Would you give me one dollar for a chance to be rich?

Question

Here is my concept. A half and half draw. IF everyone gave one dollar and half of the money was given to me and half went to someone who won the other half would you do it. Is it legally possible to do this. Ever been to a church bazaar or something like that, they do that. It is just on a bigger scale. It would make me and one other person (with the right ticket) rich if lots of people do it.

Obviously these rules would apply....
A limited time to raise money say a year period whatever was the amount would be divided.
A reputable finace place would have to keep the funds in the interim.
The winner would be chosen by this firm.
The firm would get paid by me by getting say 25% of what I did end up with.
Anyone care to do this.

Someone will win is the difference in the odds here.

Answer 1

It is called a lottery. In most places they are illegal without a government permit.
Half and Half draws are usually only allowed for charities.
Government lotteries are usually offering odds that would make them illegal under any gambling laws anywhere.

Note that the term half and half only applies to one form. The ratio might be much different. the payoff might only be 1/1,000,000.

Answer 2

Yeah, not so much. Typically raffles must benefit a specific group or organization that is non-profit. Besides, think of it this way. Can you imagine walking up to your best friend, saying hey, will you give me 50 cents for a chance to buy a raffle ticket for 50 cents that will make up your winnings. Then again, people do play the lottery which presumably has worse odds than your little arrangement.

Answer 3

No, the odds of winning are bad

Answer 4

It's ok to be rich in the USA.

Answer 5

It's illegal in Canada.

Answer 6

Illegal.