Discussion
tim0409 said:
southerndriver said:
For a while I watched videos by Ratarossa – an ordinary bloke in an ordinary house only a few miles from me – who fixes up old Ferraris. It was entertaining up to a point but the pace was dreadfully slow with the videos becoming too long and boring to watch.
I used to subscribe but like you say his videos are quite slow and laborious. The final straw was an episode that was obviously sponsored by Temu (or some other site filled with Chinese rubbish); I appreciate that people have to monetise their content but not by eulogising dodgy Chinese electrical goods.Having watched Matt's draw last night, I can understand why some think he's sold 60K tickets.
They make 60K tickets available and a ticket number is generated randomly up to 60,000.
When they do the draw, a random number is generated again, often picking a number which hasn't sold so they then keep picking until one which has sold comes up.
Gambling like this does nothing for me nor did the car but it's been great to see how he's maximising his publicity and earning a good living whilst having fun.
They make 60K tickets available and a ticket number is generated randomly up to 60,000.
When they do the draw, a random number is generated again, often picking a number which hasn't sold so they then keep picking until one which has sold comes up.
Gambling like this does nothing for me nor did the car but it's been great to see how he's maximising his publicity and earning a good living whilst having fun.
Yeah I watched it too and having seen them scroll through the list I'd say he sold somewhere between 40-50k. Still not to be sniffed at but there was £6k cash on top of the car given away and then you've got all the costs for transactions and web hosting etc... He'll still make more than the car was worth but I'm not convinced that's the main reason for him doing it....
I find it fascinating how he seems to have made such a success through multiple streams which support each other.
Individually, they are not insignificant but together, they add up to be quite impressive.
His YouTube gained him followers which means he has success selling merchandise. The same thing promotes the raffles and attracts big name support and sponsorship. Keeping in mind he originally was trying to showcase his BMX capabilities.
His following means he can release a crap video about going to Dubai and people will still be hungry for the next one.
He can sink money into projects which in themselves can lose money.
Contrast his content to say Harry's Garage which is probably the most interesting petrol head content anywhere currently yet Matt is probably making more money than HM out of his YT related activities.
Individually, they are not insignificant but together, they add up to be quite impressive.
His YouTube gained him followers which means he has success selling merchandise. The same thing promotes the raffles and attracts big name support and sponsorship. Keeping in mind he originally was trying to showcase his BMX capabilities.
His following means he can release a crap video about going to Dubai and people will still be hungry for the next one.
He can sink money into projects which in themselves can lose money.
Contrast his content to say Harry's Garage which is probably the most interesting petrol head content anywhere currently yet Matt is probably making more money than HM out of his YT related activities.
tim0409 said:
southerndriver said:
For a while I watched videos by Ratarossa – an ordinary bloke in an ordinary house only a few miles from me – who fixes up old Ferraris. It was entertaining up to a point but the pace was dreadfully slow with the videos becoming too long and boring to watch.
I used to subscribe but like you say his videos are quite slow and laborious. The final straw was an episode that was obviously sponsored by Temu (or some other site filled with Chinese rubbish); I appreciate that people have to monetise their content but not by eulogising dodgy Chinese electrical goods.Pistom said:
Contrast his content to say Harry's Garage which is probably the most interesting petrol head content anywhere currently yet Matt is probably making more money than HM out of his YT related activities.
More interesting to you and I, agreed, but suspect we are a slightly different demographic from Mat's target audience, and it's probably Mat's who are more likely to be on YouTube all the time.MrBen.911 said:
Pistom said:
Contrast his content to say Harry's Garage which is probably the most interesting petrol head content anywhere currently yet Matt is probably making more money than HM out of his YT related activities.
More interesting to you and I, agreed, but suspect we are a slightly different demographic from Mat's target audience, and it's probably Mat's who are more likely to be on YouTube all the time.Pistom said:
Having watched Matt's draw last night, I can understand why some think he's sold 60K tickets.
They make 60K tickets available and a ticket number is generated randomly up to 60,000.
When they do the draw, a random number is generated again, often picking a number which hasn't sold so they then keep picking until one which has sold comes up.
Gambling like this does nothing for me nor did the car but it's been great to see how he's maximising his publicity and earning a good living whilst having fun.
Presumably he has a gambling licence in order to sell tickets before the "event" and sales in excess of £25k?They make 60K tickets available and a ticket number is generated randomly up to 60,000.
When they do the draw, a random number is generated again, often picking a number which hasn't sold so they then keep picking until one which has sold comes up.
Gambling like this does nothing for me nor did the car but it's been great to see how he's maximising his publicity and earning a good living whilst having fun.
TEKNOPUG said:
Presumably he has a gambling licence in order to sell tickets before the "event" and sales in excess of £25k?
That's an interesting point. Most of what he does and by this the quality of his website, his approach to drawing the numbers etc, has a very amateur feel to it so I wouldn't be surprised if he gets caught out by something like that.Having said that, he seems to have a few hangers on who seem to know what their doing who will hopefully keep him within legality.
I recognise his success but still remain uncomfortable about some things he's doing such as promoting gambling to those who are likely to get sucked in.
bobbo89 said:
Yeah I watched it too and having seen them scroll through the list I'd say he sold somewhere between 40-50k. Still not to be sniffed at but there was £6k cash on top of the car given away and then you've got all the costs for transactions and web hosting etc... He'll still make more than the car was worth but I'm not convinced that's the main reason for him doing it....
You can see the line numbers on the spreadsheet and can see line 39,430 against number 55,076 so that’s a minimum of 39430 entrants at £10 each so minimum £394,300 value of tickets sold against total prize value of, what, £35k?His missus owns the giveaway company btw.
foxsasha said:
You can see the line numbers on the spreadsheet and can see line 39,430 against number 55,076 so that’s a minimum of 39430 entrants at £10 each so minimum £394,300 value of tickets sold against total prize value of, what, £35k?
His missus owns the giveaway company btw.
Lol, yeah I've sHis missus owns the giveaway company btw.
t out with my maths there haven't I 
CheesecakeRunner said:
He doesn’t need a license. The raffles are run by ‘High Speed Competitions’ and because they offer a free entry route by post, and require the answering of a question to enter would appear to fall under the ‘free draw and prize competition definitions’…
https://www.highspeedcomps.com/legal/competition-t...
https://www.gamblingcommission.gov.uk/public-and-p...
As an aside, it’s quite interesting reading the Companies House entries for the various companies he’s involved with. It’s quite a web of companies via his girlfriend (wife?) and Barry Burrell of Mallory Performance.
So you can enter online once for £10, or for the same price, you can enter 13 times (second class stamps) via postage? And if you enter via the post, ‘High Speed Competitions’ receives £0.00 money. https://www.highspeedcomps.com/legal/competition-t...
https://www.gamblingcommission.gov.uk/public-and-p...
As an aside, it’s quite interesting reading the Companies House entries for the various companies he’s involved with. It’s quite a web of companies via his girlfriend (wife?) and Barry Burrell of Mallory Performance.
Crudeoink said:
I thought it a bit disingenuous to not declare the number of entries sold for the car. An entrant would have no idea if their £10 offered them a 1/500 chance or a 1/50,000 chance. Also the other prizes were an eye opener, gamble to win £250 worth of scratch cards, gamble to gamble 
Yes, it is - all the other reputable companies in this space (Revcomps, Dreamcargiveaways, Aspire etc.) all publish entry lists. Comments in the YouTube video suggest there was an error in the draw and he read out the wrong number and didn't notice either...
There was an error in the draw for the £2000 prize, I'm sure if someone had that ticket they'll go back and give them £2k. No way they'd risk their reputation for "two bags".
Whilst there is a free entry postal option, it isn't a viable means to enter when there is only 24 hours from announcement to draw, the Commission don't like that sort of thing, they'll possibly get a slap on the wrist. Making the ticket price closer to the cost of a postal entry removes that issue for competition organisers.
They've done these draws before so people know what it's about, there's no requirement to enter.
I like the channel and content, great work ethic.
Whilst there is a free entry postal option, it isn't a viable means to enter when there is only 24 hours from announcement to draw, the Commission don't like that sort of thing, they'll possibly get a slap on the wrist. Making the ticket price closer to the cost of a postal entry removes that issue for competition organisers.
They've done these draws before so people know what it's about, there's no requirement to enter.
I like the channel and content, great work ethic.
TEKNOPUG said:
So you can enter online once for £10, or for the same price, you can enter 13 times (second class stamps) via postage? And if you enter via the post, ‘High Speed Competitions’ receives £0.00 money.
It is only there as said above to cover themselves as you can’t enter by post in the time frame given for the competition.24 hours wasn’t it for the car?
A very clever person who is working hard and getting rewards, hats off to him and I enjoy watching the videos but these things don’t go on forever, so make the most of it while you can I guess.
I might buy a ticket if the McLaren ever gets raffled off though.
Crudeoink said:
I thought it a bit disingenuous to not declare the number of entries sold for the car. An entrant would have no idea if their £10 offered them a 1/500 chance or a 1/50,000 chance.
He didn't limit the number of tickets being sold, he limited the time for them to be sold in (24 hours)Consequently, he could have sold 100 tickets, giving you a 1 in 100 chance or 100,000 tickets giving you a 1 in 100,000 chance - there's no way to know until the draw closes, which is after you make your ticket purchase.
This was all declared up front in the video promoting the giveaway.
Promised Land said:
TEKNOPUG said:
So you can enter online once for £10, or for the same price, you can enter 13 times (second class stamps) via postage? And if you enter via the post, ‘High Speed Competitions’ receives £0.00 money.
It is only there as said above to cover themselves as you can’t enter by post in the time frame given for the competition.24 hours wasn’t it for the car?
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