Purse Bingo Fundraisers are fundraisers that involve players bidding on items in a bingo game, with the proceeds benefitting a particular charity or cause. The games are typically held at night, and often offer players the opportunity to win large jackpots.
There are two main types of purse bingo fundraisers: fixed-price auctions and time-based auctions. Fixed-price auctions involve players bidding on specific items, such as admission tickets to a concert or a table at a casino.
Time-based auctions are similar, but involve players bidding on how many minutes they want to spend playing the game. For example, a player might bid on the right to play for an hour, rather than for specific items.
Both types of auction have their own advantages and disadvantages. Fixed-price auctions are often more straightforward and easier to organize, but they can also be more expensive than time-based auctions.
Time-based auctions can be more expensive, but they offer players more flexibility in how much time they want to spend playing the game.
