Raffling off an apartment

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A boardsie wants to sell raffle tickets via ebay with the winner getting his 1 bedroom apartment:

Hi im doin some research at the minute in relation to raffling off my apartment and am wondering how much interest there would be in buying a ticket -

The Raffle - The raffle will consist of tickets being sold on EBAY where a buyer purchases a ticket number betweeen 1 and “the final number of tickets to be sold, lets say 50,000 for arguments sake”. Each ticket will be €5-10 each. The raffle itself will have legal documents drawn up by my own solicitor and all terms and conditions will be attached to the ebay purchase. The raffle will be held by a official adjudicator on line and a date will be attached to ebay for the raffle to take place so people can log on and watch the winning ticket being pulled.

The rules - It is my intention that a min number of tickets will need to be sold for the raffle to go ahead (again this will be mentioned on ebay). I these tickets are not sold then all moneys will be refunded via paypal.

Profit - It is not my intention to make profits on this raffle however advertising, tax, gaming licence costs etc will need to be covered within the number of tickets sold. The number of tickets been sold will be decided on ebay agreement therefore the buyer knows their odds will not vary i.e odds of 1 in 50k and not 1 in infinity.

Reason - Recession and dont want to sell apartment at a loss which in the current market is more than likely.

The Prize - The winner will be pulled out on the date mentioned on the ebay purchase. That person will then be handed over the deeds to a 1bedroom luxury apartment in a highly sought after location in dublin. That person will be mortgage free. That person will have spent no more than the charge of purchasing the ebay ticket.

Other posters are pointing out the dubious legality of his proposition.

[boards.ie] Raffle off an Apartment!!

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