Possible idea for fundraising - NSC Race Night

[The Great Cornholio]

I know lot's of other things have been suggested but how about a filmed Race Night? For those of you that have never been to one, you have 8 horse or dog races - all with 8 runners. There is no form or odds - you just buy tickets at, say 50p or £1 each. The total prize money is split 50/50 or 60/40 and payouts are Tote style. (The less tickets that were bought, the more the win per ticket.)

This would need a willing pub with a large screen TV or projector. DIY kits for a Race Night can be bought for £99 or I could burn DVD's myself (Not sure how legal this method is). Pubs have no problem hosting these nights as they are classified as a lottery.

According to one website, having 70 people betting £1.50 per race can make up to £1000 "profit" which wouldn't be bad. (Other initiative's such as sponsoring races or having auctions to "own" a horse can increase this further)

It's too soon to arrange for next Monday's meet up but what does everyone think?

 

[Titanic]

Great idea... and perhaps we could have a Pinstickers Guide from Gareth ??

 

[Deleted User X18H]

The Engineer Argyle road would be interested in this I will enquire.

 

[The Great Cornholio]

Here is how it works

How it all works

The tote is opened and tickets sold. There is no limit on the amount of tickets that may be purchased. A film or tape is then selected at random and the race is run. The money collected is split between the fund raiser and the winners. An example of the money raised from the tote is as follows:

In race one:-

Horse 1. sells 10 tickets @ 50p = £5.00

Horse 2. sells 8 tickets @ 50p = £4.00

Horse 3. sells 16 tickets @ 50p = £8.00

Horse 4. sells 4 tickets @ 50p = £2.00

Horse 5. sells 15 tickets @ 50p = £7.50

Horse 6. sells 16 tickets @ 50p = £8.00

Horse 7. sells 20 tickets @ 50p = £10.00

Horse 8. sells 15 tickets @ 50p = £7.50

A total of £52.00

Tickets can be sold at whatever price you like 20p/50p/£1. You decide. If in the above example the £52 from the first race is split 50/50 then the fund-raiser would make £26 and the winning ticket holders would share £26. If Horse 4 won this would be £26 split between 4 punters which equals £6.50 each. If Horse 7 won then there would be 20 winning tickets with a pay-out of £1.30 each.

This is just the first of up to eight races.

You can raise additional funds prior to the race night by selling horses and jockeys and finding sponsors for each race.

Horses and Jockeys.

Sell the horses for say £2.00. This raises £16 per race. You can then pay £10 to the winning horse owner and put £6 into the fund. You can do the same with the Jockeys by selling them prior to the race.

You can charge what you like for the horses and jockeys.

Sponsors

Find a local business or shop to sponsor a race for £5, £10 or £15 per race and name the race after the sponsor. This will raise between £40 and £120.

By pre-selling you should be able to go into profit before the race night is held and before the tote starts adding to the fund. In addition to all of this there are other ways of raising additional funds on the night such as dual forecast lucky dips.

 

[The Great Cornholio]

And here is a possible supplier :-

Filmed Horse Races