Crypto raffle game idea | feedback required - page 3.

Mauser

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Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc

I like your idea of donating some of the money to a charity. We are living in very difficult times right now and if we have spare money for gambling it should be okay to give some of that money away. Taking 10% out of the winnings shouldn't be a big deal, we will happy enough to actually win and make a profit no matter what. Also 10% can lead to a decent amount when the raffle becomes big with many participants. What I don't like is that you want to use 30% for operating costs and advertising. That seems way too much in my opinion. Are there really so many costs involved in running a small raffle? I would rather have less advertising and pay more money back to the gamblers. There are already a lot of raffles out there and the best way to distinguish from the would be to have the lowest house edge or the best winning chances. Maybe start smaller to first get some customers and once there is enough demand you could still increase the whole operation.

stomachgrowls

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Quote from: AmoreJaz on November 17, 2022, 06:32:28 PM

Quote from: stomachgrowls on November 17, 2022, 03:25:12 PM

Quote from: yahoo62278 on November 06, 2022, 01:13:42 AM

30% off the top to pay for costs is a bit nuts IMO. Most gambling sites have games that are 1-5% house edge and that's their compensation for server costs advertising and whatever else may be needed. I think you need to come up with some capital before trying to take 30% from the pot. I also feel like lots have tried lotteries and raffle type ideas and have failed. Research the idea and see if its even worth the time.

Lots had tried but not ending up on getting 30% deduction for server cost,maintenance and other related to this which it is really just too much. You would really be getting 60% on overall total amount which i dont see

for people to get interested on this one.Yes, its true that there are lots who had tested out or tried about these lotteries and trying to be transparent as much as possible but still ending up on
failing.Why? It isnt really getting that much attention because people are really into gambling is way too impatient on waiting for each roll or draw to be make.
People does really have that interest on playing games which does give out instant results or outcome and not this lottery is included.

the sustainability is the usual dilemma on this project. it may attract players in the beginning but how do you sustain the interest of players? so for me, better abandon this idea. because it is not the first attempt to have someone get involve on this concept. the longevity is always in question here.

I have seen that there are some who do really give out some free tickets for someone to make out bets on their lottery but still ends up on a failure because it didnt really get that much attention.

This is the primary problem on which this type of game/lottery would be launched out.Its true that you might able to get some users on first week but sustaining it or making them stay would

be the toughest challenge.Just like others been saying that interest is less because the outcome or result time duration is too long to wait.
Not like when you are playing dice or roulette which results are instant.

iv4n

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Quote from: adzino on November 17, 2022, 07:31:30 PM

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

...

First of all, a very tedios way to hold a crypto raffle. Going to be hard to do so if you are going to do daily raffel draws. Secondly why would anyone want to play your crypto raffle game if there are already lot of casinos that offers raffle were you can buy tickets for even cheaper price. CryptoGames offer lotto were players receive 100% of their winnings. So 60% is far less what people will be receiving vs what they will be risking.

That's what I thought at first too, now almost every casino has some kind of raffle, and if not regular/daily there are some promotional ones from time to time. And what can OP offer more interesting? It's certainly not the house edge he suggests, it is abnormally high. He probably didn't even think a little deeper about this idea, it's not that easy to make a good online casino that will attract players, especially since it's not possible to do it without initial capital.
As some others have mentioned, this is not the first time we see a similar idea. I don't remember that one of them lasted a little longer.

adzino

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Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

Hi i am thinking in developing a crypto raffle game

To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1

We can donate 10% of all tickets sales to a crypto foundation of our players selection

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc

Let me know what you think

First of all, a very tedios way to hold a crypto raffle. Going to be hard to do so if you are going to do daily raffel draws. Secondly why would anyone want to play your crypto raffle game if there are already lot of casinos that offers raffle were you can buy tickets for even cheaper price. CryptoGames offer lotto were players receive 100% of their winnings. So 60% is far less what people will be receiving vs what they will be risking.

AmoreJaz

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Quote from: stomachgrowls on November 17, 2022, 03:25:12 PM

Quote from: yahoo62278 on November 06, 2022, 01:13:42 AM

30% off the top to pay for costs is a bit nuts IMO. Most gambling sites have games that are 1-5% house edge and that's their compensation for server costs advertising and whatever else may be needed. I think you need to come up with some capital before trying to take 30% from the pot. I also feel like lots have tried lotteries and raffle type ideas and have failed. Research the idea and see if its even worth the time.

Lots had tried but not ending up on getting 30% deduction for server cost,maintenance and other related to this which it is really just too much. You would really be getting 60% on overall total amount which i dont see

for people to get interested on this one.Yes, its true that there are lots who had tested out or tried about these lotteries and trying to be transparent as much as possible but still ending up on
failing.Why? It isnt really getting that much attention because people are really into gambling is way too impatient on waiting for each roll or draw to be make.
People does really have that interest on playing games which does give out instant results or outcome and not this lottery is included.

the sustainability is the usual dilemma on this project. it may attract players in the beginning but how do you sustain the interest of players? so for me, better abandon this idea. because it is not the first attempt to have someone get involve on this concept. the longevity is always in question here.

Fatunad

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Quote from: DoublerHunter on November 17, 2022, 04:37:07 PM

Quote from: Bitinity on November 17, 2022, 03:33:27 AM

Quote from: Hispo on November 16, 2022, 10:31:38 PM

People would like to buy a ticket if they wanted to chance to win $10k the next 12 hours or less. And I doubt you will manage to sell 10,000 tickets so fast.

That's too much numbers to imagine

, I even doubt that he will able to sell hundred tickets in few days. Even if he does not take any fee from the pool, this kind of raffle/lottery game is not attractive and it will be very hard to survive. Raffle that will be drawn after all tickets are sold can be called as a waiting game, it can be a very long game especially if there is no expiration time of each round. If there is an expiration time, lets say 24 hours, high likely the draw will not happen as the tickets are not all sold unless the raffle is limited with few tickets only for the draw.

^If you have a few tickets only and let us say only 100 or 200 tickets, it is very easy to manipulate the ticket if this is very cheap but if you will increase the price for sure no one will help you. I already said, this kind of game is a boring game in which you need to wait before knowing the result. Look around here to take an example, if you see, it is rare that there is a gambling casino that exists through raffle games. I think most of them did not survive.
Looking for an update by the OP too if the OP still wanted to continue this kind of game.

Filling the slot before the round do make a draw then it is really a tiring kind of thing which you do need up to wait and just like been said by other that not all
could really afford nor have the patience on waiting up for some time before they could know the result of the game or draw.Its true that if we do look around
then there's no much sites that been offering lottery games.There might be some who do offer but as you can see that there are no players or bettors
would be playing on that game which does prove out that interest isnt really that high or zero at all.

DoublerHunter

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Quote from: Bitinity on November 17, 2022, 03:33:27 AM

Quote from: Hispo on November 16, 2022, 10:31:38 PM

People would like to buy a ticket if they wanted to chance to win $10k the next 12 hours or less. And I doubt you will manage to sell 10,000 tickets so fast.

That's too much numbers to imagine

, I even doubt that he will able to sell hundred tickets in few days. Even if he does not take any fee from the pool, this kind of raffle/lottery game is not attractive and it will be very hard to survive. Raffle that will be drawn after all tickets are sold can be called as a waiting game, it can be a very long game especially if there is no expiration time of each round. If there is an expiration time, lets say 24 hours, high likely the draw will not happen as the tickets are not all sold unless the raffle is limited with few tickets only for the draw.

^If you have a few tickets only and let us say only 100 or 200 tickets, it is very easy to manipulate the ticket if this is very cheap but if you will increase the price for sure no one will help you. I already said, this kind of game is a boring game in which you need to wait before knowing the result. Look around here to take an example, if you see, it is rare that there is a gambling casino that exists through raffle games. I think most of them did not survive.
Looking for an update by the OP too if the OP still wanted to continue this kind of game.

stomachgrowls

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Quote from: yahoo62278 on November 06, 2022, 01:13:42 AM

30% off the top to pay for costs is a bit nuts IMO. Most gambling sites have games that are 1-5% house edge and that's their compensation for server costs advertising and whatever else may be needed. I think you need to come up with some capital before trying to take 30% from the pot. I also feel like lots have tried lotteries and raffle type ideas and have failed. Research the idea and see if its even worth the time.

Lots had tried but not ending up on getting 30% deduction for server cost,maintenance and other related to this which it is really just too much. You would really be getting 60% on overall total amount which i dont see

for people to get interested on this one.Yes, its true that there are lots who had tested out or tried about these lotteries and trying to be transparent as much as possible but still ending up on
failing.Why? It isnt really getting that much attention because people are really into gambling is way too impatient on waiting for each roll or draw to be make.
People does really have that interest on playing games which does give out instant results or outcome and not this lottery is included.

Hispo

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Quote from: Bitinity on November 17, 2022, 03:33:27 AM

Quote from: Hispo on November 16, 2022, 10:31:38 PM

People would like to buy a ticket if they wanted to chance to win $10k the next 12 hours or less. And I doubt you will manage to sell 10,000 tickets so fast.

That's too much numbers to imagine

, I even doubt that he will able to sell hundred tickets in few days. Even if he does not take any fee from the pool, this kind of raffle/lottery game is not attractive and it will be very hard to survive.

Exactly, people won't buy a ticket and wait for hours only for a chance to win a couple of hundred of dollars. It would be better for anyone wanting to participate to go for a lottery ticket: the price is way bigger and the times are reasonable.

Still, I would like to know whether OP will proceed with his enterprise in spite of our feedback.

Bitinity

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Quote from: Hispo on November 16, 2022, 10:31:38 PM

People would like to buy a ticket if they wanted to chance to win $10k the next 12 hours or less. And I doubt you will manage to sell 10,000 tickets so fast.

That's too much numbers to imagine

, I even doubt that he will able to sell hundred tickets in few days. Even if he does not take any fee from the pool, this kind of raffle/lottery game is not attractive and it will be very hard to survive. Raffle that will be drawn after all tickets are sold can be called as a waiting game, it can be a very long game especially if there is no expiration time of each round. If there is an expiration time, lets say 24 hours, high likely the draw will not happen as the tickets are not all sold unless the raffle is limited with few tickets only for the draw.

aioc

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Quote from: coolcoinz on November 16, 2022, 04:25:10 PM

Quote from: shasan on November 16, 2022, 04:12:04 PM

Do you not think it is too high a cost you are trying to take where all the reputed gambling site is taking too much lower fees than you? If a reputed site takes a lower fee and you as a newbie demand a higher fee then why gamblers will be interested in you instead of a reputed gambling site?

Because he's doing charity, like SBF

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

We can donate 10% of all tickets sales to a crypto foundation of our players selection

Jokes aside, if OP takes even 15% from his planned 30, nobody is going to send money to him. You can test that out if you want OP. go to children at the playground, pick 3 kids and tell them that if each of them gives you $1 you'll pick a winner and give him $2 and they'll see right through you. They'll ask what will happen to that $1 that they give you.

It's funny but this is how most charity funds operate. They sometimes take more than 50% of all raised funds for themselves as "operational costs".

This idea will not take off I myself never participated in a weekly lottery and the 30% operational cost is just too high since the majority of the members here and I'm sure outside of this forum will have a second thoughts about betting, this is a specific niche so don't expect that it will get the support of the majority.
I know OP wants to offer something to the community because gamblers are always looking for something that will excite them but the lottery is not something that will generate support from the majority, maybe you can launch your own casino and just integrate this lottery, just don't make it stand alone, as it will not have a chance to stand.

delfastTions

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Quote from: coolcoinz on November 16, 2022, 04:25:10 PM

Quote from: shasan on November 16, 2022, 04:12:04 PM

Do you not think it is too high a cost you are trying to take where all the reputed gambling site is taking too much lower fees than you? If a reputed site takes a lower fee and you as a newbie demand a higher fee then why gamblers will be interested in you instead of a reputed gambling site?

Because he's doing charity, like SBF

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

We can donate 10% of all tickets sales to a crypto foundation of our players selection

Jokes aside, if OP takes even 15% from his planned 30, nobody is going to send money to him. You can test that out if you want OP. go to children at the playground, pick 3 kids and tell them that if each of them gives you $1 you'll pick a winner and give him $2 and they'll see right through you. They'll ask what will happen to that $1 that they give you.

It's funny but this is how most charity funds operate. They sometimes take more than 50% of all raised funds for themselves as "operational costs".

Yeah. Unfortunately, quite a lot of charitable foundations are even created under a plausible pretext, first of all, so that the managers and a little also the employees of this foundation earn money. The very purpose of creating a fund in general can fade into the background. Therefore, we often hear news about the bankruptcy of a fund. Unfortunately, a huge number of dishonest people, swindlers, who do not stop even before committing a crime, have divorced in the world.
And the pity of people allows them to earn on sympathy for the poor, hungry and sick, who can get little from such a charitable fund.

Hispo

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I found a little flaw about the percentage of operation (5%) and the price of the tickets/participation (1$).
If you keep the entry price as low as 1$ then that means in order for you to accumulate enough money for people to be interested it could take way too many people and time, specially for you, since you are starting from the ground up with no reputation or advertisement.

People would like to buy a ticket if they wanted to chance to win $10k the next 12 hours or less. And I doubt you will manage to sell 10,000 tickets so fast.
Also means you will probably find problems to fund yourself: the 5% of few money is even fewer money. Keep these things in mind before investing your time and money in this project.

Quote from: coolcoinz on November 16, 2022, 04:25:10 PM

Quote from: shasan on November 16, 2022, 04:12:04 PM

-snip-

...

It's funny but this is how most charity funds operate. They sometimes take more than 50% of all raised funds for themselves as "operational costs".

It reminds me the documentary film on the infamous Bernie Madoff, he managed to scam charities for millions of dollars. It seemed weird to me at first, there is when I learned some big charities like to invest "their" money.

coolcoinz

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Quote from: shasan on November 16, 2022, 04:12:04 PM

Do you not think it is too high a cost you are trying to take where all the reputed gambling site is taking too much lower fees than you? If a reputed site takes a lower fee and you as a newbie demand a higher fee then why gamblers will be interested in you instead of a reputed gambling site?

Because he's doing charity, like SBF

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

We can donate 10% of all tickets sales to a crypto foundation of our players selection

Jokes aside, if OP takes even 15% from his planned 30, nobody is going to send money to him. You can test that out if you want OP. go to children at the playground, pick 3 kids and tell them that if each of them gives you $1 you'll pick a winner and give him $2 and they'll see right through you. They'll ask what will happen to that $1 that they give you.

It's funny but this is how most charity funds operate. They sometimes take more than 50% of all raised funds for themselves as "operational costs".

shasan

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Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

Hi i am thinking in developing a crypto raffle game

To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1

We can donate 10% of all tickets sales to a crypto foundation of our players selection

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc

Let me know what you think

Do you not think it is too high a cost you are trying to take where all the reputed gambling site is taking too much lower fees than you? If a reputed site takes a lower fee and you as a newbie demand a higher fee then why gamblers will be interested in you instead of a reputed gambling site?

robelneo

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Quote from: Fivestar4everMVP on November 16, 2022, 03:30:23 PM

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

Let me know what you think

On a normal ground, I perceive this to be a very good idea, and also a way to make some money for yourself, but i honestly agree with what Royse777 said in his comment in the first page, people dont really give attention to this kind of games anymore, everybody is on a rush and in hurry to see if they won lost.
The above simply means that if you dont currently have the financial means, this will be very difficult for you to lift off the ground, because you will be needing a good and long term marketing to build and keep a good number of customer base, and this marketing have to start even before the game itself is open to the general public, else, on the launch day, weeks, and even months that follow, you might struggle to sell up to 100 tickets..
Its a good business though with some level of risk, but if you trust in your financial capability, you will succeed though it might take a bit of time.-

If a project has a lot of bad feedback and needs a lot of work and will not likely gain attention in a short period of time I suggest that you just abandon it, there are a lot of lottery-based games integrated into many casinos and some of them have instant results, like what the other is saying when it comes to luck based games many wants results right away, they only wait for results for sports betting but on luck based games like lottery its unlikely.

Fivestar4everMVP

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Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

Let me know what you think

On a normal ground, I perceive this to be a very good idea, and also a way to make some money for yourself, but i honestly agree with what Royse777 said in his comment in the first page, people dont really give attention to this kind of games anymore, everybody is on a rush and in hurry to see if they won lost.
The above simply means that if you dont currently have the financial means, this will be very difficult for you to lift off the ground, because you will be needing a good and long term marketing to build and keep a good number of customer base, and this marketing have to start even before the game itself is open to the general public, else, on the launch day, weeks, and even months that follow, you might struggle to sell up to 100 tickets..
Its a good business though with some level of risk, but if you trust in your financial capability, you will succeed though it might take a bit of time.-

LUCKMCFLY

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Quote from: electronicash on November 06, 2022, 12:34:50 PM

Quote from: abel1337 on November 06, 2022, 10:51:11 AM

To be honest, I'm pretty sure you will have a very few joiners on your lottery if you ever continue and launched it. People who knows crypto are not trusty enough to buy this type of crypto raffle. If you ever tried using pickerwheel to choose a winner, I'm sure people will laugh at your crypto raffle. There are many tutorials on how to make a probably fair raffle system and raffles or giveaways here are doing that. I've never seen anyone use pickerwheel to a crypto raffle, Only company parties are using it. I also think it is too early to think about the promotion since you are just starting to build your idea, 30% of the pot money for marketing and other stuffs is not right. People would just probably choose to play on an established lotto casino.

his players will pay for the marketing. that literally sucks. anyway its just his plans for now nothing is lost.

i think it will be fun to have a youtube channel for his raffle or just have a wheel of fortune type gambling to build trust to its audience. make it a fun game and he can ask donations from youtube live chat or twitch. he can develop his youtube channel too. that's a win-win.

Well, I don't see anything wrong with the raffles, but it's like you've already been told, how do you plan to do it if you need to have some profit? people for your lottery if it's almost not that attractive? Well I tell you from the point of view as a player, I would take advantage of each social network to promote something like this, and be able to have better control, the more people who enter the lottery game it is much less, I think that is one of the things that you take into account, the rest seems to me not bad, also if you see that you can establish a business model with that, then your time and work is good.

PX-Z

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Quote from: AB de Royse777 on November 06, 2022, 03:53:52 AM

Quote from: Betcrypto.cr on November 06, 2022, 12:23:09 AM

To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1

This kind of raffles are hard to get traction. People are more into Lotto and EuroMillions type of lotteries. In online, people wants quick result instead of waiting for x amount of time LOL

I second to this not unless this is free lmao. If this is free, even a 100 slots will be full in no time — for using blockchain last digits as a winner.

Jokes aside, say raffle slots for a hundred and the winner takes $60 is not that bad its 600% profit, but the main problem is if hundred users will be interested ^{(excluding if its okay to have multiple slots per person)} to bet even just a mere dollar.

DoublerHunter

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Quote from: Bitinity on November 07, 2022, 03:38:59 AM

Since you have other plan to create your own casino, better to focus on that one and leave the idea to create a raffle game aside. You can use the raffle as one of your promotion tools for your casino once it is alive. Raffle where players collect ticket by wagering is better and more attractive than a raffle where your players need to buy the tickets. As previously said by other members, raffle game is not attractive at all and it will just waste your time and money because the interest for such lottery/raffle game is so low in this crypto gambling industry.

^I have been here in the forum for how many years and honestly, those projects that the same on this path are usually failed in the end. Because people are not interested in the lottery because it is a boring game and you need to wait for how many hours for the result. Regarding fairness, using the BTC blockchain result is the best idea than live streaming, we need provable fairness that can be publicly seen. Using this method is the best idea but still, it is up to your decision.

Topic: Crypto raffle game idea | feedback required - page 3. (Read 745 times)