Pages:
Author

Topic: Bit-Syndicate - A Bitcoin Lottery Syndicate [Restarted!!!!!] - page 4. (Read 4580 times)

full member
Activity: 129
Merit: 100
The deposit address will be the same address used to purchase the tickets so hopefully users will be able to keep track of it anyway. My intention was to buy the tickets all at once and take a screenshot of blockexplorer and ring the tickets purchased by the syndicate.
For BitLotto Jr (and the main one) make sure you don't send it all at once. (I think you know that though) Each ticket has to be a separate payment. Oh, and don't wait till the very end in case the payments don't make it in a block in time! (I guess worst case they would just go to the next weeks draw) Something to consider would be making a payment of 0.050001 (or other unique amount) for each ticket. Yes, you are paying a very TINY amount more but when people see the BitLotto Jr site it will be really easy to pick out what ones are the syndicate ones. It would work until someone else decides to pay that amount too for some reason. Or just make them all at once and you can probably tell what ones are yours based off of the time you get your first confirmation. It will be the same time of the transaction in blockexplorer. Anyways, good luck with your project. If you need any help or advice feel free to PM me. 

Thanks for the advice. Yeah I'm in two minds about buying the tickets all at once or buying them when a new syndicate member sends their coins to me. This is a test run so I guess I'll see which will be the best way after this weeks draw.

On a side note:

Because this is the first draw I am purchasing two tickets myself to increase our syndicate members chances of winning!
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
The deposit address will be the same address used to purchase the tickets so hopefully users will be able to keep track of it anyway. My intention was to buy the tickets all at once and take a screenshot of blockexplorer and ring the tickets purchased by the syndicate.
For BitLotto Jr (and the main one) make sure you don't send it all at once. (I think you know that though) Each ticket has to be a separate payment. Oh, and don't wait till the very end in case the payments don't make it in a block in time! (I guess worst case they would just go to the next weeks draw) Something to consider would be making a payment of 0.050001 (or other unique amount) for each ticket. Yes, you are paying a very TINY amount more but when people see the BitLotto Jr site it will be really easy to pick out what ones are the syndicate ones. It would work until someone else decides to pay that amount too for some reason. Or just make them all at once and you can probably tell what ones are yours based off of the time you get your first confirmation. It will be the same time of the transaction in blockexplorer. Anyways, good luck with your project. If you need any help or advice feel free to PM me. 
full member
Activity: 129
Merit: 100
Awesome! Cheesy I love this idea. Pooled gambling.

I just bought three tickets. Hope we win!

Thanks for joining in Smiley
I have just seen the deposit to the address and have updated the website to show that fact.
I shall be purchasing the BitLotto Jr tickets soon.
As I have said on the site, the more we get involved the more chance we have of winning Smiley
sr. member
Activity: 288
Merit: 250
Awesome! Cheesy I love this idea. Pooled gambling.

I just bought three tickets. Hope we win!
full member
Activity: 129
Merit: 100
Good luck! Thanks for picking BitLotto!  I'd suggest using a special wallet only for this purpose. That way people can trace the transactions all the way to BitLotto to verify if their pool has won. Perhaps even listing what tickets are the ones you bought. I haven't read your website yet, but I'll check it out later. I wish your syndicate good luck!

I'm glad you are happy to let me run a syndicate. I was a little worried that you'd disapprove... although in reality it should bring more custom to your games so it's a win win situation I suppose.
Yes the idea of a special wallet is a good one. I'll keep this in mind after the trial run.
The deposit address will be the same address used to purchase the tickets so hopefully users will be able to keep track of it anyway. My intention was to buy the tickets all at once and take a screenshot of blockexplorer and ring the tickets purchased by the syndicate.
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
Good luck! Thanks for picking BitLotto!  I'd suggest using a special wallet only for this purpose. That way people can trace the transactions all the way to BitLotto to verify if their pool has won. Perhaps even listing what tickets are the ones you bought. I haven't read your website yet, but I'll check it out later. I wish your syndicate good luck!
full member
Activity: 129
Merit: 100
Hi, I want to introduce everyone to a new venture of mine. Bit-Syndicate.
Basically this website gives users higher chances of winning in the various Bitcoin Lotteries.

What is Bit-Syndicate?

Simply put this website is a lottery syndicate for the various Bitcoin lotteries (BitLotto, etc).
(http://bitcoinsreview.com/bit-syndicate/)

So what is a Lottery Syndicate?

A lottery syndicate is a group of people who put their money into a pot to buy tickets. The winnings are then shared back to those who contributed.
These are seen in national lotteries all over the world, usually combining groups of friends or business employees.

So the chances of winning are higher?

Yes. Because you are compiling tickets, your chance of winning is higher. Obviously, however, because the winning ticket is shared by a group the prize is divided.

For example, if you enter a lottery with 100 sold tickets you would have 1/100 chance of winning if you bought one ticket yourself. However if you were in a syndicate of say 20 pooled tickets your chances would increase to 20/100 (1/5).

----------------------------------------------

Please visit the site for more information:
http://bitcoinsreview.com/bit-syndicate/

Feel free to ask any questions either on here or by using the contact options on the Bit-Syndicate site.

----------------------------------------------

I'll use this space to update everyone (otherwise go to the website)...

- 06/08/11
- I'm going to start the main BitLotto syndicate next week. I just want to finish the first BitLotto Jr draw first to iron everything out.

- 11/08/11
- We won BitLotto Jr! 2.717 bitcoins Smiley
- Main BitLotto syndicate start delayed... now coming next week.

- 13/08/11
- BitLotto main draw syndicate now open!

- 07/09/11
- Had some time off with BitLotto Jr but now we are back up and running Smiley
Pages:
Jump to: