Competition Sites

[The Artist]

[BRUN]

[CorriganJ]

[BRUN]

Yea I am offering my code because I get £10 credit, thats the idea of the referral scheme, but you get £10 too, so for £1 spend, you can have £11 worth of entries, thats definitely worth it, its always worth a go, if someone had came to me with there code and I had never used the site I would have a go, someone at work used it and won £500 on there, someone has to win

I wouldn't want anyone on here to turn into an addicted Nuttall, his wins though are another story, I would love someone on here to win

If anyone does use my code, make sure you complete the transaction from the link, dont open it and go back to it 3 days later, use the link and get whatever you want and you will get your credit

[The Artist]

Offer still stands. If anyone wants better odds than Apex66 for cash, just let me know.

£500 cash prize. 65:1 chance. £10 entry.

£1000 cash prize. 65:1 chance. £20 entry.

[Ayrton]

[Fat Angry Scotsman]

[BRUN]

if anyone is on the fence about using my referral and the voucher, they are doing 20% off today using code SUN20, so that £11 worth of tickets would get you a few extra

[ThatDippyTwat]

Workmates brother won an R1 with Revcomps. But never play lotteries if you can't afford to lose it.
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'98 VFR800 (touring) - '12 VFR800 Crosrunner (Commuting) - '01 KDX220 (Big Green Antisocial Machine)

[Ste]

Talking with someone a few weeks ago at the kayaking club and they were saying about someone they work with had won £10k on one of those competition sites and had also won a sorted Ford Raptor complete with a jetski on a trailer.

Why are they known as competition sites when they're basically raffles rather than competitions?

[Fat Angry Scotsman]

[rpsmith79]

[The Artist]

[rpsmith79]

[BRUN]

[BRUN]

Thanks whoever used my code

Best of luck

[Nobby the Bastard]

FFs enough already. The way these competitions work is that only the people who set them up can statistically win over time and the £10 teaser is to drag people in so they keep gambling. It's essentially the same as roulette where 0 and 00 means the banker wins and no-one else can.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Jayy]

[Fat Angry Scotsman]

[Fat Angry Scotsman]

I tracked their sales and what their likely gross profit is (I used the cheapest retail prices from google search as costs).

Given that they do a draw every four days and assuming this represents an average draw intake (likely represents a bad draw they kept moaning on stream they didn't sell well because everyone is on their holidays).

I reckon their Statement of Income and Retained Earnings is probably in the region of:

Turnover = £1,659,000
Cost of sales = £ 780,000
Gross profit = £ 879,000

I don't know their administrative expenses, etc so can't delve much deeper than that.

According to their Confirmation Statement, the shares are split equally amount the three Directors:

Daniel Guy Fulford,
Dean William Harfield,
Stuart Nevett.

So assuming they don't take a salary, their administrative expenses are capped at 20% (I don't see it costing more than £175.800 a year to run the website and pay incidentals, etc) and they retain 10% profit for future investment in the business (£87,000) then they are probably left with a pre-tax profit of £615,300.

Their tax burden on this figure would be £153,825 so profit after taxation around £461,475.

Assuming the three of them split it equally and take it out as a dividend then they three of them are probably making about £154,000 a year each off this business.

Not bad for doing a few hours work every 4 days.

Anyone want to go halfers with me on investment capital and we will make a competitor with the USP of better odds?
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PRESENT: 2018 BMW S1000XR SE Sport.
PAST: 2009 Kawasaki ER-6F. 2021 Zontes ZT-125U.

[Nobby the Bastard]

Administration would be included in cost of sales.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Nobby the Bastard]

Administration would be included in cost of sales.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[rpsmith79]

Thought i'd won something last night* when checking the list of winners, but it was my namesake who won, gutted




*plus, it was for a competition i hadn't entered
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Current Bike: Honda CG125 ES4 // Honda CB600FS Hornet // Triumph Street Triple R

[Fat Angry Scotsman]

[Nobby the Bastard]

How is admin a fixed cost?
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050