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).
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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.
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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
- 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