A charity poker event is a lucrative way to gain fundraising for your organization. Hosting poker tournaments can help several stakeholders and donors who also love playing poker games. Considering the ticket sales, raffle revenues, rebuys, and various activities, your organization stands to gain much from these types of events.
Charity poker nights usually involve several individuals and groups hosting a poker tournament. Needless to say, the proceeds from the event go to a cause or charitable organization. Typically, these types of events follow local and state laws and ran in a way that is consistent with government regulations toward charitable fundraising.
How to Host Charity Poker Tournaments
Before you begin with anything, always check local laws if what you are about to embark on abides by these regulations. In the US, charitable gaming is legal on a state-to-state case basis, which is similar to Canada’s provinces. Usually, it is forbidden for prizes to be actual cash tender and they need to be non-monetary compensation.
Before you start planning an event or tournament, it is always best to research your local and state laws on relevant events. The state attorney general’s office generally has this information.
Next, you need to research the costs associated with a charity poker event. Like many fundraising events, planning initiates cost projection and management. When well-organized, tournaments can be profitable events. Depending on the scale of the event, an organization can raise $5,000-$10,000 for smaller events with lower ticket margins.
However, larger events with high and premium ticket prices can net your organization upwards of $25,000. Committee planning is crucial to the success of hosting charity poker tournaments, specifically in projecting how much you want to raise and how many attendees should take part in your event.
You need to shop for the right price and the rice service that fits your needs. A fundraising event budget and projected costs will be easier to use to decide ticket pricing and the number of attended needed to achieve the goal.
Any other method to achieve your fundraising goal is always welcomed such as setting up the possibility of partnering with online casino games. At CafeCasino, you’ll find a wide range of engaging games that nets you cash. Allowing users to win rewards at a live dealer casino with real money, it simulates the experience in real-time from classic table games like roulette, blackjack, and poker with a professional human live dealer. What’s more, the platform offers a wide selection of slots and specialty games, which opens more possibilities for lucrative partnerships.
The difference between an online casino and a charity poker event is night and day. Of course, there can’t be a fundraising event without the perfect venue. You’ll need to research and find the best place that can cater to a large volume of people.
In this case, you’ll need a big, open space to host poker events. For example, the gymnasium of community centres and schools can be transformed for such activities.
Next, you’ll need to plan the fundraising goal for the tournament. You may want to account for tentative costs, also considering ticket price points and rebuys that can contribute to your fundraising amount.
Always discuss alternative and added revenue streams so you can confidently reach your fundraising goal. For example, a silent auction is another way to a Casino Night party that can spice up the event and rack up some sales, or a fundraising golf tournament is not a bad idea either.
Moreover, you’d want to plan for promotions and marketing. You can’t have a successful event without people knowing you have an amazing line-up coming. The key to this is getting as many eyes interested in your event and turning them into participants by ensuring that they have an enjoyable time.
Why Start a Charity Poker Event
It is known that great philanthropists make great poker players and vice versa. Philanthropists have a deeper sense of risk and entrepreneurship when it comes to failure and fear. Fear is among the greatest drivers of why many poker players fail.
So, if you’re going to start a charity poker event, do not make it solely about the money, but the idea that for a brief moment, you can provide service to those people who can lose the fear of failure and enjoy their time at your tournament. Usually, charity organizations that focus primarily on the pursuit of cash don’t deserve to be working in philanthropy.
If you think of money as fuel to advance your mission and just cause, people engaging in your event will feel it in the atmosphere and vibe. Start a charity poker event to further your organization’s vision and mission. When done successfully, these types of events prove your commitment to the cause your organization has set out to do.
How People Can Enjoy Your Charity Poker Event
In gambling, there’s always one certainty, and that is nothing is left to chance. Regardless of what game you play, the odds of winning your money are always greater than the odds of winning the casino’s money. Casinos are places of business, not charitable organizations.
Casinos never give up money for free, but for gamblers, it’s not about winning. It’s about the thrill of the possibility of winning.
So, if you’re starting your own charity poker event, the best thing you can provide for your attendees is by playing fair games. Since people are usually intuitive, especially professional gamblers, they can spot whether or not your games are rigged.
Make your event enjoyable by being fair as much as possible.