Core Concepts
Entries, supply, odds, refunds and more.
Entry
A single raffle ticket. You pay the entry price per entry. Entries are tied to the wallet that bought them.
Supply
The total number of NFTs available. It is fixed for a round and is independent of how many entries are bought.
Allotment
After the draw, each entry is either allotted (a winner) or unallotted (refunded). Your wallet's result is the count of each.
Odds
If more entries than supply are submitted, only a fraction can win:
odds per entry = min(1, supply ÷ total entries)
expected wins = your entries × odds per entry| Supply | Total entries | Odds per entry | You hold 10 entries → expected wins |
|---|---|---|---|
| 7,500 | 7,500 | 100% | 10.0 |
| 7,500 | 15,000 | 50% | 5.0 |
| 7,500 | 30,000 | 25% | 2.5 |
| 7,500 | 75,000 | 10% | 1.0 |
Try your own numbers in the Odds Calculator.
Oversubscription
If total entries are at or below supply, every entry wins. If above, the raffle is oversubscribed and the draw decides.
Refunds
Each unallotted entry returns its full entry price. Because winners pay the price for the NFT they receive, the refund is just the price of your unallotted entries.
Funds held
Between purchase and settlement, your SOL sits in the raffle program, not in the team's wallet.
Reveal
NFTs may display placeholder art until the project triggers the reveal; metadata then updates in place.