Post by desleader on Oct 5, 2006 16:18:58 GMT
okay the idea is a Race night. Basically its a series of horse races (usually 8) with about 6 horses in each (theyre usually real races that have been filmed).
So we sell 100 tickets for people to come (tickets sold before the night for £1) along with selling the horses for each race so that someone 'ownes' them, for £5. The owner of the horse that wins each race wins £15. So for each race we take £30 and pay out £15, so we make £15x8 = £120 (but people have to sell the ownerships before the evening, which mean about 48 horses to be sold beforehand).
Then on the evening we run a bar as well to bring money in
And we do betting on the horses. The easiest way is not to offer odds, but to do it as 50p a bet, and you have to pick the winner and 2nd place in order. We keep 50% of the takings and the winnings get divided amongst the winners. so.... if for example we had 100 people there and 50 people bet on a race thats £25. We take £12.50 and those you got 1st and 2nd right per race take a share of the remaining £12.50. So again after 8 races we should make about another £100
So thats £250, minus the cost of buying the race package (about £80), £170ish +bar money
There are people tat can come in and do it , but they charge extra for it and that takes money out of the profits, so we can do it ourselves, and i think some companies do other animals so not every race is a horse (there's camel, pigs and rabbits!).
So.... a date. Do we go for a couple of weeks before Xmas (soon), or wait until early Feb (no one has money in Jan!)?? Suggestions and comments welcome.
So we sell 100 tickets for people to come (tickets sold before the night for £1) along with selling the horses for each race so that someone 'ownes' them, for £5. The owner of the horse that wins each race wins £15. So for each race we take £30 and pay out £15, so we make £15x8 = £120 (but people have to sell the ownerships before the evening, which mean about 48 horses to be sold beforehand).
Then on the evening we run a bar as well to bring money in
And we do betting on the horses. The easiest way is not to offer odds, but to do it as 50p a bet, and you have to pick the winner and 2nd place in order. We keep 50% of the takings and the winnings get divided amongst the winners. so.... if for example we had 100 people there and 50 people bet on a race thats £25. We take £12.50 and those you got 1st and 2nd right per race take a share of the remaining £12.50. So again after 8 races we should make about another £100
So thats £250, minus the cost of buying the race package (about £80), £170ish +bar money
There are people tat can come in and do it , but they charge extra for it and that takes money out of the profits, so we can do it ourselves, and i think some companies do other animals so not every race is a horse (there's camel, pigs and rabbits!).
So.... a date. Do we go for a couple of weeks before Xmas (soon), or wait until early Feb (no one has money in Jan!)?? Suggestions and comments welcome.
