Topic: 💰LottoBtc.org💰 | The Global Anonymous Lottery | 🎉1000000 FREE ENTRIES PROMO🎉 (Read 456 times)
July 21, 2018, 07:00:19 AM
~10 hours until the next draw! Get your dust/entries in for your chance to win your share of the 10mBTC+ prizepool for draw #0005
July 20, 2018, 04:54:22 AM
250 blocks until Draw #005! More than 50,000 free entries have been registered, join in before block 533000 for your chance to win!
July 17, 2018, 07:18:44 PM
We are giving out ANOTHER free MILLION entries for draw #0005 - find out more at https://www.lottobtc.org/promotions.html
Draw #5 happens in 920 blocks!
Draw #5 happens in 920 blocks!
Although you give this is free and everyone just using their own prize, how are you going to manage to get some payout? Are you saying that you are going to fund the draw with your own money? You need some bigger promotion at least to attract big player or at least many small players to boost your site wagered or even profit
They do charge 5% of the total prize pool it seems, so that's probably enough to keep everything running.
Don't mind that at all, I like the fact that the tickets are cheap and love to see bigger prize pools.
I tried for a while to make a way for the prize pool to spill over onto the next prize pool, but that created some problems with how our lottery functions as that bitcoin could then also 'win' the jackpot and it would be confusing as the 'sender' of that bitcoin that spilt over should not be eligible to win in the following draw from that previous deposit, etc. But the idea of taking an additional 5% and adding it to a 'jackpot' address that keeps filling up until someone wins a 'jackpot' is a very interesting idea and I wouldn't mind seeing how that plays out. As for now however, I feel like the jackpot would be too insignificant and I think we will have to wait until the site grow a little more before the 5% really even means anything.
640 blocks until Draw #005, I really encourage you guys to deposit a few hundred satoshi / retweet our tweet for your chance to win the 0.01 BTC [so far] this draw
July 17, 2018, 03:50:05 PM
We are giving out ANOTHER free MILLION entries for draw #0005 - find out more at https://www.lottobtc.org/promotions.html
Draw #5 happens in 920 blocks!
Draw #5 happens in 920 blocks!
Although you give this is free and everyone just using their own prize, how are you going to manage to get some payout? Are you saying that you are going to fund the draw with your own money? You need some bigger promotion at least to attract big player or at least many small players to boost your site wagered or even profit
They do charge 5% of the total prize pool it seems, so that's probably enough to keep everything running.
Don't mind that at all, I like the fact that the tickets are cheap and love to see bigger prize pools.
July 17, 2018, 10:07:10 AM
We are giving out ANOTHER free MILLION entries for draw #0005 - find out more at https://www.lottobtc.org/promotions.html
Draw #5 happens in 920 blocks!
Draw #5 happens in 920 blocks!
Although you give this is free and everyone just using their own prize, how are you going to manage to get some payout? Are you saying that you are going to fund the draw with your own money? You need some bigger promotion at least to attract big player or at least many small players to boost your site wagered or even profit
They do charge 5% of the total prize pool it seems, so that's probably enough to keep everything running.
Don't mind that at all, I like the fact that the tickets are cheap and love to see bigger prize pools.
July 17, 2018, 07:20:01 AM
We are giving out ANOTHER free MILLION entries for draw #0005 - find out more at https://www.lottobtc.org/promotions.html
Draw #5 happens in 920 blocks!
Draw #5 happens in 920 blocks!
Although you give this is free and everyone just using their own prize, how are you going to manage to get some payout? Are you saying that you are going to fund the draw with your own money? You need some bigger promotion at least to attract big player or at least many small players to boost your site wagered or even profit
July 16, 2018, 06:40:54 PM
800 blocks remaining in Draw #0005 - feel free to grab some o our free entries, or enter yourself for the winnings to be directly sent to your address!
July 15, 2018, 05:30:24 PM
We are giving out ANOTHER free MILLION entries for draw #0005 - find out more at https://www.lottobtc.org/promotions.html
Draw #5 happens in 920 blocks!
Draw #5 happens in 920 blocks!
July 08, 2018, 07:58:46 AM
Ok then, it is so clear that you can give the explanation but still wondering why put the rest on your rake address, are you saying that it will not be on the pot? I think with the rest pun on the pot it will go up the last tier easily then you guys will have more spare. If this keep on cycling, then it will be easily for you guys to make some profit too so both player and banker will have some win
I'm not sure i'm fully understanding what you are asking. Are you asking why we need a rake in the first place? At the moment the 5% is helping cover the costs of promotions that we will be doing, website upkeep and development costs, as well as profit. Thats why 5% is taken and sent to the 1RAKE[...] address at the time of each drawing.
Nope, I am not asking how the rake is used, instead I am asking why 5% are not in your balance left, because consider your pot will be empty all the times after players win. But if you put X% on your pot then there is always some balance left. So it will be quick to fulfill the tier as well. Let say if 2.5 btc tier hits them you have 5% left which is around 0.125btc, although there is only little people play on the next block, as players we still can play on 0.125btc tier with, so it will make the site always alive
The 5% rake is sent to our rake address after. If the 5% was left in for people to play on the next block, then the 5% would not be 'ours' and would still be a lottery prize, therefore having a 100% lottery prize, which is unsustainable as a business. If there was a 2.5btc pot, and we left the 0.125 btc for the next draw to play with, what would we run the website on?
It does not matter if 5% go into your account or not but at least there should be something on the pot to make sure people will keep on playing instead of just stay on zero balance and it will not attract peolle to play. Anyway you still have your own bankroll to maintain your site or even improving it because this not something like investment program so you do not need that 5% rakeback actually
July 07, 2018, 03:08:22 PM
Ok then, it is so clear that you can give the explanation but still wondering why put the rest on your rake address, are you saying that it will not be on the pot? I think with the rest pun on the pot it will go up the last tier easily then you guys will have more spare. If this keep on cycling, then it will be easily for you guys to make some profit too so both player and banker will have some win
I'm not sure i'm fully understanding what you are asking. Are you asking why we need a rake in the first place? At the moment the 5% is helping cover the costs of promotions that we will be doing, website upkeep and development costs, as well as profit. Thats why 5% is taken and sent to the 1RAKE[...] address at the time of each drawing.
Nope, I am not asking how the rake is used, instead I am asking why 5% are not in your balance left, because consider your pot will be empty all the times after players win. But if you put X% on your pot then there is always some balance left. So it will be quick to fulfill the tier as well. Let say if 2.5 btc tier hits them you have 5% left which is around 0.125btc, although there is only little people play on the next block, as players we still can play on 0.125btc tier with, so it will make the site always alive
The 5% rake is sent to our rake address after. If the 5% was left in for people to play on the next block, then the 5% would not be 'ours' and would still be a lottery prize, therefore having a 100% lottery prize, which is unsustainable as a business. If there was a 2.5btc pot, and we left the 0.125 btc for the next draw to play with, what would we run the website on?
July 06, 2018, 08:19:44 PM
Ok then, it is so clear that you can give the explanation but still wondering why put the rest on your rake address, are you saying that it will not be on the pot? I think with the rest pun on the pot it will go up the last tier easily then you guys will have more spare. If this keep on cycling, then it will be easily for you guys to make some profit too so both player and banker will have some win
I'm not sure i'm fully understanding what you are asking. Are you asking why we need a rake in the first place? At the moment the 5% is helping cover the costs of promotions that we will be doing, website upkeep and development costs, as well as profit. Thats why 5% is taken and sent to the 1RAKE[...] address at the time of each drawing.
Nope, I am not asking how the rake is used, instead I am asking why 5% are not in your balance left, because consider your pot will be empty all the times after players win. But if you put X% on your pot then there is always some balance left. So it will be quick to fulfill the tier as well. Let say if 2.5 btc tier hits them you have 5% left which is around 0.125btc, although there is only little people play on the next block, as players we still can play on 0.125btc tier with, so it will make the site always alive
July 04, 2018, 05:48:03 PM
500 blocks remaining until draw #003!
July 03, 2018, 06:27:14 PM
Ok then, it is so clear that you can give the explanation but still wondering why put the rest on your rake address, are you saying that it will not be on the pot? I think with the rest pun on the pot it will go up the last tier easily then you guys will have more spare. If this keep on cycling, then it will be easily for you guys to make some profit too so both player and banker will have some win
I'm not sure i'm fully understanding what you are asking. Are you asking why we need a rake in the first place? At the moment the 5% is helping cover the costs of promotions that we will be doing, website upkeep and development costs, as well as profit. Thats why 5% is taken and sent to the 1RAKE[...] address at the time of each drawing.
July 03, 2018, 10:11:29 AM
75% should be consider as second tier which have 0.05-0.25 btc as their payout mean while you said it here that he won 75% and only 0.012 btc as their first prize? I do not understand how do you calculating it so if I may know the details may be it will be good to have. And for second players as well he won it by using free promotions and he only got 75% yet got retaining their 20% prize? Is this how free promotion works?
So if the prize pool at the time of the draw is <0.01 BTC, the 1st place winner gets 95% of the prize pool, if at the time of the draw the prize pool is between 0.01 and 0.1 BTC, first place receives 75% of the prize pool, and second place receives 20%. In both cases, 5% is sent to our rake address
Here you can see a breakdown of the payout structure which is available on our website. This was changed around prior to the first draw after some feedback on this thread.
For draw #002, the prize pool at the time of drawing was 0.012, so first place was sent (0.75*0.012), or 0.009 BTC, and second place received (0.2*0.012), or 0.0024 BTC, the remaining 0.0006 BTC was sent to our rake address.
Does that clear it up, or is there still something I can help with or fix?
Ok then, it is so clear that you can give the explanation but still wondering why put the rest on your rake address, are you saying that it will not be on the pot? I think with the rest pun on the pot it will go up the last tier easily then you guys will have more spare. If this keep on cycling, then it will be easily for you guys to make some profit too so both player and banker will have some win
July 03, 2018, 12:20:49 AM
75% should be consider as second tier which have 0.05-0.25 btc as their payout mean while you said it here that he won 75% and only 0.012 btc as their first prize? I do not understand how do you calculating it so if I may know the details may be it will be good to have. And for second players as well he won it by using free promotions and he only got 75% yet got retaining their 20% prize? Is this how free promotion works?
So if the prize pool at the time of the draw is <0.01 BTC, the 1st place winner gets 95% of the prize pool, if at the time of the draw the prize pool is between 0.01 and 0.1 BTC, first place receives 75% of the prize pool, and second place receives 20%. In both cases, 5% is sent to our rake address
Here you can see a breakdown of the payout structure which is available on our website. This was changed around prior to the first draw after some feedback on this thread.
For draw #002, the prize pool at the time of drawing was 0.012, so first place was sent (0.75*0.012), or 0.009 BTC, and second place received (0.2*0.012), or 0.0024 BTC, the remaining 0.0006 BTC was sent to our rake address.
Does that clear it up, or is there still something I can help with or fix?
July 02, 2018, 08:08:38 PM
Draw #002 has concluded, and well that was a rollercoaster
With our free entry promotion, someone with the maximum amount of free entries (10000), equivalent to 0.0001 BTC, ended up winning the 1st place of the lottery, taking home 75% of our 0.012 BTC prize pool
2nd place also was won by our free promotion address, so the full 95% was sent back to the 1FREE[...] btc address, and from there the 75% was forwarded to the winner, and the 20% second place prize was retained by us.
If you want to see the drawing process, check out the DRAW 002 reddit thread
Draw #003 entries are now currently being accepted at https://www.lottobtc.org
With our free entry promotion, someone with the maximum amount of free entries (10000), equivalent to 0.0001 BTC, ended up winning the 1st place of the lottery, taking home 75% of our 0.012 BTC prize pool
2nd place also was won by our free promotion address, so the full 95% was sent back to the 1FREE[...] btc address, and from there the 75% was forwarded to the winner, and the 20% second place prize was retained by us.
If you want to see the drawing process, check out the DRAW 002 reddit thread
Draw #003 entries are now currently being accepted at https://www.lottobtc.org
75% should be consider as second tier which have 0.05-0.25 btc as their payout mean while you said it here that he won 75% and only 0.012 btc as their first prize? I do not understand how do you calculating it so if I may know the details may be it will be good to have. And for second players as well he won it by using free promotions and he only got 75% yet got retaining their 20% prize? Is this how free promotion works?
July 02, 2018, 03:01:07 PM
Draw 0003 is currently underway with 750+ blocks left to go!
Feel free to subscribe to our reddit thread at www.reddit.com/r/lottobtc for breakdowns on draws, and updates on promotions and the current draw!
Or follow us on twitter or instagram @lottoBTCorg
Feel free to subscribe to our reddit thread at www.reddit.com/r/lottobtc for breakdowns on draws, and updates on promotions and the current draw!
Or follow us on twitter or instagram @lottoBTCorg
July 01, 2018, 02:00:13 AM
Draw #002 has concluded, and well that was a rollercoaster
With our free entry promotion, someone with the maximum amount of free entries (10000), equivalent to 0.0001 BTC, ended up winning the 1st place of the lottery, taking home 75% of our 0.012 BTC prize pool
2nd place also was won by our free promotion address, so the full 95% was sent back to the 1FREE[...] btc address, and from there the 75% was forwarded to the winner, and the 20% second place prize was retained by us.
If you want to see the drawing process, check out the DRAW 002 reddit thread
Draw #003 entries are now currently being accepted at https://www.lottobtc.org
With our free entry promotion, someone with the maximum amount of free entries (10000), equivalent to 0.0001 BTC, ended up winning the 1st place of the lottery, taking home 75% of our 0.012 BTC prize pool
2nd place also was won by our free promotion address, so the full 95% was sent back to the 1FREE[...] btc address, and from there the 75% was forwarded to the winner, and the 20% second place prize was retained by us.
If you want to see the drawing process, check out the DRAW 002 reddit thread
Draw #003 entries are now currently being accepted at https://www.lottobtc.org
June 30, 2018, 12:13:38 PM
Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.
The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw
Thanks for inquiring and no problem, even dust gives you a chance.
The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw
Thanks for inquiring
and no problem, even dust gives you a chance.7 different deposits but already got 600k entries? What does it means? Exactly the same person keep on sending it again and again? Btw I just checked your site and you got pretty simply design there and to have 0.0065 btc jackpot in just 2 days is pretty amazing, I do hope there will be more participants and it will give us big jackpot to be drawn. I will send something there too since it is start from 1 satoshi
it could mean that some players sent under 100k satoshi to the pot
could be OP himself too,why not-its a way to promote if none is playing
there is nothing wrong about it,but I feel like this lottery can be profitable if advertised properly
its cheap to play,its provably fair and has only 5% house edge
the only thing that the way it is played doesn't let the creators to offer promotions like free tickets etc.
and they are limiting themselves with bonuses because 5% is marginally low to add any
other than that,one of the few new lotteries that looks somewhat promising
Who do you mean that are profitable? OP or players? Because there is no way it is profitable for both of us, how are you going to expect people to keep on playing with such a low amount to get that huge amount of payout? OP must have some pretty huge bankroll to offer this, and not depends much on players bought. To think that they have 5% house edge on big payout is really good if they have good promotion and may be doing some more of advertising
Just like a casual lottery you would need extreme luck for you to be chosen or selected. Properly marketed or not but usual thing happen on these sites would still end up on not good situation.
its totally risk free for them,they do not risk their own bankroll at all
this one you can buy as many tickets as you like and you are not limited by the min cost
some lotteries set it 10k or higher ,this one is very affordable,you can buy 5000 or 100.000 tickets or even 1000 (although the tx fee to send it would be higher
)wonder where admin is,if I were him I would be posting every round result and promote like crazy
June 28, 2018, 12:37:25 PM
Each 'entry' is just 1 satoshi, so I guess it's just a fun way of saying it. As a first draw there have been 7 different deposits though, ranging from 50,000 entries to 100,000 entries each.
The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw
Thanks for inquiring and no problem, even dust gives you a chance.
The "prize pool" is just the lottery address balance, and the amount going out to the winners would be 95% of this, or about 0.006175 BTC as of now, 617500 satoshi. Our profit comes from the static 5% rake each draw
Thanks for inquiring
and no problem, even dust gives you a chance.7 different deposits but already got 600k entries? What does it means? Exactly the same person keep on sending it again and again? Btw I just checked your site and you got pretty simply design there and to have 0.0065 btc jackpot in just 2 days is pretty amazing, I do hope there will be more participants and it will give us big jackpot to be drawn. I will send something there too since it is start from 1 satoshi
it could mean that some players sent under 100k satoshi to the pot
could be OP himself too,why not-its a way to promote if none is playing
there is nothing wrong about it,but I feel like this lottery can be profitable if advertised properly
its cheap to play,its provably fair and has only 5% house edge
the only thing that the way it is played doesn't let the creators to offer promotions like free tickets etc.
and they are limiting themselves with bonuses because 5% is marginally low to add any
other than that,one of the few new lotteries that looks somewhat promising
Who do you mean that are profitable? OP or players? Because there is no way it is profitable for both of us, how are you going to expect people to keep on playing with such a low amount to get that huge amount of payout? OP must have some pretty huge bankroll to offer this, and not depends much on players bought. To think that they have 5% house edge on big payout is really good if they have good promotion and may be doing some more of advertising
Just like a casual lottery you would need extreme luck for you to be chosen or selected. Properly marketed or not but usual thing happen on these sites would still end up on not good situation.
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