I recently attended a local festival in town promoting local businesses in the Phoenix area. The event featured many different vendors, each with a tent-like setup. Free food, drinks, music, merchandise, massages, and other services were offered at the event. Here is how I won valuable raffle prizes.
While browsing the event area, I noticed that they had a raffle contest running. The raffle entry cost was $1 per ticket, which entered you into multiple drawings throughout the day with the chance to win a variety of prizes. Personally, I am not a big fan of raffle contests, but in this case, I evaluated the contest and determined that it would be extremely easy to win some prizes. There were multiple drawings occurring throughout the day and the prizes were of good value. Many of the prizes that were to be awarded throughout the raffle were valued at $50 or greater. I decided to enter the raffle, purchasing 20 tickets. Total cost to me was $20.
Over the next few days, I was notified that I had won the following prizes:
A $50 Gift Certificate to L’Amore Ristorante Italiano – an upscale Italian Restaurant
A T-shirt from a local musical group
Success! My $20 paid off. So how do you know when to enter a raffle or not?
- Evaluate the prizes. If the raffle contest has crappy or low-value prizes, don’t bother entering.
- Evaluate the entry fee. A cost of $1 per raffle ticket is a great deal for a raffle offering $50 prizes. In a case like this, buy lots of tickets!
- Evaluate the competition. If you can see how many people have already entered, you can gauge the likelihood that you will win and determine your odds. At the event I described above, there were not too many tickets in the purchased-ticket raffle bucket. Due to this, I decided to purchase 20 tickets! All of the other people there were only purchasing one ticket.
- Find out how many drawings there will be. A raffle with multiple drawings throughout the day increases your likelihood of winning! Get in early and you have more chances to win.
I hope this guide will help you determine whether or not to enter a raffle contest the next time the opportunity is upon you! Have fun, good luck and happy raffleing!