A racing or casino night can be a great way to get people together for a night of games, while also raising funds. Take a look at our tips on how to organise your own racing or casino night.
The betting works by people choosing the horse they wish to back and betting, often in 50p bets, but they can place as many bets as they choose. Around 30% of the funds betted are taken for the charity and the rest gets paid out in prizes. The race master usually works out the payouts for you. Ensure the cash handling procedure puts no one at risk.
Inform everybody that you are going to auction the horses in the last race. Suggest that they club together as a table, as there will only be eight chances to own. The winning horse owners get back half of all bids. For example – 10 people to a table, they all put in £5 and each horse is auctioned for £50; total auction money £400. The charity takes £200 and the winner gets £200.
From this, you can see how the profit can build up - £500 from selling the horses is a great start, add to this the raffle funds and the cash you make from the actual betting and up to £2,000 is almost easy!
At no point is real money involved in the gaming: participants are given chips as part of the ticket price, but they can buy more if they run out.
Once everyone has cashed in their chips, first prize is given to the person who won the most at the tables (then second and third if you have enough prizes). This way all money raised from sales of the chips goes towards the profit.
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