it beyond the UK.
The biggest benefit to a raffle based approach is the shared cost. You’re not looking for one individual that loves your house so much that they will stump up enough to keep you happy. With the raffle you are offering the chance to have a house for a tiny fraction of it’s worth. That appeals to many more people that would have otherwise been put off by the price.
Our service provides an incredibly simple tool to create your own raffle for whatever you’re looking to sell. We’ve taken care of all the legal requirements and provide the payment processing, tracking and documentation.
Most importantly we provide a tamper proof method for identifying the winner that is immediate, fair and not random.