Examples of Fund Raising

With these events the betting takes place with real money and typically 50% of all the money taken in bets will be donated to the chosen cause. When the bets are complete 50% of the money will be kept for the charity and the remainder will be split between the winners for example.

Suppose the following is the total amount backed on the runners

The total money received is £100. Half of this £50 is taken for the cause.

Suppose Runner 8 is the winner then if each person has bet £1 then the total number of people who have placed a bet on Runner 8 is 5. Therefore the money available for prizes is £50 which is divided amonst the 5 lucky winners. They each get £10 each and the charity has gained £50.

If a similar amount of betting takes place on each race the total good cause money will be £50 for all 8 races which makes a total of £400.

Extra money can be raised by selling the runners in the races. The selling is usually done by prior to your event. From the total amount gained from the sales 50% is again donated to charity. The owners of the winners will then win the remaining 50%.

If the runners in one race are sold for the following amounts £8, £6, £10, £5, £6, £4, £10, and £8, the total income is £57. Half of this £28.50 will be raised for the funds.

The runners of one race could be auctioned off on the night allowing the guests to bid to buy the horses. The higher the bid then the higher the prize money and the higher the money raised for funds.

Jockeys can also be sold off in the same way as horses to raise even more money.

And that's not it there are many others ways in which money can be raised.

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