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What is a 50-50 raffle?

Updated: 9/28/2023
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Britlit96

Lvl 1
13y ago

Best Answer

A 50-50 raffle is when they take all of the money they've earned from selling tickets, give 50% of the money to the winner and keep the other 50% for a profit.

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Wiki User

13y ago
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Wiki User

12y ago

Yes, they are. What you buy with a raffle is a chance of winning. You probably won't win, but there is a chance that you will. That is a gamble.

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Wiki User

13y ago

Yes.

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Q: What is a 50-50 raffle?
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