I work at a bank and we actually don't allow these sorts of businesses to open accounts with us...says it all!

Having looked into it a bit, cos I initially assumed it was a scam, most of the companies seem perfectly legitimate. Whilst there are no doubt scammers out there, the main thing that bothers me is they try to make out that the punters are all part of some great community, it seems people become both financially invested and emotionally. The people that run these companies whilst doing nothing illegal are morally bankrupt.

Should add, No issues with people having a flutter as long as people aren't being duped.

In reply to Post #50
That's the same mentality that doesn't know the cost
Of their new car or sofa. Only the weekly payments.

Years back one of my colleagues set up a lottery syndicate at a quid a week.

I declined the offer to join.

4 years later they had a win and came into work all excited as they had scooped 92 quid each.

They all took the piss out of me for not joining and one colleague called me a loser and said that I bet your pissed off now.

I then pointed out that I was over 100 quid better off overall.

The look on his face was priceless.

In reply to Post #45
I've seen loads of these on Facebook etc. Don't do them personally. Prefer to work, save and buy my gear. On a slightly more serious note gambling can quickly become addictive, so be careful.

If you think it's an issue, it probably is...


Visit BeGambleAware

In reply to Post #56
Don't spend money with eny crap companies , its all boiox

A colleague at work has just ....WON.... this week { monday } a VW camper Van on a 70 plate in one of these raffles , its absolutely lovely

In reply to Post #54
You never know though. My old mans boss never got involved in his work syndicate and called it a waste of money..........the numbers came in and they shared out 2.2 million. My old man got something around around the 100k mark. He brought me my first set of hand built rods 👌

A friend of mine runs a raffle company. Among other raffles he does TWO every day, that sell £1500 worth of tickets to win £1000 each. He lost a lot of money setting up the buisness not selling out tickets and doing the draw at a loss. But it seems to be paying out now. Although I'm pretty sure the tax rules for these kind of things are insane now.

I had 1 3.50 ticket in a raffle to win 48hrs at linear. All bait and food inc and a venue expert with me.

Thanks Big fish Little fish prize draw.

But not something I'd repeat often.

In reply to Post #65
48h fishing with a 'venue expert' sounds awful

A friend of mine won a Golf R32 from Dream Car Giveaways. He bought one ticket, first time he'd ever done anything like that and got the winning ticket. When he picked the car up it wasn't quite as good as he was expecting so he put it on eBay with a start price of whatever the raffle ticket cost him and no reserve. It ended at something like £6500.

He got death threats for selling it for more than he paid for it

Bought a 50p raffle ticket once and won a dozen custard doughnuts, win win.