# Win £500 Tax-Free Cash > £500 tax-free cash, paid by bank transfer, and we aim to pay within one working day of the winner being verified. Free postal entry available. Source: https://granddraws.co.uk/competitions/500-cash-opener --- # Win £500 Tax-Free Cash ## About this prize £500 tax-free cash, paid by bank transfer, and we aim to pay within one working day of the winner being verified. Drawn automatically at 9pm on its closing date, sold out or not. Free postal entry available. - £500 paid by bank transfer - Tax-free, the full amount is yours - Drawn on its closing date, sold out or not - Free postal entry route with identical odds ## Key facts **The prize** **£500** in cash **Ticket price** **9p** per ticket, in minimum orders of 25 **Skill question** You must answer the skill question correctly for your entry to count. **Free entry** Every draw can be entered free by post, with the same odds as a paid ticket. [Free entry route](https://granddraws.co.uk/free-entry) **Who can enter** 18+ You must be 18 or over and resident in Great Britain to enter. **The draw** The draw runs automatically at 9pm on the closing date, from 30 October 2026, sold out or not, using a provably-fair method. [How draws work](https://granddraws.co.uk/draws) **Verification** Anyone can check a draw result independently. [Verify a draw](https://granddraws.co.uk/draw-check) **Full terms** The full terms and conditions apply to every entry. [Read the terms](https://granddraws.co.uk/terms) ## How the draw works 1. Answer the skill question correctly to qualify your entry. 2. Your tickets are entered into the draw. 3. When entries close, the full [entry list](https://granddraws.co.uk/competitions/500-cash-opener/entries) publishes for anyone to audit: every ticket number with a first name and county. 4. The winner is drawn on a published date announced at launch automatically, using a verifiable random method, the result is published and anyone can check it. 5. The winner is contacted and published in our [winners archive](https://granddraws.co.uk/winners). Prefer not to pay? Enter free by post, same odds, no purchase. See [free entry route](https://granddraws.co.uk/free-entry). ## The draw ## Competition rules & terms **Entry** 9p per ticket (the full price, including any VAT), minimum order 25 tickets, or [free by post](https://granddraws.co.uk/free-entry) (no purchase necessary, identical odds). 18+, residents of Great Britain only. **Tickets in the draw** 27,000 maximum, limit 1,250 per person. **Closing date** Announced at launch. **Draw** At 9pm on the closing date, announced at launch.The winner is drawn automatically using a verifiable public randomness beacon. [Verify it yourself](https://granddraws.co.uk/draw-check). **Entry list** The complete entry list publishes before the draw, every ticket number with a first name and county. [See this competition's entry list](https://granddraws.co.uk/competitions/500-cash-opener/entries). **Qualifying** Answer the skill question correctly. Winners are contacted and published in the [winners archive](https://granddraws.co.uk/winners). **If it doesn't sell out** It is still drawn at 9pm on its closing date and the full prize is awarded. We never cancel, postpone or reduce a draw because of low ticket sales, and we never extend a closing date to sell more. Winners are selected at random from all qualifying entries, in accordance with the laws of chance, using a verifiable random draw. Our full [terms and conditions](https://granddraws.co.uk/terms) apply to every entry. ## FAQs ### How do the odds on the £500 draw compare? They are among the shortest here. The draw is capped at 27,000 tickets, so it is one of the smaller pools on the board, and your chance is simply your tickets divided by that cap once the figure is published on the page. ### What is the skill question like? A single multiple-choice question that you must answer correctly for your entry to count. This one asks which element has the chemical symbol Fe. A wrong answer disqualifies the entry whether it was paid for or posted. ### How many tickets can I hold in this draw? Up to 1,250 of the 27,000, across paid and postal entries combined. Bundles run to 1,000 tickets, so the most you can pick up in one go is 1,000 paid plus 250 free, which is the 1,250-entry limit exactly. Free entries you have earned in the rewards layer are separate and sit on top of this, up to five per competition. Win £500 Tax-Free Cash Per ticket. Minimum order 25 tickets, £2.25. Paid straight to your bank once the winner is verified. Opening 30 October 2026 Exact draw date announced at launch ## Plan your entry **Cost** £2.25 25 tickets give you 25 chances in the draw of 27,000. Add 225 more tickets and 25 come free. Opens 30 October 2026. Nothing is charged here: this only shows the maths. [Compare any draw in the odds calculator](https://granddraws.co.uk/odds-calculator) 18+ Every draw can be entered free by post with the same odds. [Free entry route](https://granddraws.co.uk/free-entry) This competition opens 30 October 2026. Create a free account now and you'll get: - Spin for a welcome gift of up to 20 wheel spins - First pick of tickets when competitions open - Launch-day alerts so you do not miss the opening draws Already registered? [Sign in](https://granddraws.co.uk/account?signin) You are set for launch day. This draw opens 30 October 2026. - Your early access is secured - Keep your daily streak going while you wait - Invite a friend, you are both rewarded when they join [Invite a friend](https://granddraws.co.uk/account#invite) from your account When it opens you'll answer a skill question to qualify. The draw is [independently verifiable](https://granddraws.co.uk/draw-check), you'll be able to check the result yourself. 18+ Skill-based entry · Great Britain · No purchase necessary Every draw has a free postal entry route with the same odds as paid tickets. [Free entry route](https://granddraws.co.uk/free-entry) ## More draws - [£500 Tax-Free CashOpen nowFree to enter Closes Fri 30 Oct, 20:00 **--***d* **--***h* **--***m* **--***s*](https://granddraws.co.uk/launch-draw) - [£250 Tax-Free CashOpening soon25 for £2.25 Opens Fri 30 Oct, 00:00 **--***d* **--***h* **--***m* **--***s*](https://granddraws.co.uk/competitions/250-cash-daily) - [£10,000 Tax-Free CashOpening soon25 for £5.75](https://granddraws.co.uk/competitions/10k-cash-draw) ## More draws to enter Same draw, same odds, no purchase necessary. Same draw, same odds, no purchase necessary. Same draw, same odds, no purchase necessary. Same draw, same odds, no purchase necessary. Same draw, same odds, no purchase necessary.