HOUSE RAFFLE!!!!

Durzel · 28 Aug 2008 at 13:06

Steve2000 said:
If someone mega rich really wanted this house they could just buy say 30000 tickets, at £750000, which means they will have more or less a 3/4 chance of winning and at a much reduced price if they were to actually buy it. Not to mention if there isn't a winner then you'd have the same chance of walking away with all your money back plus a few grand from other ticket purchases.

Yes, but that's the beauty of gambling. The more you commit the bigger your loss if the winning ticket ends up being one of the 15000 you didn't buy.

Even if you were rich would you be comfortable potentially writing off £750k? There are certainly other things you can invest that sort of money in with guaranteed returns.

Freeman · 28 Aug 2008 at 13:50

Fusion said:
Who's guaranteeing that the draw is fair and random? The solicitors? Lots of scope for manipulation in this one.

No one (as far as I know), but I guess that's all part of a raffle albeit it very expensive raffle

Dave85 · 28 Aug 2008 at 14:32

Shep_Cobain said:
Best of luck mate, if i win ill invite you round if you win you can do the same!!

Np old bean if I win round of whiskeys and a free lodge for the weekfor ya

^TANK^ · 28 Aug 2008 at 14:42

11 acres

Someone could create a nice paint balling club/business with that space.

frankmcg · 28 Aug 2008 at 15:39

dowie said:
nah he's only skimming 'up to' 35% of the pot

i.e. if the prize fund only got to 100k he'd still have his advertising costs etc.. covered

if it got to around 1 million but didn't reach the target I doubt he'd take 35% - has got a solicitor involved to ensure fairness etc.. so he'd simply deduct costs etc.. (which could be a decent chunk of cash but wouldn't be 350k)

I think you've hit the nail on the head here. In an ideal world for the seller he gets just short of 46000 tickets sold, takes 35% for himself thanks very much and still has the house at the end of it! Why wouldn't he take the lot, it's in the rules for anyone that bothers to read them!

Total scam

Bumhucker · 28 Aug 2008 at 19:41

frankmcg said:
I think you've hit the nail on the head here. In an ideal world for the seller he gets just short of 46000 tickets sold, takes 35% for himself thanks very much and still has the house at the end of it! Why wouldn't he take the lot, it's in the rules for anyone that bothers to read them!

Total scam

Am I missing something? He can't take "the lot" because the winner still receives the Prize Fund (Entry Fees minus 35%).

With 28,797 entries so far the Prize Fund would be £467,926.25

Rebelius · 28 Aug 2008 at 19:46

by "the lot" he means the whole 35% - and he's quite right.

Bumhucker · 28 Aug 2008 at 19:49

Rebelius said:
by "the lot" he means the whole 35% - and he's quite right.

I see. But it's still better than the National Lottery.

Bumhucker · 15 Sep 2008 at 16:07

Bump.

Only 794 entries left and dropping by the second. This means that the house will be sold and a money prize draw won't take place.

Just got my ticket

DannyDan · 15 Sep 2008 at 16:34

There's a couple of similar raffles out there:

http://www.winthecheltenhamhouse.com/
http://www.havemyhome.co.uk

Ukadder · 15 Sep 2008 at 16:36

Normally wouldn't go anywhere near something like this but it's own fishing lake has convinced me as I've often looked at buying my own lake but couldn't afford it.

Good luck those who have entered as well, if one of you lot win I want a free fishing trip!