As you can see, all BTC entries are taken into the prizepool.
If we have 10 players (10 x 1.02 = 10.2), we have 5 winners at the end of the week which each win 2 BTC (5 x 2 = 10), 0.2 BTC is used for transaction fees.
Topic: NEW: Bitcoin - Double or Nothing! +++ 50% chance of doubling your BTC +++ Week 1 (Read 1690 times)
July 31, 2011, 05:17:42 AM
July 31, 2011, 05:14:07 AM
Hi all,
I would like to start from today, a weekly Double or Nothing lottery, which gives players a 50% chance of doubling their bitcoins.
For example: 20 players play for 1 BTC in week 1, Sunday 7 august 23:59, 10 players will be randomly chosen as winner and will receive 2 BTC as reward.
This means you have a 50% chance to win 2 BTC a week.
You can participate as many times as you want. If you want to participate twice, just make two separate deposits and your address will be registered as a double participation. You now have the chance to win 4 BTC with two entries!
How to participate
To register an entry, deposit 1.02 BTC to the following address:
If you would like to register multiple entries, please do multiple deposits of 1.02 BTC every single time with the same address.
Deposits that do not match 1.02 BTC will be rejected immediately.
Prize Pool
You have a guaranteed 50% chance to win 2 BTC, no matter how many entries there will be. Even if there are only two players or 100 players, you'll always have 50% chance to win 2 BTC.
If you have 2 entries, you can win ofcourse 4 BTC. 3 entries and you can win 6 BTC, ...
Deadline
Deposits can start now until August 7, 23:59 CET, we will randomly choose the winners at August 8, 00:00 CET and payments will be done August 8, between 00:01 CET and 00:59 CET.
Winners will be announced August 8, 01:00 CET
And the next round (Week 2) will also start August 8, 01:00 CET - August 14, 23:59 CET.
I'm hoping you guys will appreciate this. I got inspiration from playing these Double or Nothing poker tournaments. Any tips or suggestions are welcome. Hopefully we can have some players this first week.
Good luck!
I would like to start from today, a weekly Double or Nothing lottery, which gives players a 50% chance of doubling their bitcoins.
For example: 20 players play for 1 BTC in week 1, Sunday 7 august 23:59, 10 players will be randomly chosen as winner and will receive 2 BTC as reward.
This means you have a 50% chance to win 2 BTC a week.
You can participate as many times as you want. If you want to participate twice, just make two separate deposits and your address will be registered as a double participation. You now have the chance to win 4 BTC with two entries!
How to participate
To register an entry, deposit 1.02 BTC to the following address:
Code:
1CeW5SbTizEswWjQb8ymjB4nGgpZCnAYvh
If you would like to register multiple entries, please do multiple deposits of 1.02 BTC every single time with the same address.
Deposits that do not match 1.02 BTC will be rejected immediately.
Prize Pool
You have a guaranteed 50% chance to win 2 BTC, no matter how many entries there will be. Even if there are only two players or 100 players, you'll always have 50% chance to win 2 BTC.
If you have 2 entries, you can win ofcourse 4 BTC. 3 entries and you can win 6 BTC, ...
Deadline
Deposits can start now until August 7, 23:59 CET, we will randomly choose the winners at August 8, 00:00 CET and payments will be done August 8, between 00:01 CET and 00:59 CET.
Winners will be announced August 8, 01:00 CET
And the next round (Week 2) will also start August 8, 01:00 CET - August 14, 23:59 CET.
I'm hoping you guys will appreciate this. I got inspiration from playing these Double or Nothing poker tournaments. Any tips or suggestions are welcome. Hopefully we can have some players this first week.
Good luck!
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