Pretty simple game.
0.03 BTC to play sent to this address.
12gKp5T2haNx5C95pxrGH4Cdht3QgAa8Qx
Every third 0.03 that is deposited I will use
https://www.random.org to pick 2 of the 3 players for that set.
Each of those two winning players receive 0.04 BTCOnly rule other then what is above is that if you win you must post here at least one time that you played and won.
That will prove that everything is legit and everyone was payed out.
If this game is played often enough by enough people I will add different levels. Like .05 bets. Or .1 bets.
Along with better payouts. I don't need to take as much rake if I know more and more people are using this.
If this kind of thing is not allowed here I will remove it.
Otherwise, happy playing.
It's not so much that this isn't allowed as much as it demonstrates that you are hoping to lure in people who are poor at math. I have a 2/3 chance of winning 33% my original bet.
If I win 2 out of 3 times, I lose 0.01 BTC.No thanks.
Edit: Oh, I see. You change the payout on the fly. That's much better...
Edit 2: Why are people talking about a "house edge" when the house never pays anything of its own and has no reserves?
I dont change the payout on the fly. I made it more money?
I have not taken anything yet. I am not going to change the payout mid game set.
If I do change it, again not mid set, I will notify everyone.
I dont understand what is wrong with this. You have all of these "ponzi" games out right now. These have worse odds then this game by far. People don't realize the money they win has to come from someone loosing. The only difference with my game is more people are winners.
1) When I say "change payout on the fly," I'm referring to the fact that the payout amount changed during the time I wrote my last post.
2) "I have not taken anything yet" is an interesting statement. Changing the payout to 0.045 for each winner must be a temporary change because I'm assuming you won't run a free gambling 'service' forever.
3) If you do change it, it will be because you finally want a cut. That cut will be automatic as the 'house' has no reserves and never pays from its own wallet.
4) I wouldn't justify a service with bad odds simply because there are other services with worse odds. My guess is you saw that some ponzi operators have profited at the expense of dumb people and you saw your calling.
5) That being said, this isn't a ponzi. When (not "if") you change your payout rate, you *never* lose because you never bet. In short, you are running a service that enables people to bet and will eventually charge them to do so. To make it worth your while, you will likely charge an amount that leaves betters with very unfavorable odds compared to many established "provably-fair" gambling sites.
In short, I think you went from idea to execution in a single day.
