What is Chinese raffle?

What is Chinese raffle?

What is a Chinese Raffle? Many people also refer to this type of raffle as a Chinese auction, basket auction, penny (or nickel, or quarter) auction. It’s a fundraising event in which participants purchase small tickets that they can submit to win a variety of prizes.

What’s a Chinese auction?

Think of these auctions as events that combine a silent auction with a raffle. To put it simply, bidders buy tickets and use them to bid on items. The more you want something, the more tickets you buy and put into the jar to increase your chance to be drawn as the lucky winner.

What is the difference between a silent auction and a Chinese auction?

In a Chinese auction, customers buy a number of tickets for a set price, then use the tickets to bid on the items on display by dropping them in a fishbowl next to the item. In a silent auction, they would just enter a bid amount on a form next to the donated item.

What is a teacup auction?

After 24 years, the Newcomers & Friends Teacup Auction has certainly outgrown its name. In the fundraiser’s first years, women distributed raffle tickets into tiny teacups, hoping to nab prizes after donating their cash to a good cause. In fact, it’s so popular, tickets are hard to come by.

Why is it called a Chinese raffle?

“Chinese auction” is also known as a “penny raffle” or “chance auction.” At the time, Chinese laborers were paid low wages, and Chinese came to mean “cheap” in American slang. Because the raffle tickets are inexpensive, perhaps this led to the characterization “Chinese auction.”

What do Chinese auction tickets cost?

But the $1 for each ticket is only good for the presale. On the day of the event, ticket prices will increase to 1 for $2, 3 for $5, 7 for $10, 16 for $20 and 1 ticket in every bucket for $50. Pre-Sale will be an incentive for those teams who donate many items and/or have high value items.

How much do Chinese auction tickets sell for?

Once the Chinese Auction is open to the public, all tickets chances are sold for $2 each.

What is Chinese Ebay called?

showTranscriptions. Taobao (simplified Chinese: 淘宝网; traditional Chinese: 淘寶網) is a Chinese online shopping platform.

Why do they call it a tricky tray?

Penny socials are so called because, once upon a time, each ticket cost a penny. Tricky trays seem to have a special niche for organizations when money is not available to buy supplies. In simplest terms, a tricky tray is where participants buy tickets and place them in containers next to the items they want to win.

What are 50 50 raffles?

What is a 50/50 Raffle? A 50/50 raffle is much like other raffles; participants buy a ticket for a chance to win a prize if their name or ticket is drawn.

Why is it called tricky tray?

Penny socials are so called because, once upon a time, each ticket cost a penny. In simplest terms, a tricky tray is where participants buy tickets and place them in containers next to the items they want to win.

How do you do a 50/50 raffle?

So here it is in a nutshell: Sell the raffle tickets and collect the money. Add up the amount you have collected and divide it in half. One half goes to the winner and the other half to your organization. Draw the ticket.