Definitions

1. noun

a temporary and informal betting pool, especially for a sporting event, in which people contribute money or other items and the winner is determined by a random draw or other method

“The office rafe was a fun way to bet on the outcome of the football game.”

2. verb

to take or win something, especially in a game or contest, by chance or skill

“She raffled off a prize in the school fundraiser and gave it to the winner.”

3. verb

to take or win a ticket or number in a lottery or raffle

“He raffled for a chance to win a new car in the charity raffle.”