Basically yes. The person has one week to send the gift.
Please keep in mind that it can take a very long time to actually win something. There are people who haven't won anything since joining when the site started. You can reach hundreds of entries and not getting anything. This is very normal.
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This site is just a guy who helps organize stuff (banning false givers, exploited keys etc).
Basically this helps to keep the giving business as clean as possible but it is no different than getting 10 of your friends and trying to get the betting money off of them.
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