Another Win a House Failure
10 Comments January 7, 2007 / Posted in Web StuffWin a House competitions have been popular internet stories. They usually get press coverage along the lines of the idea being “unique” and with the housing market constantly in the news they possibly arouse public interest. Sadly, in almost every case I’ve been aware of, the public interest does not equate to participation and so far, again as far as I am aware of, not one house has actually been won through these kind of raffle competitions.
Winning a £315,000 house in Rugby for the price of a £5 raffle ticket sounds good, but in one competition players have kissed their money goodbye and now have no chance of winning the house. The company involved, MJ Prizes, has collapsed and according to Rugby Today only £9000 worth of tickets were actually sold. That’s just under 3% of the number of tickets required to be sold to just break even on the house price.
In the last few months a new Win a House competition started up at Winahouse.tv. This competition offers players the chance to win a house for £1. The first competition has closed (6th January) and what will be interesting is if the house gets awarded. The terms of the competition indicate that if less than 400,000 entries have been made then an alternative prize will be awarded. Two further draws are due this month too – and it will be interesting to see if another win a house competition ends up failing or whether finally a house is won through these kind of promotions.
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Just saw on their blog (http://www.house4apound.tv/wordpress/?p=25) that they sold 5252 tickets and will be paying out £1000.
I have seen a similar competition to win a house – entry is only £1 online and are offering a free route by post. Is it a lack of interest or fear of a con that stops people entering these competitions ?
i heard about a site in the UK that are doing pritty well seeing as they have only been online for about a week now
http://www.shropshirehouse.co.uk
even if you dont buy a ticket or two like i have (actually brought 10 now i have a 1 in 3,333 of winning which is beta dan the lottery
http://www.winadevonpropertywithfishing.co.uk/index.php
This one appears to be doing rather well….46000 ish tickets need to be sold for the house to be won, 32,000 ish sold so far (including 2 to me!)
It was on 22,000ish a couple of weeks ago and closing date is Decemeber, so looking promising…offering a 65% pot if the required number of tickets doesnt sell
Why not buy a ticket we all buy lottery tickets and scratch cards so why not try win a house. One property advertised sold 46,000 tickets in 11 weeks one lucky winner will win a property worth 850,000 all for the cost of £25. As long as they are proven they have been run fairly in most of the cases i have been watching accountants and solicitors are involved and the money in secure bank accounts why not try your luck as I have done and if the tickets are not all sold then someone will win cash!.
The 46000 ticket competition has been delayed in announcing a winner due to an enquiry by The Gambling Commission.
It’s totally possible that all entrants will have their cash refunded.
These competitions are not as straightforward as those running them think.
The Wilshaws have announced their draw date for the 19th May which goes to prove house prize competitions can work if given a chance. Ticket sales are vitally important from the offset. The negative attitude of don’t buy a ticket until somebody else does is what kills the competitions. For such a tiny outlay compared to the value of the prize it is surely worth a go!! Far better odds than any lottery.
“which goes to prove house prize competitions can work if given a chance”
It doesn’t prove anything – when several competitions complete then it’ll prove that these can work.
These kind of competitions have been running for 5/6/7 years. The Wilshaws one is the only UK one to complete. Winalondonpad gave away a property without reaching it’s required quota as a “gesture” (marketing ploy).
It’s not the negative attitude of “don’t buy a ticket” that kills the competitions – it’s the fact that most of the time people just don’t want to enter them!
And at least say you’re running your own win a house competition in reply – surely that influences your opinion some what?
I’m now having to take winalondonpad to the small claims court, as they have completely altered the competition and constantly postponed doing any further draws, and refused to refund me my money. Although they did respond to emails, they hardly ever addressed any of my questions or concerns. I enjoyed the Wiltshaws winadevonpropertywithfishing competition which I had a ticket for, but after this winalondonpad one I’ll not be entering any more win a house competitions.
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