Seeded Pot vs Base Payout(Guaranteed payout)

Seeded Pot

This is the lowest possible amount a winner will receive. All ticket sales will add to this value.

If your organization receives a $2000 donation and you choose to split it in half, with $1000 going to the winner and $1000 to the organization, then the seeded amount would be $1000.

The initial pot begins at $2000 which ensures the winner a minimum of $1000(winner gets 50%), and it will increase as more funds are added through ticket sales. This ensures that the winner will receive the total pot prize along with the seeded amount.

Guaranteed Prize or Prize with Base Payout

This is the guaranteed amount that the winner will receive. You are required to pay this amount to the winner even if the tickets do not collect this amount. 

If your organization receives a $1000 donation and designates it as a guaranteed prize, even if only $800 worth of tickets are sold, the winner will still receive the full $1000 prize amount.

The initial pot begins at $0 with a statement guaranteeing the winner a minimum of $1,000. This assurance vanishes once ticket sales reach $2,000, indicating that enough funds have been accumulated to provide the winner with at least $1,000.

What would they look like when your raffle goes live

Pot with zero sales

Pot with half of tickets available sold

Pot when tickets are almost sold out(50 tickets remaining)

Pot when sold out