40 Acres of Land being "Raffled" for €250????

Chevy RV

Hello Everybody,


I have just seen this draw in Farm & Plant magazine. Buy a ticket to win 40 acres for €250 in a draw limited to 2000.

I have attached the Facebook link advertising it but am not no sure about its authenticity?

https://www.facebook.com/pages/Farm-Quiz/542605525791723?fref=ts


What do you think, good or bad deal ???


Regards,


Chevy RV

countryjimbo

Sounds tempting but you might want to be a bit of gambler, there's 1999 chances of losing!!

moy83

He will have half a million for the 40 acres any how . Was this competition done a couple of years ago aswell ?

epfff

moy83 wrote: »

He will have half a million for the 40 acres any how . Was this competition done a couple of years ago aswell ?

It was a house I think last time

hugo29

moy83 wrote: »

He will have half a million for the 40 acres any how . Was this competition done a couple of years ago aswell ?

seem something similar before, if it all stacked up and ya had the cash it worth a pop i suppose

jack77

Is it Legal?

Conmaicne Mara

jack77 wrote: »

Is it Legal?

I'm not sure that it is you know. Looked into something similar before, forget the details will have to ask herself.

JuliusCaesar

This used to happen in the 80s, houses were often 'raffled' in Dublin at that time. It isn't a real raffle as there's a 'skill' element - you have to get the quiz question right before you get entered, and afaik that's the bit that makes it legal (or did in the 80s).

It used happen because the price of houses was so low at the time.

6 of us joined together to get the necessary £30 for a ticket for a house on Appian Way. We didn't win. I pass it now and again, and think 'if only'!

rs8

wouldnt it be grand to get it!!

893bet

Wouldn't dream of entering risk vrs reward is too low.

Would prefer to put the 250 euros on a number in a casino.

rs8

893bet wrote: »

Wouldn't dream of entering risk vrs reward is too low.

Would prefer to put the 250 euros on a number in a casino.

good username

893bet

rs8 wrote: »

good username

It was a toss up between that and 'tenfiveoffraiseoutofposition'

Farmer Pudsey

Looking at the land it how good is it. back looks like it is wet land from map. Also seems to be a rocky patch at back as well. I think access and water may be an issue there. Looks like only a gravel road to main gate. Water is more than likely from the stream. It is a long narrow piece of land facing north-south.

I say it was cut for hay/silage a lot and is depleated of P&K. Is it worth 6-7K/acre in todays market?. They are looking to double there money.

You are investing 250 euro to win 250,000 in a 2000/1 chance.

Would you put it on a horse??:eek:

893bet

Farmer Pudsey wrote: »

Looking at the land it how good is it. back looks like it is wet land from map. Also seems to be a rocky patch at back as well. I think access and water may be an issue there. Looks like only a gravel road to main gate. Water is more than likely from the stream. It is a long narrow piece of land facing north-south.

I say it was cut for hay/silage a lot and is depleated of P&K. Is it worth 6-7K/acre in todays market?. They are looking to double there money.

You are investing 250 euro to win 250,000 in a 2000/1 chance.

Would you put it on a horse??:eek:

Pretty much!

Looks wet here aswell!

https://www.facebook.com/photo.php?fbid=571316756253933&set=a.571316609587281.1073741831.542605525791723&type=1&theater

and if it wasnt dry this summer then it will never be dry!

tabby aspreme

Ray Coyle " Mr Tayto" raffled 280 acres in Co Meath about 20/30 years ago , did him no harm

20silkcut

There is a good paved road going to the gate of these fields. I have physically seen this land. One of the fields is dry upland. The rest (about half )is typical lowland. The finest in 2013, dog rough in 2012.

Farmer Pudsey

20silkcut wrote: »

There is a good paved road going to the gate of these fields. I have physically seen this land. One of the fields is dry upland. The rest (about half )is typical lowland. The finest in 2013, dog rough in 2012.

Put up a bing/google map url to it and we will have a look from the air.

Conmaicne Mara

Farmer Pudsey wrote: »

Put up a bing/google map url to it and we will have a look from the air.

Seems to be in a place called Longfordpass South, am there now on Bing but fecked if I can spot it yet. Bloody lowland, free of interesting terrain features

Conmaicne Mara

I wonder is this it? Funny arrow shaped field with a narrow neck in the forestry? To the left of the clearfell which is left of the Drish river. In fact am 99.9% sure that's it.

http://www.bing.com/maps/?v=2&cp=52.676399~-7.636766&lvl=15&dir=0&sty=h&q=longfordpass%20south&form=LMLTCC

Farmer Pudsey

Conmaicne Mara wrote: »

Seems to be in a place called Longfordpass South, am there now on Bing but fecked if I can spot it yet. Bloody lowland, free of interesting terrain features

Have it but cannot save URL it is south of Longford pass south, it is wraped around the forrestry


will we walk it tomorrow

Conmaicne Mara

Ye can, like someone said earlier, I wouldn't put €250 on a 2000/1 horse, no different gambling on this. Plus, ALL of the tickets need to be sold just for their to be a raffle/draw/whatever. Might be lucky for someone, I'm keeping my €250 and putting it towards a Vicon

Farmer Pudsey

They will raffle if they sell half that amount if they have any sence. Forestry on left will shade it. Do not look to be great access and as I suspected it is hungry for P&K.

I would revise my value downwards by at least 1K/acre after having a look at it.

200K should buy it, if they got offered even that I suspect they had trouble selling it.

so you are betting 250 to win maybe 200K at 2000/1

Conmaicne Mara

It looks hungry on Bing compared to other land nearby. It also looks like it has drainage issues, the question would present itself, is there a way out for water or does it settle there with nowhere to go?

In that type of scenario I suspect they will only be able to raffle the land if the full amount is met. If not they may have to either return or raffle whatever pot of money.

Be one of my worst nightmares for a sheep farm beside that forestry, I'd say you'd run for cover looking at eyes shining out of the treeline at night.

ganmo

I think the law is that a charity has to benefit from the raffle...which the hospice looks to be promised 1%.
I wouldn't be buyin a ticket...fb page is 8 months old and won't do the draw unless they sell all the tickets...

mayota

ganmo wrote: »

I think the law is that a charity has to benefit from the raffle...which the hospice looks to be promised 1%.
I wouldn't be buyin a ticket...fb page is 8 months old and won't do the draw unless they sell all the tickets...

They might have near €500,000 ticket sales money on deposit, bit of interest there.

20silkcut

Don't have a clue how to work a link from here to bing but it is the exact fields that conmaicne mara described. Curving around the forestry with an arrow shaped field at the bottom. Just to the south west of the junction where Mary willies pub is situated.



I heard there is a possible wind farm prospecting in this area and on this land. Which may make it more appealing.

Conmaicne Mara

20silkcut wrote: »

Don't have a clue how to work a link from here to bing but it is the exact fields that conmaicne mara described.

I heard there is a possible wind farm going in this area and on this land. Which may make it more appealing.

Is it down in a bit of a hole? Google Earth street view is of very limited use but from what I could gather it'd downhill from a lot of land, would water be trapped in it, not able to drain out elsewhere?

20silkcut

The curved part is lowland alright. The greener fields adjacent to it are sloping up towards the road. The arrow field at the bottom is at the level of the road and is as flat as a pancake and dry enough.

20silkcut

See does this work this is a screen shot of the land from google maps.
The pin marks where the land is.

enricoh

mr. tayto did similar near drogheda in the late 80's iirc. one field with 365 acres in it in bellewstown. think the banks were going to pull the plug on him at the time - he fairly turned that around!
oul boy n everyone nearby got a ticket n went along to the draw for a pissup!

gambit83

i'm pretty certain this is illegal, it's a form of gambling and a licence is needed

Farmer Pudsey

enricoh wrote: »

mr. tayto did similar near drogheda in the late 80's iirc. one field with 365 acres in it in bellewstown. think the banks were going to pull the plug on him at the time - he fairly turned that around!
oul boy n everyone nearby got a ticket n went along to the draw for a pissup!

I think if I remember at the time no one could get money from the banks. It was nigh on impossible to sell such a block of land. In this case looking at the land these people are trying to raffle the land for 2-2.5 times it value in tickets. I imagine that if it went to auction it would attract bids but way below there projected value.

The other question is as there is a skill element and if you wou would you have a tax obligation after.

bbam

To the lads turning their noses up at the odds...
I suppose its all relative to where the parcel of land is....

If it was across the hedge from me I'd definitely have a punt on it...
If it were within a few miles I'd still consider it..
But otherwise... no

Conmaicne Mara

bbam wrote: »

To the lads turning their noses up at the odds...
I suppose its all relative to where the parcel of land is....

If it was across the hedge from me I'd definitely have a punt on it...
If it were within a few miles I'd still consider it..
But otherwise... no

I don't believe it to be as straight forward as some people think it is. I'm not entirely sure it's legal, I do think there will be tax implications. We looked into it before briefly regarding property of another nature and backed out again fairly lively. Just neither of us can remember exactly why, it certainly wasn't just pick land parcel A, sell tickets, raffle, profit.

And I wouldn't put €250 on a horse if he was 2000/1 and running around my living room.

Farmer Pudsey

bbam wrote: »

To the lads turning their noses up at the odds...
I suppose its all relative to where the parcel of land is....

If it was across the hedge from me I'd definitely have a punt on it...
If it were within a few miles I'd still consider it..
But otherwise... no

If someone set up a limited draw was going to sell 2000 tickets at 250 a pop. If he was going to raffle only 200K of it would you buy a ticket. Just because it is land next to you should make no difference

bbam

Farmer Pudsey wrote: »

If someone set up a limited draw was going to sell 2000 tickets at 250 a pop. If he was going to raffle only 200K of it would you buy a ticket. Just because it is land next to you should make no difference

I think for €250 the chance of winning 40Ac of adjoining land is much different to winning the same acerage 2 or 3 counties away..

The land is still worth €200K, do we resent him for making a profit ??


My point was about land adjoining your own, it can be hard to get, for some impossible. So if there was a chance of it you'd be surprised how many would have a punt...

Farmer Pudsey

bbam wrote: »

I think for €250 the chance of winning 40Ac of adjoining land is much different to winning the same acerage 2 or 3 counties away..

The land is still worth €200K, do we resent him for making a profit ??


My point was about land adjoining your own, it can be hard to get, for some impossible. So if there was a chance of it you'd be surprised how many would have a punt...

But he is not going to raffle unless he raises more in tickets sales than the land will make in auction. For this he needs punters from accross the country. Maybe if odds were 1000/1 I might gamble but at 2K/1 I keep my 250 euro

ford2600

Conmaicne Mara wrote: »

Is it down in a bit of a hole? Google Earth street view is of very limited use but from what I could gather it'd downhill from a lot of land, would water be trapped in it, not able to drain out elsewhere?

Look it up on gridreference.ie and youll get elevation of anywhere you want

bbam

Farmer Pudsey wrote: »

But he is not going to raffle unless he raises more in tickets sales than the land will make in auction. For this he needs punters from accross the country. Maybe if odds were 1000/1 I might gamble but at 2K/1 I keep my 250 euro

Thats the bit I can't understand..
Why would I want a small chance of winning a plot of land 3 counties away..
No thanks

893bet

Hmmmmm

Wonder if I enter would it be tax deducible?

20silkcut

bbam wrote: »

Thats the bit I can't understand..
Why would I want a small chance of winning a plot of land 3 counties away..
No thanks

You have the same chance as a fella living beside it though.

You can sell the land if ya win it. It will sell no bother lots of ambitious farmers around this area looking to expand.

That land will not go for less than 5k per acre that's 200 grand at least.

Conmaicne Mara

20silkcut wrote: »

You can sell the land if ya win it.

I wonder has there been a for sale sign on it previously.

whupdedo

Yer making some song and dance about that bit of ****in land

20silkcut

Conmaicne Mara wrote: »

I wonder has there been a for sale sign on it previously.

There was I reckon your man just didn't get the offers he wanted but there would have been plenty of interest in it.
I looked at it myself sure.

893bet

20silkcut wrote: »

You have the same chance as a fella living beside it though.

You can sell the land if ya win it. It will sell no bother lots of ambitious farmers around this area looking to expand.

That land will not go for less than 5k per acre that's 200 grand at least.

That is the point risk v reward is way off!

If you win you will be up 200K.

You should be up 500K (250euro at 2000/1 chance of wining).

by the curragh

I wonder does the owner owe a bank 500k on it. Might explain the reluctance to part with it for less. If this is the case, the owner may not be able to afford to sell it for current market value.

Miname

893bet wrote: »

That is the point risk v reward is way off!

If you win you will be up 200K.

You should be up 500K (250euro at 2000/1 chance of wining).

Buy more tickets and the odds get better, you can throw as much on a horse as you want but he won't have any better chance of winning. If it was beside me I'd be buying a couple. Do many of you do the lotto?

johnnyskeleton

jack77 wrote: »

Is it Legal?

Not unless there is a lottery licence.

Under the gaming and lotteries act 1956(ish) you can't sue to force someone to pay up on a wager.

Nor is an oral contract binding where the subject of the contract is the sale of lands.

So, assuming the draw is not rigged, he can turn around to the winner and say "sorry, I don't want to give you my land after all, but here's your €250 back".

Plus, all he can sell is his own title. If he has nothing more than a right to graze occasionally, that's all the raffle winner gets.

Farmer Pudsey

Miname wrote: »

Buy more tickets and the odds get better, you can throw as much on a horse as you want but he won't have any better chance of winning. If it was beside me I'd be buying a couple. Do many of you do the lotto?

No only when the jackpot is very high over 10 million I might wager a few euro.

you could but all the tickets and spend 500K buying a 200k bit of land.

C0N0R

800/1 reward for a 2000/1 risk? Buying more tickets reduces your risk and reward. If it was me and was beside me, or if I stumbled across €250 I'd give it a go, sure it's what's that max three nights out? But wouldn't have me hopes up!

A cow called Daisy

Odds of winning lotto over 8 million to one. If ya not in ....