There has been an explosion of cash raffles being advertised on Facebook recently, with some mouth-watering prizes available of up to £10,000! With many offering very good odds by limiting the number of tickets / entrants, we take an in-depth look at which sites offer the best cash raffles, and what to look out for when deciding to enter.
When it comes to cash raffles, Odurn is our number one suggestion. A combination of strong odds, great reputation, and the frequency in which they offer these raffles means that it’s likely to satisfy every type of raffle player. The fact that their recent £10,000 raffle didn’t even sell-out means that the odds are often even better that advertised, as they aren’t able to sell all the tickets. With over £100,000 in prizes awarded in 2020, they are definitely a brand you can trust. The Odurn website is slick and easy to use, which helps contribute to an all-round great experience.
Another highly recommended site for cash raffles is Raffolux. Again they offer regular cash raffles, with favourable odds. The website isn’t quite as slick, but the choice of prizes hopefully makes up for this.
There are a lot of similarities between lotteries and cash raffles, as they are both games of chance, offering the opportunity to win a large sum from a small amount. The key difference is in the odds, as cash raffles have a limited number of entries, and once that is reached, they are gone. A lottery on the other hand has an unlimited amount of entries, and multiple people can even play the same numbers, in which case the prize pool would be shared. Generally cash raffles have just one winner, who takes 100% of the prize pool, where as with a lottery, there isn’t always a jackpot winner (there are multiple rollovers on lotteries) and there are a number of smaller consolation prizes.
When it comes to the odds, you are much better to play in a cash raffle, but the downside is you won’t ever becomine a millionaire as only lotteries offer jackpots in the millions. But for those who recognise that odds of 180 million to 1 (the odds of winning Euro Millions) are pretty slim, cash raffles could be the best option. The prize fund and RTP (return to player) is also better with cash raffles, as typically 70-80% of all the entry money from cash raffles is paid out in prizes, compared to around just 50% with lotteries.
The short answer is yes, as long as they offer a free entry method, which is usually done by a postcard. This means that it is exempt from being classed as gambling like an online betting site or casino, which are licensed by the UKGC and have a number of stringent rules in place. By not having this red tape in place, sites offering cash raffles have much lower operating costs, which helps explain why the odds are often so good. To ensure you are dealing with a trustworthy site, we would only recommend those that have a UK phone number and postal address featured prominently on their site.
