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Definition of raffle : 1. A game of dice in which he who threw three alike won all the stakes.
2. 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.
3. Refuse; rubbish; raff.
4. To dispose of by means of a raffle; - often followed by off; as, to raffle off a horse.
5. To engage in a raffle; as, to raffle for a watch.

Synonyms:

game of chance, lottery, bet, stake, sweeps, pool, gambling, lots, wager, betting, gaming, random shot, toss-up, flier, speculation, wagering, drawing, raffle off, long odds

Usage examples:

• At the suggestion of a number of friends, all of whom wanted him, I put him up at a raffle, selling ten chances at thirty dollars each, which were all quickly taken. - "An Autobiography of Buffalo Bill (Colonel W. F. Cody)", Buffalo Bill (William Frederick Cody).
• Nex' t'ing I commence get excite, me, for I don't see no great Ma- dam yet, Too bad I was los all dat monee, an' too late for de raffle tiquette! - "The Habitant and Other French-Canadian Poems", William Henry Drummond.
• " Oh, then," replied his brother, " we shall have done a good- natured thing by giving Gregson a helping hand out of his difficulties, for it will take a good deal of hunting up to get a hundred names for the raffle." - "Amos Huntingdon", T.P. Wilson.