Topic: Can online gambling compete with national lotteries? - page 2. (Read 763 times)

Getting a bigger chance of winning in a government lottery? I don't know about your country's government-sponsored lottery but here in mine, government lotteries have millions of entries per day. That makes your chances of winning very little. But the jackpot prizes are really huge that many think it's worth trying. And each ticket is cheaper, too.

Aside from having low probability of winning, even lower than getting struck by lightning, there's always the suspicion of corruption and fraud. For one, it's being run by the most corrupt institution in the country, the government. Also, because they only announce that the jackpot is won without naming the winner, many doubt its integrity.

Government lotteries may not be profit-oriented but if you think this is a reason for them to be generous in their prizes, you're wrong. Here in my country, although the jackpot prizes are so big, actually only 55% of tickets sales go to the prizes.

No, online gambling will definitely not replace national lotteries. There is a huge difference between them; buying tickets in a lottery is already a tradition and a more conservative game, one might even say family type. I play the German national lottery once a month with my relatives and it’s just like a tradition and another reason to talk and discuss a game plan.And gambling is for more advanced players and there is much more excitement and the risk of losing much more than buying one ticket.

Do you think the government is transparent and fair?

You will never know behind the lottery except you're the worker.

Either the winner announced in offline or digital, there's always a chance it's rigged, as long as they don't want to use cryptography and blockchain, it's never been fair.

One of fair lottery is using Bitcoin's block, each person choose their own number and the winner is depend on the last few digits of the hash.

Yes differences in law are an issue and I think there is more to the fact that many of the crypto casinos don't offer huge lotteries or don't attract a sufficient number of people to make it competitive enough compared to state run lotteries. First of all, I think a casino like Stake.com prefers the players to go to the slot machines or place bets in sports or whatever. I don't necessarily the financial incentive for them although I see potential that they could draw more people from all over the world to their platform if they had huge jackpots to be paid out.

But now you bring up an important point: if you assume that it becomes known someone won $300,000,000 on Stake.com in a lottery, I am damn sure that authorities would look into these cases and whether Stake.com has made sure the participant was accurately subjected to KYC procedures, did not come from a country that is restricted etc. It might make their business more complicated. For now they barely KYC anyone from I have heard unless you are a high stakes player. But running lotteries of a size big enough to compete with state run lotteries could complicate their course of business. 

It is still that all these big casinos somewhat fly under the radar, at least it feels like that. Offering record breaking lottery jackputs would probably significantly increase scrutiny by authorities.

If The participation level of gamblers with freebitcoin Lambo contest didn't actually measure with those of other common games in their platform basically due to how people would prefer taking on with their normal slot games and others than the Lambo lottery despite how transparent it appears to be.
A higher number of lottery lovers will rather participate in government lotteries than private gambling sites or companies and from what I conceive is that they have more faith in them getting a bigger chance of winning with government lottery than private because the government are known to be less profit oriented with their services.

At least to me the greatest problem has to do with the laws of the many different countries in which that lottery was sold, since I suppose the standards set by the governments for each one of their lotteries should be different.

So dealing with all of those standards is going to be too difficult for any casino to implement, which should explain why despite the popularity of bitcoin all over the world, this is something that we have not seen happening yet.

Some online casinos can have huge lotteries if they start offering this service, consider Stake as an example. They have a very large audience base, and if they have a lottery where gamblers can buy tickets and get to win the total pot or other rewards, it will be huge, however, it will barely be able to compete with national lotteries because of the fact that a national lottery runs nationwide, which means that people from all around the country can buy tickets for a national lottery.

In a cryptocurrency casino, no matter how many users it has, there is still a limit to the number of participants which can be a barrier for them to be able to compete with national lotteries because national lotteries will eventually sell more tickets and hence have a higher pot amount for the winner(s).

From where will you buy your tickets when you said there are no crypto lotteries available? The truth is, there are a few of them that I see in the forum before. To the question, if they are provably fair or not, there is a way to check it. It is when they have some long string of text, where you can copy and paste in an empty box which I think also provided by the site. If you like both crypto and lottery, then it is worth it and if more people are like this, it is possible for them to gain traction.

In an offline lottery, we can see the winners but many are still doubting if they are legit or not. In a crypto lottery, there is no need to expose the winners because that will negate its purpose which is decentralization and anonymity.

You're comparing apples with oranges.

You should compare online slots with land based slots, online lotteries with national lotteries.

If we talk about online lotteries with national lotteries, I think online lotteries can't compete with national lotteries since not many people are interested with online lotteries. One of biggest online lotteries that still exist is Golden Ticket Contest to win Lambo by Freebitco.in, but recently there are problem with this site, so it will be harder to find for trusted online lotteries.

By lottery we mean buying a coupon with a certain amount of money and keeping one part of that coupon for myself and another part of that coupon I threw in the rifle draw. But cryptocurrency lottery is a different matter. To win crypto currency lottery one must have knowledge about crypto currency. If I have no prior idea about the new task, I will be more likely to make mistakes in that task. If we have a concept of cryptocurrency relationship, we catch such a lottery. Online casinos are in almost every country so it can be a bit of a decision for the user so if users gamble in online casinos it will definitely be easier than crypto currency lottery.

I think lotteries are much more honest than any casinos. The game process is transparent there, because we see balls with numbers, which the presenter takes out. And this process really happens in real time, unlike calculating the odds in a casino, which takes place using hidden algorithms.

Also, a very important point is that lotteries are unable to cheat with money withdrawal - if someone wins the lottery,
he can always safely count on being paid the prize money quickly and without problems.
The casino cannot boast the same reliability.

I don't think a casino can compete with the national lotteries in terms of winnings. Your casino games are much smaller than the national lottery jackpots. However, there is a very important point here: winnings even in casinos occur much more often than in lotteries, and in sports betting, winnings happen even more often. The likelihood of winning anything even minimally significant in the lottery is small, and the likelihood of winning a jackpot is generally negligible. Of course, there are certain strategies aimed at increasing the chances of winning a jackpot, but all of them are ineffective and are based on large purchases of lottery tickets.
 I would recommend taking up sports betting, where winnings happen much more often.

Same here bro, I really don't get the thrills that behind getting a lottery ticket, i mean the chances that I could be the winner is like 1 out of 1 million and that for a chance is too slim for me, I would say gambling online is better but although the lottery winning are just attractive and it gives people the sense of hope that they could possibly be the next winner.

That may be, but what I have observed is that more and more people are switching from lottery games to online casinos.

Lottery games really pay a lot more, but they are very difficult to win, and after betting several times without winning anything, players really get frustrated and even give up.

On the other hand, online games have the strategy of paying rewards in short betting times, and this keeps the player motivated and always playing.

Furthermore, easy access to online betting platforms and the glamorization of sudden success contribute to the rapid spread of this type of betting.

I believe that the best thing is to try to reconcile both: Continue betting on the national eria when there are bigger events or important bets... and betting on online games too.

I don't like lottery because I feel like it is not really transparent when it comes to who is meant to be the winner. I have been seeing so many people playing lottery for years and what they have won so far might not be compared to how much they have lost in the process. One of the ways lottery has been so attractive to gamblers is because it is very cheap and you can use just few cents to gambler for a chance to earn big amount of money. This is one of the way people get manipulated and they would keep betting without any assurance that they would ever be fortunate to earn big from the lottery.

Well, online crypto casino is an innovative idea to do gambling differently from the traditional way, and despite its existence, there are still so many customers who still prefer the national lotteries and land-based casinos. So many young people are already migrating to online casinos, including myself. Although I cannot speak less of the fun I usually get when I am around my friends at the land base casino, Everyone has different choices and tastes for things they want. According to your question, I would buy a ticket from the Crypto Lottery. 

You have to think of this question as if you're being asked if online gambling can compete with giving out tens of millions in rewards in terms of USD value.
Maybe an online casino has the turnover of a weekly national lottery in a year. This is the thing, lotteries are accessible and generally have the power to be a monopoly as this is afforded to them directly by the government.

It's essentially a legal way for these corporations to make sure profit. They have established a way to get people to know a very traditional way of gambling that has no competition, and in this manner get to handle millions in rewards, but also keep about half of all of their turnover for themselves and their partners.

Online gambling is better in every conceivable quality aside of the fact that it can't be monopolized, so there might be difficulty for an online crypto casino competing with this level of rewards for running a lottery.

I was lottery lover years back but I have stopped playing it, if I have to play it again then I will prefer to buy state lottery than crypto lottery.
The only reason is that because I dont see attractive crypto lottery so far as what I used to buy in local lottery agents.
For the main question, I dont think online crypto lottery will be able to compete with national/state lottery.
If you as in general as whole "online gambling", I think online gambling (not only lottery) is much bigger industry than national/state lottery.

Can online gambling compete with national lotteries? I dont know since there is no national lotteries in my country, but is gambling but i do believe they have different market.

But simply saying online casino cant compete with the national lotteries in my opinion. From the prize Lottery can won million dollar or couple hundred K while online casino is flexible prize

There would be no competition because it would really be serving out different set of people whom we do know that there are ones who do like on betting on online lotteries
and there are ones who do really likes on betting into those traditional state lotteries on which they could really be that physically be able to go into those outlets and could personally buy
those tickets for themselves. Just like on what most people been saying on here that this one would really be just that basing up on someones preference since not all
would really be having that same interest on which or where they would really want to make up such bet. Some do prefer online because of easy access or simply the convenience while
other would really be sticking into those older methods.