Crowd Funded Lotteries? | Bitcointalksearch.org

NanoriseDev

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Quote from: carlfebz2 on January 12, 2019, 03:37:42 PM

Quote from: NanoriseDev on January 12, 2019, 11:43:50 AM

Any thoughts?
Thanks.

Just said above there are already some sites that do offer lotteries and basing on your idea it do already exist and some of them do have different categories on filling up the prize pot.

•0.1
•0.01
•0.001 BTC

But they do still end up on having no players at all.Dont know whats the matter but lottery games in all sorts of set up doesn't really work since it doesn't make much attention on gambling community.
If you do plan to make a gambling site then better skip lottery games if you don't like to waste or fail up your money.

Thanks.
What games do you know of that doesn't require participation from the app it self? or should I say doesn't require money from the app. ( Not a casino )

carlfebz2

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Quote from: NanoriseDev on January 12, 2019, 11:43:50 AM

Any thoughts?
Thanks.

Just said above there are already some sites that do offer lotteries and basing on your idea it do already exist and some of them do have different categories on filling up the prize pot.

•0.1
•0.01
•0.001 BTC

But they do still end up on having no players at all.Dont know whats the matter but lottery games in all sorts of set up doesn't really work since it doesn't make much attention on gambling community.
If you do plan to make a gambling site then better skip lottery games if you don't like to waste or fail up your money.

cabalism13

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Quote from: NanoriseDev on January 12, 2019, 11:43:50 AM

-snip-

There are already games which can have some bet but not on the casinos or online casinos, just like on the carnival or lottery pots, if you're just worried on how the users will try your game then you should introduce it in a way that be easily understand.

Every game that is a money-related has the odds maybe winning or losing. Many people out here gambles to have a number of profits but there are still people who plays just for fun.

NanoriseDev

newbie

Activity: 3

Merit: 0

Hey, wanted to open a discussion about this.
Would you bet or play in a website which is not a casino? but only a platform that creates the games for you?

I thought about creating a Crowd Funded Bitcoin lottery platform app, where the app doesn't participate in the lottery,
It just takes a small fee from the total prize.

So for example a pool for 1 BTC. john bets 0.6 and george bets 0.4, so the odds of winning are splitted 60% and 40%
this goes for fixed prize pools, which can take a long time to fill up and so players will not stay.

but what about dynamic ones? how can you make a player bet if he doesn't know his chances of winning?
would you bet if you knew your minimum chance of winning? e.g. the maximum prize is 1 BTC, and you bet 0.1 BTC so your minimum change of winning
is 10%. if the maximum price isn't collected after X time, the draw happens anyway and your chances to win are higher.
When I think about it, people want to play fast, and have results fast, so collecting the funds from the players can take time
until a pool is filled, but maybe it can work with small pools or time limited pools.

Any thoughts?
Thanks.

Topic: Crowd Funded Lotteries? (Read 105 times)