Well considering it is all copied from other blogs you could run into problems with copyright issues. Unless of course you own the other blogs. Duplicated blogs do not last long. I would consider trying to write original stuff or hire someone to do it. The topic is good but may inspire Google to look deeper and classify you site as MFA because it is all duplicated content. I believe it is start putting original content, you could have a successful blog.
According to your archives you've created this blog on this month alone and you already have 20 posts? The problem is, I've run few plagiarism test over at Google and I found several hits from a certain Adsense site specifically this post 'How To Build An Adsense VRE Empire'. I don't know if you own that site, but copy pasting articles to your site will severely damage your reputation from Google in the long run. Also, I noticed a very small text underneath that post. What's it for?
Still needs major work. Offer original articles and be careful with the grammar and spelling. Perhaps a few graphics won't hurt as well --- considering that you're pitching a "WIN BIG CASH" idea --- the website visitor should feel that there really is a chance for him to win big just by visiting and revisiting your website.
The template you are using is one of the default templates from blogger.com. The blog would look better if you had a more unique template, and you should try to get original content for your blog.