Why did London woman’s astonishing gamble to RAFFLE her $1.6 million home fail?

  • Luxury homeowner decided home was no longer suitable so hit on plan to raffle it off
  • Planned to sell raffle tickets worth $4.9 million

Would you consider raffling off your own home as outrageous as putting all your money on red in roulette, or putting all your savings on a horse at the bookmakers?

A woman's astonishing gamble to raffle off her $1.62 million home has failed - for now.
A woman’s astonishing gamble to raffle off her $1.62 million home has failed – for now.

Enter Renu Qadri, who decided to raffle away her home in Blackheath, London – worth $1.62 million (£1.25 million) – in order to raise $13,000 for the Wateraid and Psoriasis Association charities, with tickets costing $6.50 (£5) each.

Raffle will continue, despite cancellation

However, the cancellation of the raffle hasn’t put off Qadri at all. She insists she’s ‘determined not to be defeated’ and is working closely with her local council to ensure she does things right.

Reasons behind the raffle

Qadri wanted to raffle her house away for numerous reasons. She and her family had lived there for some 20 years and, with four of her five children having moved out, she felt it was time to let someone else enjoy the home. She was looking to downsize as she finds stairs challenging due to her psoriasis. Finally, the family were struggling to afford the house.

So why did her astonishing plan fail?

Well its good old fashioned gambling legislation that forced its initial cancellation. According to Qadri, it’s the wording that has been the root of the problem, so she’s keen to get that sorted. She has even been in contact with the UK Gambling Commission to prevent instances like the raffle’s cancellation from happening again.

Her local Greenwich Council objected to the raffle going ahead, citing the illegality of the raffle according to the Gambling Act of 2005. They alerted Qadri to this and proceeded to take the raffle down.

Before the raffle got cancelled, Qadri said she wanted to sell a total of 750,000 tickets by November of this year. Furthermore, if she failed to sell the full amount, the leftover pot would go to a single ticket holder after all the necessary fees had been paid.

Anyone who purchased a ticket before the raffle’s cancellation are entitled to a full refund. Ticket buyers can claim their refund through PayPal simply by cancelling the ticket order.

Despite the raffle having initially been stopped, Qadri plans to soon relaunch it once she’s got the wording sorted and the go-ahead from the council. She insists her raffle isn’t a scam.

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