Process
A raffle often involves several different possible prizes that can be won, and a ticket will be drawn from the group at random for each of the prizes. In this manner, people were not buying tickets to win a specific prize, but for the possibility of winning any of the prizes, as the prizes do not have specific numbers attached. A ticket is drawn for the initial prize; that ticket is then left out of the container. A second ticket is then drawn for the next prize, and that ticket also is discarded, and so on. This continues until all prizes have been won.
A common practice for increasing revenue from ticket sales is to offer bulk sales of tickets, e.g., $1 per single ticket or $5 for six tickets, although this practise is illegal in some countries. Players tend to spend more money on bulk tickets believing they have a much better chance of winning. Since the tickets cost little money to produce, and the prize expense has been set, the number of tickets sold creates little or no additional cost for the raffle holders.
Read more about this topic: Raffle
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