I don't get it. I win the race, I get $100, and I have to forfeit my bike? So the winner becomes a loser, right?
On the other side, you're raffling off a dumpster special for $5 a ticket? At the races here, they raffle off Madones for $1 a ticket.
Still a winner -- you are on a $50 bike. My wife says the raffle ticket proceeds should be 50% to some kind of charity to make them sell.