[ANN] CrackTheWallet - BTC/LTC/DOGE Progressive Raffles

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: Frscott on May 22, 2014, 06:46:52 AM

Just checked your raffle isn't it bit small to be worth trying?

Yes, it just rolls over what remains from the previous round. It's automated, so I just left it running as is…
Even when it was worth trying, not many decided to actually try - check the rounds archive.

Frscott

member

Activity: 112

Merit: 10

Just checked your raffle isn't it bit small to be worth trying?

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: crystalsum on May 14, 2014, 09:38:59 PM

Hahaha bars ! Good excuse ffrost got scammed stay away from this site folks !

Stop, please. That's not an excuse, that's the rules. Everyone understands except you.
Chances for profit were 6/16. Just no luck.

Again, don't make such statements if you don't have proof.

FFrost

full member

Activity: 224

Merit: 100

Quote from: crystalsum on May 14, 2014, 09:38:59 PM

Hahaha bars ! Good excuse ffrost got scammed stay away from this site folks !

Lottery so I don't feel so bad. Gambling is just that gambling! Cheesy

leancuisine

hero member

Activity: 980

Merit: 1000

www.DonateMedia.org

Quote from: crystalsum on May 14, 2014, 09:38:59 PM

Hahaha bars ! Good excuse ffrost got scammed stay away from this site folks !

I've gambled away 0.18BTC on this, but the pairs you buy are before the red bar that you could see in that image. Unfortunately just like me, no matches. That's why it is called a lottery. Wink

crystalsum

full member

Activity: 182

Merit: 100

Hahaha bars ! Good excuse ffrost got scammed stay away from this site folks !

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: FFrost on May 14, 2014, 02:01:04 PM

Wait I got 4 matches right?

Wrong. Notice the vertical bar. 0.06 ticket buys first 6 pairs. They have no matches. You've got zero.

FFrost

full member

Activity: 224

Merit: 100

Wait I got 4 matches right?

FFrost

full member

Activity: 224

Merit: 100

Well I suppose i feel disappointed with losing all my btc and sort of like, scammed to strong a word maybe I didn't think I would lose maybe win something I guess

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: FFrost on May 14, 2014, 07:27:27 AM

Well spent all day gambling to get that 0.06. Now I'm broke oh well gambling for you I guess Grin

Well, that's gambling…
b36ea9|9ac52acb085a52047da4de39fc2849fbffdb119fbb48189376c0579a31 txid
1bfd4e|ff504ced936ae468ef0f8e499754aef8e9e0ebaedfe27b8d822d68b7df mr
0.37BTC bet on this ticket would have got 4 matches -> 0.6BTC payout, 0.23BTC profit.

This is why there is mini version of the lotto, single pair costs 0.001BTC - ten times less than in regular version.

Quote from: crystalsum on May 14, 2014, 09:10:08 AM

Looks like u got scammed !

Why? Would like to hear comment from the player.

crystalsum

full member

Activity: 182

Merit: 100

Quote from: FFrost on May 14, 2014, 07:27:27 AM

Well spent all day gambling to get that 0.06. Now I'm broke oh well gambling for you I guess Grin

Looks like u got scammed !

FFrost

full member

Activity: 224

Merit: 100

Well spent all day gambling to get that 0.06. Now I'm broke oh well gambling for you I guess Grin

FFrost

full member

Activity: 224

Merit: 100

Managed to find 0.06

1Cd6STDB47zCjW6ALmkbCjuGXZhtV3MzeV

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: leancuisine on May 13, 2014, 04:35:42 PM

Sent 0.06BTC and got a match, too bad it was just a demo play as it was my first deposit and so I did not get the 0.15BTC Tongue

Well, there is nothing magical in 0.06 BTC ticket amount.
In your demo play case:
f556c00e8f217ce95e19c0d6637b23ad998e376b63bd1ee26c576a96209a7d0a - txid
0954833d9c07710d66cd3af54d1d3c867c67bd773c200ee1b5e3daab8db61b64 - Merkle root
Optimal (max profit) amount was 0.54 BTC -> 5 matches, 0.75 BTC payout, 0.21 BTC profit.

For the next ticket maximum ROI was for 0.11 BTC amount -> 3 matches, 0.45 BTC payout, 0.34 BTC profit.

PS: free 0.01 BTC ticket: txid=974b0d8eb737d80397299bc84225d756550e7b10d1425fad8137703113fab6db

leancuisine

hero member

Activity: 980

Merit: 1000

www.DonateMedia.org

Sent 0.06BTC and got a match, too bad it was just a demo play as it was my first deposit and so I did not get the 0.15BTC Tongue

FFrost

full member

Activity: 224

Merit: 100

If I had 0.06 lol just scrapping the barrel I hope I win something Undecided

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: FFrost on May 13, 2014, 12:23:45 PM

I deposited 0.01 in the lottery.

1MEgVzfY2cBHgZsgSfdouvdD327gmhPqGL

And that's your demo play result:
6|9cded9ec42447e5532d5ca616bf285b42b81435f68cc2e2d7bb3f71c5633f99 - txid
2|80cfdc8d796ac410b707b50c40c35a3c904586752e7c64fc26f6790cb939553 - Merkle root

No matches for 0.01 BTC ticket.
Optimal bet would have been 0.06 BTC -> single match, 0.15 BTC payout, 0.09 BTC profit.
Your 0.01 BTC is now in your balance.

BTW, deposit address changes after every game, but it is possible to reuse previous ones.

Here's your 0.01 BTC free ticket: txid=0b6b6d1d63eeeda178ebae1a10e2a43f3b429c1bb95b3c99a790e1614b31951b
Good luck!

FFrost

full member

Activity: 224

Merit: 100

I deposited 0.01 in the lottery.

1MEgVzfY2cBHgZsgSfdouvdD327gmhPqGL

pavlin99th

newbie

Activity: 44

Merit: 0

Quote from: leancuisine on May 12, 2014, 03:20:29 PM

Quote from: pavlin99th on May 12, 2014, 03:34:05 AM

Round updates:

approx. 150 blocks till drawing, which will occur on BTC block #300500 (~1 day left);
5 tickets sold;
0.0717372 BTC prize pool.

https://crackthewallet.org/btc/raffle/
Tickets start at 0.001 BTC

Simple math shows that this is actually a +EV game.
Say there are 6 tickets, single ticket has 1/6 chance to win 1st place (50% of prize pot), 1/6 for 2nd place (20%), 1/6 for 3rd place (10%) and 3/6 for loss.
Even at 100 tickets it is +EV. Because prize pot is progressively increased with each sold ticket.
You can also increase you win chances by buying more nonces.

Don't miss the chance, join the raffle!

It is a +EV game, so how are you, the site owner, make money from these raffles? Seems more like you are giving money away from the large prize pool compared to the ticket entries... Undecided

You are correct, I do not have profit. Just wanted to create this kind of game, as an experiment, for fun. I can afford to spend some BTC on this.
Also thought that +EV would attract rational gamblers. Mistake. Just look at all these ponzis…

leancuisine

hero member

Activity: 980

Merit: 1000

www.DonateMedia.org

Quote from: pavlin99th on May 12, 2014, 03:34:05 AM

Round updates:

approx. 150 blocks till drawing, which will occur on BTC block #300500 (~1 day left);
5 tickets sold;
0.0717372 BTC prize pool.

https://crackthewallet.org/btc/raffle/
Tickets start at 0.001 BTC

Simple math shows that this is actually a +EV game.
Say there are 6 tickets, single ticket has 1/6 chance to win 1st place (50% of prize pot), 1/6 for 2nd place (20%), 1/6 for 3rd place (10%) and 3/6 for loss.
Even at 100 tickets it is +EV. Because prize pot is progressively increased with each sold ticket.
You can also increase you win chances by buying more nonces.

Don't miss the chance, join the raffle!

It is a +EV game, so how are you, the site owner, make money from these raffles? Seems more like you are giving money away from the large prize pool compared to the ticket entries... Undecided

Topic: [ANN] CrackTheWallet - BTC/LTC/DOGE Progressive Raffles (Read 4127 times)