Please note, this is just an initial idea and I have not thought about this in much detail but would like your opinions please.

I was thinking of perhaps starting up a Bitcoin raffle whereby you buy an entry/entries into the raffle at a specified price (for arguments sake, let's say 100k per entry) each week. At the end of the week I would then put all entries into a random draw and then winner of that draw would then win most of the BTC.

I would keep a small percentage for hosting and organising the raffle (perhaps 5%-10%) and the rest would be won by whoever won the draw. So for example, if 50 entries were bought (50x100k=5 million satoshis) I would keep ~250k-500k (5%-10%) and the winner would receive the remaining 4.5-4.75 million satoshis.

There could of course be different variants of this, so you could have one jackpot winner and other smaller winners or five winners that receive equal amounts etc. but as I said this is just an initial idea.

What are your thoughts on this, do you think it is feasible and more importantly perhaps, would you take part?

Thanks.