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Help Please! Thoughts on Libraro and Hachette Prize

I just had a look at the info. As you say, seems legit and Hachette is a massive publisher.
It's completely free to enter, so nothing to lose, I suppose.
And yet... The prize seems huge, until you realise that £20,000 of it is marketing budget. £30,000 still pretty neat and might be more than you'd ever make on your novel anyway. And yet... that's it. Committed to publishing with them, but no commitment from them for any royalties or future investment other than the prize money.
I don't know enough about publishing contracts to know if it's a good deal or if it's taking the piss. But I earn more working for the NHS.
The reader prize however, of £10,000, seems pretty good.
 
I just had a look at the info. As you say, seems legit and Hachette is a massive publisher.
It's completely free to enter, so nothing to lose, I suppose.
And yet... The prize seems huge, until you realise that £20,000 of it is marketing budget. £30,000 still pretty neat and might be more than you'd ever make on your novel anyway. And yet... that's it. Committed to publishing with them, but no commitment from them for any royalties or future investment other than the prize money.
I don't know enough about publishing contracts to know if it's a good deal or if it's taking the piss. But I earn more working for the NHS.
The reader prize however, of £10,000, seems pretty good.
Ooh, I hadn’t dissected it quite like that, but it seems worth the punt. Also, whilst I’d like to earn some decent dosh from writing, I’m more interested in getting a publishing deal. Although I’m not willing or to do Faustian deal, one with an okay deal sounds good to me in the very unlikely event Lupercalia might win.

Might you have a punt?
 
Ooh, I hadn’t dissected it quite like that, but it seems worth the punt. Also, whilst I’d like to earn some decent dosh from writing, I’m more interested in getting a publishing deal. Although I’m not willing or to do Faustian deal, one with an okay deal sounds good to me in the very unlikely event Lupercalia might win.

Might you have a punt?
Probably not. Aside from the fact I don't think my novel would be popular enough for this kind of contest, I'm wary of being tied into a non-negotiable contract. It might be an amazing opportunity, but something about it feels off. I could be wrong, but instinctively, it doesn't feel right for me.
 

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