Crypto raffle game idea | feedback required - page 4.

khaled0111

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Quote from: Betcrypto.cr on November 06, 2022, 01:16:53 AM

Ok thanks for the feedback well yeah i think we could lower instead of 30% change it to 5%

No offense but lowering your cut from 30% to 5% just like that makes me wonder if you are really ready to get into this business! You may need to hire someone with more experience in this field to help you and assist you along the way or at least during the first phases.
Regarding the fairness of the game, you don't need to make live streaming. Provably fair algorithms and cryptography can do the job.

FatFork

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I'm putting this idea as neutral because I think it's a good idea to start but I feel that it wont get the publicity. Personally, I feel like raffles aren't your best bet. While you're right with there being very few competitors in the bitcoin lottery space, I feel like there's a lot of competition for people's attention. If you're going to do a raffle, I would suggest offering some sort of incentive or bonus for entering (like a chance to win more than the jackpot). My second suggestion is to lower the percentage you take from the pot. Also, expect it will take longer than you think to reach your goal; perhaps you should plan for that. Most importantly, though, I hope you realize just how much work and preparation goes into succeeding in a competitive field like this.

tabas

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You can adjust the percentage depending on how much will be the pool collected on that raffle game. I think it's good to start with some dry run and like having people to have some incentives like having some free spins after joining that $1. Although it's kind of too much to ask but it's up to you, that's sort of idea is what I think because it should really take the attention of many for you to have that much expectation based on the percentage and cut that you've given as an example.

Bitinity

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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.

electronicash

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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.

Betcrypto.cr

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Quote from: crzy on November 06, 2022, 07:25:53 AM

Quote from: Betcrypto.cr on November 06, 2022, 01:16:53 AM

Ok thanks for the feedback well yeah i think we could lower instead of 30% change it to 5%

Considering that this is still a new project and probably limited in a budget, getting a 30% income to support the operation is not that bad and this is not pure gambling I guess since it's a raffle game which is purely depend on the luck of every participants. Just create a good plan and rules for this one, and make sure that the reward are very attractive.

Anyway, doing live might be ok for now but if you still have other option to make this more fair then much better. Try also to ask for some help with the reputable user here and manage this project together, try to seek their professional opinion.

Thanks

abel1337

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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.

Yatsan

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

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

Is your profit included with operation? 'coz you need to prioritize it as for your effort. I like the idea that you've considered donating but atleast compensate your effort as well given that you'd make live videos which would consume time and energy.

Anyway, I do also think that the allocation is not clear enough; much better if you would make a breakdown to be more precised. It will help you as well on organizing this project of yours and other aspects of it.

Quote from: cabron on November 06, 2022, 10:12:57 AM

Participants only get 60% and they give 30% for the casino marketing.
Is Jay Leno your host? Forchristsake! This raffle game hasn't started yet but has already attempted to squeeze from users.

Maybe you should have thought of the funds to build up your casino. So many have tried with huge funds but failed. They've tried campaigning too for a very minimum weekly pay but the competition is harsh.

Campaigning won't be a good idea if you will have a small fund that will circulate on the whole project. If it is a small one, and you are a solo player you can euther hire or make efforts to minimize the costings and to balance things out.

cabron

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Participants only get 60% and they give 30% for the casino marketing.
Is Jay Leno your host? Forchristsake! This raffle game hasn't started yet but has already attempted to squeeze from users.

Maybe you should have thought of the funds to build up your casino. So many have tried with huge funds but failed. They've tried campaigning too for a very minimum weekly pay but the competition is harsh.

seoincorporation

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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

That is not a provably fair way to make a giveaway because the image you are streaming could be a prerecorded video, or an edited video, so for me that method can be rigged.

I would suggest to use the data from a future block to make the giveaways, some weeks ago i posted the guide about how to make real provably fail giveaways, so take a look to it and i hope that information helps to make your game fair for all:

[How-To] Make a provably fair giveaway: https://bitcointalksearch.org/topic/--5416890

Coin_trader

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Lottery from scratch is the hardest thing to become successful because of competition and also you are using only the pot money for the prize which means it will be small because you are just a startup casino. Most of the DEX and DeFi has a built-in lottery games while casino has keno and live games that has lotto type categories that will be the toughest competitors to beat.

Do you have huge budget for the startup operation for a couple of months or you will just get it all from the pot on initial release of the game because players will usually don't buy startup casino with less competitive offers in terms of bonus and prize pool.

davis196

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I'm no expert in this field, but don't you know that live streams can be pre-recorded and therefore faked?
Software like Open Broadcast Studio (OBS) can be used to such purpose. Do you remember all the scam Youtube "Bitcoin giveaway" channels with their fake pre-recorded livestreams?
I'm sorry to say this.
Your idea of an online lottery seems so generic that probably around 1000 people before you had come up with the same idea.
1.Sell 1 dollar tickets. Check.
2. Pick the lottery winner using random.org, pickerwheel, etc. Check.
3. Keep 10-20-30% of the ticket revenue for operational costs and profit. Check.
This business model simply doesn't work. So far I have never seen a truly successful online lottery. Good luck with this project.

crzy

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Quote from: Betcrypto.cr on November 06, 2022, 01:16:53 AM

Ok thanks for the feedback well yeah i think we could lower instead of 30% change it to 5%

Considering that this is still a new project and probably limited in a budget, getting a 30% income to support the operation is not that bad and this is not pure gambling I guess since it's a raffle game which is purely depend on the luck of every participants. Just create a good plan and rules for this one, and make sure that the reward are very attractive.

Anyway, doing live might be ok for now but if you still have other option to make this more fair then much better. Try also to ask for some help with the reputable user here and manage this project together, try to seek their professional opinion.

Daltonik

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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

It would be relevant if you had an account with more than 10 million followers on Twitter, for example, then it would attract attention, and so I think few people would be interested because of the small pool of prize money.

AB de Royse777

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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

Betcrypto.cr

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Ok thanks for the feedback well yeah i think we could lower instead of 30% change it to 5%

yahoo62278

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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.

Betcrypto.cr

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Yes, we contemplate profits in the 30% also thanks for the suggestion Wink

Don Pedro Dinero

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

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

I guess you include profits there too, right? Or are you doing it for art's sake?

If you are planning to do a signature campaign, also make a good Ann thread on the forum and buy a copper membership. It's cheap and allows you to post images. Many times we see botched projects with a newbie account that don't post images and get nowhere on the forum.

As you can see, the gambling section is very busy, and the houses that advertise here move lots and lots of money.

Betcrypto.cr

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Cool thanks i will check it

Topic: Crypto raffle game idea | feedback required - page 4. (Read 763 times)