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Narrowboat for £5...... well...kind of...


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What are they going to do with the money if they don't sell enough tickets? Depending on their "desired" selling price, they need to sell between about 7,000, (£31,500 after charity gift), and 11,000 tickets, (£50,000 after charity gift) - I'd predict there is no chance.

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What are the runner-up prizes?

Richard, is it not possible that some people will buy a whole block of tickets to increase their chance of winning? That would swell the income appreciably.

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8 hours ago, Graham Davis said:

I wonder if they have registered their raffle with the Local Authority, as required under the Gaming Acts?

It's run through a third party so I guess they don't have to register the raffle themselves.  Raffall limited also provide a guarantee...

 

If the host fails to provide a prize, the winners will receive a share of the compensation amounting to 75% of all ticket sales.

 

All compensation payments are guaranteed and paid directly by Raffall Limited.

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10 hours ago, Richard10002 said:

What are they going to do with the money if they don't sell enough tickets? Depending on their "desired" selling price, they need to sell between about 7,000, (£31,500 after charity gift), and 11,000 tickets, (£50,000 after charity gift) - I'd predict there is no chance.

There are 30,000 tickets available at a cost of £5 each.

 

 

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