The Collaborative International Dictionary of English v.0.48:

Raffle \Raf"fle\ (r[a^]f"f'l), n. [F. rafle; faire rafle to
   sweep stakes, fr. rafler to carry or sweep away, rafler tout
   to sweep stakes; of German origin; cf. G. raffeln to snatch
   up, to rake. See Raff, v.]
   1. 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.
      [1913 Webster]

   2. A game of dice in which he who threw three alike won all
      the stakes. [Obs.] --Cotgrave.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Raffle \Raf"fle\ (r[a^]f"f'l), n. [See Raff, n. & v., and
   Raffle.]
   Refuse; rubbish; raff.
   [Webster 1913 Suppl.]

The Collaborative International Dictionary of English v.0.48:

Raffle \Raf"fle\, v. i. [imp. & p. p. Raffled (r[a^]f"f'ld);
   p. pr. & vb. n. Raffling (r[a^]f"fl[i^]ng).]
   To engage in a raffle; as, to raffle for a watch.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Raffle \Raf"fle\, v. t.
   To dispose of by means of a raffle; -- often followed by off;
   as, to raffle off a horse.
   [1913 Webster]

WordNet (r) 3.0 (2006):

raffle
    n 1: a lottery in which the prizes are goods rather than money
    v 1: dispose of in a lottery; "We raffled off a trip to the
         Bahamas" [syn: raffle, raffle off]