As stated above I'm a new guy here but I'm willing to do whatever to do to gain trust if Escrow is one of them then let it be. 10% fee to much? How about 5%
I'm willing to accept Escrow.
5% fee is still too much, i can gamble on dice instead of lottery for much lower edge/fees and i can verify each result. How about that?
About that is this that here with one "shot", "ticket" or whatever you can win much more that 99%. If there will be only one winner and 20 players and entrance will cost $2.5 It is more/less: 20*2.5=$50 - 5% fee ($2.5) = $47.50
So for $2.5 you are winning $47.50.
How about that?
But the chance you will get the right number is 1/100 (1%) before you can win, if you bet it on dice then you will get $250
How about this?
Or with 1% house edge on dice with the same chance as you posted you will surely get much more so your point is invalid
It is not 1/100 - it is 1/20 so that's 5%
If we count 100 players it will be 100*$2.5 = $250 - 5% fee = $237.5
I think a better comparison would be to bet on black / red on roulette ..
Okay how about $2.50 and you get 5 spots + the limit of placing bets is 20 then for $10 you get 20% to win and for $5 you get 10% That multiples pretty good I believe. (please tell me what works and what won't)
EDIT EDIT:
I get your point now