The 50/50 monthly prize draw is another way that the club raises money to provide funds for trips, equipment purchases, supplement social evening events and any other purpose that the club members think will benefit the club. Why is it called the 50/50 Prize Draw? Simples, 50% of the monthly income goes to the club and the other 50% is returned to the winning ball owners.
The way it works is very simple. Anyone can set up a monthly standing order to pay £3 (or any multiple of £3) to the club. For each £3 unit you get to chose a numbered ball that is entered into the monthly draw (eg. for £6 entered per month you will get 2 different numbered balls). Now the good news, for every £3 entered the club gains £1.50 and the 1st, 2nd & 3rd prize winners get the other £1.50 divided up between them. Currently we have an income of £99 each month of which the club receives £49 and the winning ball owners get prizes as per the 1st, 2nd, & 3rd prizes above. The more ball owners we have the more money the club receives and the more money the prize winners receive.
Everyone’s a winner.