House Raffle Formula


Today a ticket buyer of a house raffle in California sent me an email of disappointment that he had not won anything in this house raffle where he had purchased 3 tickets. Well, as we all know, buying multiple tickets will certainly increase the ticket buyer’s odds of winning, but it does not guarantee a win.  Maybe he should look for a raffle with a formula with better odds of winning.

The raffle formula for every house raffle is different. The formula includes the total number of tickets that will be sold, the minimum ticket sale requirement in order to have a drawing, the cost of the ticket, and how many total prizes will be offered.   

The organization running the raffle, should carefully weigh every element of the formula in order to create the best winning formula for the successful outcome of the raffle. Not only should the organization want to bring in enough money to cover costs, and make a profit, it is vitally important to entice ticket buyers to buy–make it an opportunity they don’t want to miss.

To your success!

Diane Giraudo-McDermott

P.S. Did you know that just like fingerprints, every person’s tongue print is different

Categories : Just the Tips

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What Others Are Saying:

“The book really does take you through the entire process. I feel like Diane holds your hand from beginning to end from qualifying the grand prize home to what happens after the drawing. I’m a homeowner and I’ve had difficulty selling my beautiful home. Now I know what it takes to sell my home in a raffle. I know exactly what type of nonprofit I need to partner with on my house raffle and what to expect. I’m excited to get started.”

-Karen L. Furguson, Homeowner in Tucson, Arizona

"Consulting with Diane by phone has been invaluable. Her knowledge on the subject of house raffles is enormous, and she has really given us a better understanding of the process as we move forward with our house raffle. She has been more than willing to take the time needed in answering all of our questions. After consulting with Diane, we feel we have a much better chance of putting together a successful house raffle and are excited about making it happen."

Chip Thompson, homeowner in Rehoboth, Delaware

"'I Sold My House in a Raffle' is an excellent example of creative marketing. The best marketers think "out of the box" and Diane shows that you can really sell your house in a raffle!"

-Ali Pervex, International Best Selling Author, 'Get Your Black Belt in Marketing', www.blackbeltinmarketing.com

“What a great marketing tool! This is a hot new method to get a property sold. My clients love this idea—I already have my first raffle house lined up. I’ll use Diane’s process to get and sell more listings.”

Jack C. Rosemary – California Real Estate Broker, 26 years experience

“I attended Diane’s workshop on February 27th, and she’s got it all together. Not only does she know how to pull off a house raffle but you can tell that she was a teacher because she knows how to convey the information. She broke the process into bite-size pieces and gave us exercises to complete so we were involved. Before anyone attempts a house raffle, they should attend Diane’s workshop–there’s more to it than one could imagine.”

-Ron Thomas, Real Estate Investor for 20 years, Albuquerque, New Mexico