BitLoto.org - daily crypto lottery - page 2.

bitgame1

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Activity: 42

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Quote from: Kavelj22 on March 20, 2024, 04:15:45 PM

Quote from: Wapfika on March 12, 2024, 06:21:49 AM

Also 5$ per ticket is too high for a lottery ticket. I’m not certain about how lottery ticket cost in different country but my country traditional lottery just cost 1$ per ticket while the prize is much higher than what you offered. I’m not sure how you draw the winner and how much number is in the draw to determine the winning chance rate.

Your opinion confirms the validity of my idea regarding the ticket price, because it seemed to me very high compared to lotto tickets in my country, which are less than one dollar. I first thought that the price of $5 might be normal in other countries, but you assured me that my conclusion was correct. Add to that the lack of clarity in the lotto system in place, and I do not expect the casino to enjoy a large turnout.
I can't find an explanation for this high ticket price other than that they are seeking to achieve the greatest amount of profit, even with a small number of users. Or they want to be treasury. Or the possibility that they want the treasurery to have a significant amount, even with a smaller number of users, in case someone wins.

we have assumed that the lottery is a daily, and for a larger jackpot amount and overall prize pool, should set the cost slightly above the average cost.
But I must admit that you are right. in the near future, along with the changes in the algorithm, we will reduce the ticket price as well. now we are thinking whether to set it to 3$, 2$ or 1$.
Our profit comes from the total amount of tickets sold, so the cost per ticket does not affect our profit. We are thinking about how to make the lottery attractive for the users

Kavelj22

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🔃EN>>AR Translator🔃

Quote from: Wapfika on March 12, 2024, 06:21:49 AM

Also 5$ per ticket is too high for a lottery ticket. I’m not certain about how lottery ticket cost in different country but my country traditional lottery just cost 1$ per ticket while the prize is much higher than what you offered. I’m not sure how you draw the winner and how much number is in the draw to determine the winning chance rate.

Your opinion confirms the validity of my idea regarding the ticket price, because it seemed to me very high compared to lotto tickets in my country, which are less than one dollar. I first thought that the price of $5 might be normal in other countries, but you assured me that my conclusion was correct. Add to that the lack of clarity in the lotto system in place, and I do not expect the casino to enjoy a large turnout.
I can't find an explanation for this high ticket price other than that they are seeking to achieve the greatest amount of profit, even with a small number of users. Or they want to be treasury. Or the possibility that they want the treasurery to have a significant amount, even with a smaller number of users, in case someone wins.

bitgame1

jr. member

Activity: 42

Merit: 2

we have done some work on the appearance of our website http://bitloto.org

bitgame1

jr. member

Activity: 42

Merit: 2

Quote from: bcfr on March 18, 2024, 07:45:01 AM

To make it really bulletproof would require quite lot of additional work on your side and maybe it's not even necessary (possibly you'll find enough users accepting the current state).
I was just expressing my personal opinion, wait for other people insights.

heres couple hints to consider:
every tiket has to have a blockchain record (transaction), no promo codes (or use them but claimed promocode has to create a blockchain record)
a public rule how the winning tickets are selected (this has to be public so anybody can use it to check any previous draws retrospectively)
use hash functions as a means of proving that you didn't rig the draw

Get inspired by how other casinos do this.

We'll gradually come to that
As for the promo codes, each promo code is secured with money from our side, added to the total prize pool.
I'm very glad for your attention, taking into account the opinion of the community we can make our project better.
Some things we can implement in a short time and some things will take time.
Thank you for your feedback

bcfr

jr. member

Activity: 42

Merit: 14

To make it really bulletproof would require quite lot of additional work on your side and maybe it's not even necessary (possibly you'll find enough users accepting the current state).
I was just expressing my personal opinion, wait for other people insights.

heres couple hints to consider:
every tiket has to have a blockchain record (transaction), no promo codes (or use them but claimed promocode has to create a blockchain record)
a public rule how the winning tickets are selected (this has to be public so anybody can use it to check any previous draws retrospectively)
use hash functions as a means of proving that you didn't rig the draw

Get inspired by how other casinos do this.

EDIT:
That promo code part (the requirement to create blockchain record) is essential for transparency which is essential for provably fair system.
I guess here starts the real "know-how" you should either learn yourself or purchase.

I'm not gonna bother you anymore, wish you goodluck with this project

bitgame1

jr. member

Activity: 42

Merit: 2

Quote from: bcfr on March 18, 2024, 04:16:44 AM

Quote from: bitgame1 on March 18, 2024, 03:47:42 AM

Quote from: bcfr on March 18, 2024, 02:26:16 AM

I'm not sure if I understand this correctly but I'm almost certain it won't be enough as the result would not be replicable (verifiable) by other users.

you will be able to access the site in real time, 10 minutes before the results are announced, from two different gadgets, and see how you move the list. this will be visible to every visitor.
The basic principle of this logic is that everyone can influence, but no one can control.

So the final stage of daily draw results in users keep visiting (reloading) the page trying to move in the list to winning position ... like some sort of reload brawl?
It's definitely interesting approach. I guess it contains some level of randomness and couple users might find it sufficient. But still it can be rigged by you (I say it again it's not replicable ) which makes it no go for me.
Let's just give it a try.

BTW can say I appreciate you are trying to improve as well... good approach, go on.

1. 1 IP - I visit.
2. How can I tweak this? If you can go to the site at any time and shift? Can you visit site from another gadget at any time and check that there has been a +1 shift?
Sure, one of the users can use VPN, but any other site visitor will shift his whole strategy and he has to start from the beginning, which minimizes the possibility of tweaking.
I think this is a better guarantee of fair play than pulling the right number ball out of the drum

bcfr

jr. member

Activity: 42

Merit: 14

Quote from: bitgame1 on March 18, 2024, 03:47:42 AM

Quote from: bcfr on March 18, 2024, 02:26:16 AM

I'm not sure if I understand this correctly but I'm almost certain it won't be enough as the result would not be replicable (verifiable) by other users.

you will be able to access the site in real time, 10 minutes before the results are announced, from two different gadgets, and see how you move the list. this will be visible to every visitor.
The basic principle of this logic is that everyone can influence, but no one can control.

So the final stage of daily draw results in users keep visiting (reloading) the page trying to move in the list to winning position ... like some sort of reload brawl?
It's definitely interesting approach. I guess it contains some level of randomness and couple users might find it sufficient. But still it can be rigged by you (I say it again it's not replicable ) which makes it no go for me.
Let's just give it a try.

BTW can say I appreciate you are trying to improve as well... good approach, go on.

bitgame1

jr. member

Activity: 42

Merit: 2

Quote from: bcfr on March 18, 2024, 02:26:16 AM

I'm not sure if I understand this correctly but I'm almost certain it won't be enough as the result would not be replicable (verifiable) by other users.

[/quote]

you will be able to access the site in real time, 10 minutes before the results are announced, from two different gadgets, and see how you move the list. this will be visible to every visitor.
The basic principle of this logic is that everyone can influence, but no one can control.

kotajikikox

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Activity: 2548

Merit: 217

Quote from: bitgame1 on March 17, 2024, 11:56:08 AM

we have started the realization of this initiative, and soon restructure the logic of the drawing, and rondomizer will only randomly rank the lists of tickets, and each unique visitor to the site will move the list where the list of winners begins.

Better do mate and really like how you handling this thread very different from other lotto site that at most when being questioned they will abandoned the thread and not pursuing their business here in our members.

Welcome here in Bitcointalk , I love Lotto but will wait for others to confirm their experience because it is important for me to know their experiences .

bcfr

jr. member

Activity: 42

Merit: 14

You need to understand what provably fair means. As you are dealing with others people money ... this is a must.
Plain claims about sincerity are not applicable in crypto world.

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

... The winners are determined randomly by an algorithm set in the system. we do not choose the winners...

But you choose the algorithm (two sides of the same coin)

Quote from: bitgame1 on March 17, 2024, 04:50:05 AM

... Our lottery claims to have a 10% commission, and it is much more profitable for us to earn 10% in the long term than 100% for a few days. ...

But it would be even more beneficial to always have one of your members win the jackpot and leave the dust to the real players as a form of advertisement.

Quote from: bitgame1 on March 17, 2024, 11:56:08 AM

we have started the realization of this initiative, and soon restructure the logic of the drawing, and rondomizer will only randomly rank the lists of tickets, and each unique visitor to the site will move the list where the list of winners begins.

I'm not sure if I understand this correctly but I'm almost certain it won't be enough as the result would not be replicable (verifiable) by other users.

In general you need to prove that within your system you are not be able to manipulate results in your favor (or your favorite player).
Ideally in the way which can be verified by anyone and anytime.

I could go on with couple more (unfortunately bad) insights but as the basic requirement of fairness is not met I think it's piontless now.

To be fair I appreciate the web3 implementation. That's a step in right direction.

khaled0111

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Merit: 3045

Top Crypto Casino

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.

Thank you for taking the time to reply but, to be honest, this is not the answer I was expecting.
Users need guarantees that your system generates truly random number and they want to be able to verify it by themselves. Unfortunately, your word is not enough.
You can implement any of the provably fair algorithms or use a known and trusted random number service such as random.org

bitgame1

jr. member

Activity: 42

Merit: 2

we have started the realization of this initiative, and soon restructure the logic of the drawing, and rondomizer will only randomly rank the lists of tickets, and each unique visitor to the site will move the list where the list of winners begins.

bitgame1

jr. member

Activity: 42

Merit: 2

Quote from: virasog on March 17, 2024, 01:43:30 AM

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

Quote from: khaled0111 on March 16, 2024, 05:25:03 PM

Some users asked about how the winning tickets are drawn but you didn't answer it. You just explained how the prize pool is distributed among the winners. It's interesting to know how you pick the winners and how fair the lottery is.
I also noticed that multi-accounting is forbidden according to your T&C and I don't understand why! If a user can buy as many tickets as he wants, why can't he do it using multiple accounts?

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.
As for multi-account, we will definitely implement it in one of our updates.

Well, you want us to believe your words that there was an algorithm in place and the whole lottery system was not rigged Huh

There should be a way to verify that how you selected the winner randomly else it will hard to believe that any real person got the reward.
I hope you know how the probably fair system works and it is verifiable too.

If people do not get these answers from your side, then the audience from bitcointalk may not participate in further lotteries at your site. For the reputation of your site, you need to be more transparent and honest too.

Our lottery claims to have a 10% commission, and it is much more profitable for us to earn 10% in the long term than 100% for a few days. Thank you for your feedback.
We will soon implement some guarantees that will convince you of our sincerity. it's about shifting the results by the number of visitors.
Would you as a user, if you were playing, perceive such a shift as a guarantee of fair play? If you could see how the shift number changes when you visit the site

bitgame1

jr. member

Activity: 42

Merit: 2

Quote from: 3kpk3 on March 17, 2024, 02:37:17 AM

Checked your site out and I felt it was alright though the language issues and no proper provably fair system are turn-offs. You guys really need to step up your game since there are far better alternatives out there.

For example, Metawin recently started advertising their services in this forum and their lotteries are far more addictive and reliable in comparison.

Thanks for the feedback, we launched less than a week ago and will take every member's opinion into account to get better in the long run. what language issues did you see?

3kpk3

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Checked your site out and I felt it was alright though the language issues and no proper provably fair system are turn-offs. You guys really need to step up your game since there are far better alternatives out there.

For example, Metawin recently started advertising their services in this forum and their lotteries are far more addictive and reliable in comparison.

virasog

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Leading Crypto Sports Betting & Casino Platform

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

Quote from: khaled0111 on March 16, 2024, 05:25:03 PM

Some users asked about how the winning tickets are drawn but you didn't answer it. You just explained how the prize pool is distributed among the winners. It's interesting to know how you pick the winners and how fair the lottery is.
I also noticed that multi-accounting is forbidden according to your T&C and I don't understand why! If a user can buy as many tickets as he wants, why can't he do it using multiple accounts?

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.
As for multi-account, we will definitely implement it in one of our updates.

Well, you want us to believe your words that there was an algorithm in place and the whole lottery system was not rigged Huh

There should be a way to verify that how you selected the winner randomly else it will hard to believe that any real person got the reward.
I hope you know how the probably fair system works and it is verifiable too.

If people do not get these answers from your side, then the audience from bitcointalk may not participate in further lotteries at your site. For the reputation of your site, you need to be more transparent and honest too.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

Quote from: khaled0111 on March 16, 2024, 05:25:03 PM

Some users asked about how the winning tickets are drawn but you didn't answer it. You just explained how the prize pool is distributed among the winners. It's interesting to know how you pick the winners and how fair the lottery is.
I also noticed that multi-accounting is forbidden according to your T&C and I don't understand why! If a user can buy as many tickets as he wants, why can't he do it using multiple accounts?

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.
As for multi-account, we will definitely implement it in one of our updates.

The main question is, is your system verifiable so there will be no chance for you to pick winners as you like? Lottery should be fair and the result should be verifiable, otherwise there is always a chance for you to do whatever you want on the draw. Do you know about provably fair system that is mostly used by crypto casinos on their original games? You should use something similar like that if you want to make your lottery fair. Using your own system, although you say it random but if your players cant verify the result then it cant be said as fair lottery.

blckhawk

sr. member

Activity: 1554

Merit: 334

Is this like legal in your country or just in general? Because I believe that lottery is a highly guarded and it's not easily done by private groups because the government sees it as a means to make their own money with little to no investment, there's this one time that a famous influencer in my country was doing this and they got raided on their live lottery by the authorities as it's illegal. That's where my question is coming from, from the fact that you might get into legal trouble with this one although I think you've probably got it covered. Maybe you also should consider adding your own money into the prize pool so you're going to make it even more attractive to other players since there's more prize money to get.

bitgame1

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Activity: 42

Merit: 2

Quote from: AmoreJaz on March 16, 2024, 06:15:39 PM

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

Quote from: khaled0111 on March 16, 2024, 05:25:03 PM

Some users asked about how the winning tickets are drawn but you didn't answer it. You just explained how the prize pool is distributed among the winners. It's interesting to know how you pick the winners and how fair the lottery is.
I also noticed that multi-accounting is forbidden according to your T&C and I don't understand why! If a user can buy as many tickets as he wants, why can't he do it using multiple accounts?

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.
As for multi-account, we will definitely implement it in one of our updates.

People definitely want to know how your provable fairness is working on your lottery system. Because you are collecting money from lottery bettors. I guess, for multi-account, in this kind of set-up, it should be allowed as you are just buying tickets here. The more you buy, the better your chance in winning.

Also, it mentioned in their terms, that their terms and conditions are governed by the laws of Guatemala. Does it mean that you are applying for gambling license on this country?

Yes, you are right, the more tickets you buy, the better your odds, and those odds as a percentage are displayed on the top bar above the timer, and change in real time when you, or another person, buys a ticket, by the simple logic of (your tickets/total tickets)*100.
https://www.talkimg.com/image/Jty79

If I've answered wrong, please rephrase the question.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: bitgame1 on March 16, 2024, 06:01:12 PM

Quote from: khaled0111 on March 16, 2024, 05:25:03 PM

Some users asked about how the winning tickets are drawn but you didn't answer it. You just explained how the prize pool is distributed among the winners. It's interesting to know how you pick the winners and how fair the lottery is.
I also noticed that multi-accounting is forbidden according to your T&C and I don't understand why! If a user can buy as many tickets as he wants, why can't he do it using multiple accounts?

The winners are determined randomly by an algorithm set in the system. we do not choose the winners.
As for multi-account, we will definitely implement it in one of our updates.

People definitely want to know how your provable fairness is working on your lottery system. Because you are collecting money from lottery bettors. I guess, for multi-account, in this kind of set-up, it should be allowed as you are just buying tickets here. The more you buy, the better your chance in winning.

Also, it mentioned in their terms, that their terms and conditions are governed by the laws of Guatemala. Does it mean that you are applying for gambling license on this country?

Topic: BitLoto.org - daily crypto lottery - page 2. (Read 1140 times)