Raffle v. : A kind of lottery, in which several persons pay, in shares, the value of something put up as a stake, and then determine by chance (as by casting dice) which one of them shall become the sole possessor.

Raffle v. : A game of dice in which he who threw three alike won all the stakes.

Raffle v. i. : To engage in a raffle; as, to raffle for a watch.

Raffle v. t. : To dispose of by means of a raffle; -- often followed by off; as, to raffle off a horse.

Example:
What are some good items to Raffle off for a high school Raffle?

Taxonomy
prizes, tickets, raffle, raffle tickets, the raffle, free encyclopedia, winner, purchase a ticket, tombola, raise money, charity, chance to win, left out, container, United States, search, southern Italy, game.

Defination from the web:
raffle involves many people buying tickets for a chance to win a certain prize or prizes. ... As such, at certain events, attendees are able to enter a raffle, for which they purchase a ticket and then retrieve the prize, which is invariably an alcoholic drink. ...