Race night Income

Race night winners at a company social evening raising money for charity.

The winners show off their medals and trophies at a race night for a company party in Lancashire.

Ways to make money with a Race Night

The figures used are just a guide. You can charge whatever you want for the ownership of the horses, sponsorship or betting. It's up to you to decide what is reasonable and what you think people will be happy to pay.

Sale of the horses

There are eight horses in each race and there are eight races.

Horses @ £3 each x 64 = £192

Race sponsorship

There are eight races. Find a sponsor for each race.

Race Sponsors @ £30 each x eight races = £240

Side bets

We run a Tri-Cast on one of the races. People guess which horses will come in 1st, 2nd and 3rd places on a specified race. All bets are sold in advance, before the night.

Potential return £326.

The money spent on betting on the night

Half of the money spent on betting is paid out in winnings. Half is profit for the charity.

If 100 people attended and spent £10 each this would raise £500.

Raffle

Organisers often have a raffle during the break.

Potential return from sale of raffle tickets, £100?

Entrance ticket sales

You could sell tickets in advance. This is a good idea if you are putting on pie and peas or other food / refreshments.

Assuming 100 people buy tickets at £3.50 each, £350.

Potential total income

£192 + 240 + 326 + 500 + 100 + 350 = £1780

Deduct cost of pie and pea supper, hall hire and hiring the race night, say £600.

£1780 - £600 = Total profit £1180.

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Fri, 21st November 2014