Card raffles - way of the future?

jingram058 · #1 10-08-2022, 08:40 PM

I guess I would be okay with it. Who knows, maybe get lucky every once in a while. It would be one way to get a card I most likely would not be able to get, if I got lucky.

Casey2296 · #2 10-08-2022, 09:16 PM

I would definitely do a 1/10 raffle for high priced cards. Those odds are good, when they sell 100 tickets and pull one winner it's a waste of time and money.

Rich Falvo · #3 10-08-2022, 09:37 PM

I participated in many of these years ago, but not as much recently. It's a fun concept. Just make sure you participate in a group that has somebody other than the card owner do the randomization of the draw and it should be recorded and posted to the group.

Casey2296 · #4 10-08-2022, 09:53 PM

Quote:

Originally Posted by Rich Falvo

I participated in many of these years ago, but not as much recently. It's a fun concept. Just make sure you participate in a group that has somebody other than the card owner do the randomization of the draw and it should be recorded and posted to the group.

Good point Rich,
Would be fun If the group of ten were your buddies or respected friends in the hobby so no matter who won you'd be happy for them.

jfkheat · #5 10-08-2022, 10:05 PM

A lot of states have laws restricting how raffles can be ran. In a couple states raffles are illegal.

Johnny630 · #6 10-08-2022, 10:28 PM

What about a set break raffle ? I�ve been seeing these lately. Like say a 55 Topps $50 a spot each spot wins a card.

BobC · #7 10-08-2022, 11:13 PM

Quote:

Originally Posted by Johnny630

What about a set break raffle ? I�ve been seeing these lately. Like say a 55 Topps $50 a spot each spot wins a card.

Exactly right, but I believe the correct term would be a "vintage break". Quite a while ago I had said I could see a possible market for people selling off their collections as they get older, using such a technique. Say you had collected a set, '39 Playball, and were ready to sell it off. Rather than going through the trouble of breaking up the set and selling the cards off individually, or at least selling off the star/HOF cards individually, you call for a vintage break of the set instead. Set the price per spot, and you can pretty much lock in what you'll make, while also selling off the entire set all in one transaction. Selling the entire set piece by piece can entail a lot of time, effort, and potential loss if you go the auction route, and the market doesn't step up for what you have.

And since everyone with a spot gets a card from the set, there is no true "gambling" aspect involved where someone could end up getting nothing, which can land you in legal trouble in some states.

Rich Klein · #8 10-09-2022, 07:56 AM

For modern cards they are called "Razzes" which is the same thing as being discussed.

bobbyw8469 · #9 10-10-2022, 02:51 PM

Quote:

Originally Posted by Johnny630

What about a set break raffle ? I�ve been seeing these lately. Like say a 55 Topps $50 a spot each spot wins a card.

Burl's Sports. Check them out.

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