Looks like they get to set the price and number of entries. So one I just saw on there is an album easily obtainable for $30 or less, and each ticket is $3 and there will be 30 spots. So the dude gets $90 for the album.
Have seen this done with beer, called razzles. I wouldn’t mind doing it for a rare record. I wouldn’t consider it predatory because people think they can get a $30 record for $3 and if they lose, it’s $3.
For some reason the idea of a rare record, or a watch, etc. doesn't seem like a bad thing to me. It's really the idea of stuff that's readily available that's kinda off-putting.
eh, i get it but nobody is forced to gamble. If someone put up a readily available thing for like $3 and a 5% chance of winning I would consider trying for it if I felt inclined. Way better odds than a scratcher
It’s ridiculous. Sellers price everything way above what they sell for but people jump in anyway. I can’t believe how popular they are. And those stupid auctions. This one was called “Vinylville.” I know one of the admins, guy just buys stuff from locals and then marks them all up.
Pretty common for disc golf discs. I did a few but the only one I ever won was the one I bought 85% of the tickets for and probably would've bought all had a couple not sold first - I really wanted that disc! That said, any of the raffles I involved myself in were people doing a lot for the local communities and/or fundraising their way to bigger tournaments somewhere, so it didn't feel all that icky.
The better groups set a maximum markup of 25% plus 5 for shipping. Hosts must play in others raffs. Some days there are free spots for active players. There are bad groups with no max & big $.
For example, a $40 record would be $55 in spots (40+10+5). The 2nd to last out gets a spot credit to play in another raff. That host isn’t really making money, unless they got the record for $30 or less.