I will post sometime after February 1st - there will be a list of charities and the participants can select their favorite charity from the list when they pay for a slot in the lottery/raffle - the charity with the most votes will receive the funds.
I will go with 50 slots of two numbers each slot (00-01, 02-03, ..... up to 98-99) for the first attempt at $10 per slot - with two numbers per slot, participants will have 2 chances to win. I will allow payments in BTC, LTC or ETH.
there will be 4 winners that will be selected in order by using the hash of 4 future sequential BTC blocks. I will select the starting block number after the raffle/lottery is closed.
the first winner will get 25% of the pot, second will get 20%, third will get 15% and fourth will get 10% -- this will award 70% of the pot to the winners with 30% going to the charity with the most votes.
I am going to close this thread for now - look for my new one shortly after September 1st !
and thank you all for your recommendations/ideas/criticisms - all were helpful in deciding what I would do.
Topic: question concerning a type of raffle (Read 454 times)
Its like Gambling since people are still placing their money on something that they can gain from BUT only 50% of the total price money and in some way it also becomes a Donation to charity like the one that happens on your company. Though the way to pick the winners are a bit complex, it is still possible to create a way to present a clear winner. Its like gambling with a raffle touch. That would be cool since you can have lots of players to cater.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
Yes this is definitely gambling because you put in 10$ and have a 1/100 chance of winning, like any lottery. I think this is a good idea for this forum. There are many trusted users here who would easily function as escrow and another for lottery management. Some part of the winning would need to be used as fees for the two.
The only problem I would assume would be choosing which numbers to pick. Easiest would be if you assign the 100 participants a random number but I bet people would prefer to choose their own numbers. But then most people would try to pick their lucky numbers like 3,6, 13, or 19. It could be hard to fill all 100 numbers.
I do not need escrow (I provide escrow on these forums) I also do not need someone to manage it (I will) and there is no fee for myself - the goal is to raise funds for a charity not myself.
I was thinking to let people pick their own numbers - I do see your point in that some may not participate if they do not get their number - so that would be an issue as well if the numbers were randomly assigned as well.
I do not need escrow (I provide escrow on these forums) I also do not need someone to manage it (I will) and there is no fee for myself - the goal is to raise funds for a charity not myself.
I was thinking to let people pick their own numbers - I do see your point in that some may not participate if they do not get their number - so that would be an issue as well if the numbers were randomly assigned as well.
I am sorry, I thought you were looking for someone to run this for you.
To give a part of the winnings to charity sounds like a good idea. I think there should be plenty of people here on this forum to be interested in such a gamble.
Maybe just start to run it on a monthly basis and see how it goes. Advertisement shouldn't be a problem here.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
What happens in your company consider as gambling because you and other employee have to participate to puts in $10 for every people, and I think that is kind of lottery. We don't know if a chance that could work here if you don't try, but I wonder how it will look like because if we send some money to buy one or two tickets, that still lottery.
As stated a few other posts up - I would entertain the idea of having maybe 4-5 winners and providing 75%-80% to the winners with 25%-20% going to the charity.
I will be taking zero percentage - some may find that hard to believe but having lost 2 family members to COVID and at least 6 family members to various forms of cancer, I already make personal donations to several agencies. This idea was spurred when I read about an unnamed early bitcoiner that made a fortune and decided to give vast quantities to various charities - while I do not have vast amounts of Bitcoin to do that with, I would like to see the crypto community do something similar - now if I need to offer a prize, so be it
I cannot fault that at all.
I will be looking to do this start of September.
I will be taking zero percentage - some may find that hard to believe but having lost 2 family members to COVID and at least 6 family members to various forms of cancer, I already make personal donations to several agencies. This idea was spurred when I read about an unnamed early bitcoiner that made a fortune and decided to give vast quantities to various charities - while I do not have vast amounts of Bitcoin to do that with, I would like to see the crypto community do something similar - now if I need to offer a prize, so be it
I cannot fault that at all. I will be looking to do this start of September.
I think your idea can work in the name of donations, and perhaps, you can use at least 7 names of charities, and we can select what we want. And the winner will be select for 3-5 winners.
Yes it is lottery. And in this case there are many of here offering this kind of gambling. Try to check establish crypto gambling sites and see it for yourself that there are winners already in doing lottery. Even here in the forum I guess someone had organize a lottery but it was being escrow to a certain user for all we know that funds should be secure. Payments should be done using escrow service if lottery is to be done here.
But usually gamblers will play lottery at establish gambling site. Therr are many gambling to start playing lottery.
But usually gamblers will play lottery at establish gambling site. Therr are many gambling to start playing lottery.
What you tell a type of raffle in the opening post includes gambling, I prefer to call it a lottery. Actually your idea is very good,
by holding raffle on this forum. With the level of trust you have, surely many members here participate in the raffle that will be
held by you. Moreover, the rewards offer is quite large, 75%-80% of the money raised from participants. My advice is that every
participant is drawn a fee of $ 5. Not too big a value for issued by participants and not burdensome. I will continue to monitor
this thread, to know the progress.
by holding raffle on this forum. With the level of trust you have, surely many members here participate in the raffle that will be
held by you. Moreover, the rewards offer is quite large, 75%-80% of the money raised from participants. My advice is that every
participant is drawn a fee of $ 5. Not too big a value for issued by participants and not burdensome. I will continue to monitor
this thread, to know the progress.
In this forum there are 2 types of raffles, one is when you need to pay to join and the other one is a free raffle like you don't need to pay anything just post your number. there are lots of them in games and rounds. The first one will be considered gambling since you are gonna pay with an odd chance to win but not 100% sure. while the other one is not because that does not involve any money in your pocket.
Do you plan on making a sole website for this or would just make a thread on this forum just like on what we do saw on common giveaway or lottery thread?
It would be on the forums.
This is still gambling though in a good cause. The only issue is who would organize and facilitate the draw? This could be done in this forum too, with a bunch of trusted members who built their reputation over time and proved themselves worthy of some trust. Anyway, you, the OP can do this and just provide us with a list of charities you have in mind should you continue with the idea. Also it will be good if people can choose numbers for their own at a first-come-first-serve basis to ‘at least’ give a little freedom to participants on this lottery.
Totally doable and a nice concept, since I know most gamblers here are itching to play new stuff.
Totally doable and a nice concept, since I know most gamblers here are itching to play new stuff.
Thank you - when I post it, the post will contain a list of charities - when people join the raffle/lottery they would post their transaction id and mention the charity they would like to see receive the funds - count those like votes, the charity with the most mentions will be the one that funds go to.
Yes it could be a good idea but half of the bets going to a third party, it's huge and most people won't be interesting by a house edge as big as that.
20% or 10% would be more attractive IMHO
20% or 10% would be more attractive IMHO
As stated a few other posts up - I would entertain the idea of having maybe 4-5 winners and providing 75%-80% to the winners with 25%-20% going to the charity.
I will be taking zero percentage - some may find that hard to believe but having lost 2 family members to COVID and at least 6 family members to various forms of cancer, I already make personal donations to several agencies. This idea was spurred when I read about an unnamed early bitcoiner that made a fortune and decided to give vast quantities to various charities - while I do not have vast amounts of Bitcoin to do that with, I would like to see the crypto community do something similar - now if I need to offer a prize, so be it
I cannot fault that at all. I will be looking to do this start of September.
At my job - once every quarter - they pass around the option for employees to participate in a 50/50 raffle - where everyone puts in $10 and receives a number 00 to 99 - at the end of the week, the boss uses one of those wire basket ball selectors and selects a winner - the winner takes 50% of the pot and the company puts the other half in petty cash, which is spent on company luncheons etc
Would something like that work here with crypto? Say for example, create 100 slots: 00 - 99 and everyone puts in $10 or even $5 worth of Bitcoin or Litecoin or Ethereum even (I would suggest staying with some of the more popular cryptos) once all 100 slots have been bought - select a future bitcoin block and use the last 2 numbers of that block to determine the winner.
for example:
0000000000000000000c93cdcb0f51dabfc547e4960b84cc675d5407f290268a - 68 is the winner
0000000000000000000a0ab5bf76c9dabbb14d32632efb92e80ff237121d9703 - 03 is the winner
00000000000000000003e4f14676347e82158f367a6657115ab4b3e935bc74a9 - 49 is the winner
The winner would collect half the collected value (could accept is 50% of each donated currency or opt to have it all converted to one specific and take payout) - the other half could be donated to a charity organization - obviously proof of the donation would be necessary. And may need to set up some sort of selection process for choosing which charities. But I see this as an easy way to give participants a chance at winning a decent prize while also contributing aide and funds via crypto to various charity organizations.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
Yes it could be a good idea but half of the bets going to a third party, it's huge and most people won't be interesting by a house edge as big as that.Would something like that work here with crypto? Say for example, create 100 slots: 00 - 99 and everyone puts in $10 or even $5 worth of Bitcoin or Litecoin or Ethereum even (I would suggest staying with some of the more popular cryptos) once all 100 slots have been bought - select a future bitcoin block and use the last 2 numbers of that block to determine the winner.
for example:
0000000000000000000c93cdcb0f51dabfc547e4960b84cc675d5407f290268a - 68 is the winner
0000000000000000000a0ab5bf76c9dabbb14d32632efb92e80ff237121d9703 - 03 is the winner
00000000000000000003e4f14676347e82158f367a6657115ab4b3e935bc74a9 - 49 is the winner
The winner would collect half the collected value (could accept is 50% of each donated currency or opt to have it all converted to one specific and take payout) - the other half could be donated to a charity organization - obviously proof of the donation would be necessary. And may need to set up some sort of selection process for choosing which charities. But I see this as an easy way to give participants a chance at winning a decent prize while also contributing aide and funds via crypto to various charity organizations.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
20% or 10% would be more attractive IMHO
This is still gambling though in a good cause. The only issue is who would organize and facilitate the draw? This could be done in this forum too, with a bunch of trusted members who built their reputation over time and proved themselves worthy of some trust. Anyway, you, the OP can do this and just provide us with a list of charities you have in mind should you continue with the idea. Also it will be good if people can choose numbers for their own at a first-come-first-serve basis to ‘at least’ give a little freedom to participants on this lottery.
Totally doable and a nice concept, since I know most gamblers here are itching to play new stuff.
Totally doable and a nice concept, since I know most gamblers here are itching to play new stuff.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
Yes this is definitely gambling because you put in 10$ and have a 1/100 chance of winning, like any lottery. I think this is a good idea for this forum. There are many trusted users here who would easily function as escrow and another for lottery management. Some part of the winning would need to be used as fees for the two.
The only problem I would assume would be choosing which numbers to pick. Easiest would be if you assign the 100 participants a random number but I bet people would prefer to choose their own numbers. But then most people would try to pick their lucky numbers like 3,6, 13, or 19. It could be hard to fill all 100 numbers.
I do not need escrow (I provide escrow on these forums) I also do not need someone to manage it (I will) and there is no fee for myself - the goal is to raise funds for a charity not myself.
I was thinking to let people pick their own numbers - I do see your point in that some may not participate if they do not get their number - so that would be an issue as well if the numbers were randomly assigned as well.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
Yes this is definitely gambling because you put in 10$ and have a 1/100 chance of winning, like any lottery. I think this is a good idea for this forum. There are many trusted users here who would easily function as escrow and another for lottery management. Some part of the winning would need to be used as fees for the two.
The only problem I would assume would be choosing which numbers to pick. Easiest would be if you assign the 100 participants a random number but I bet people would prefer to choose their own numbers. But then most people would try to pick their lucky numbers like 3,6, 13, or 19. It could be hard to fill all 100 numbers.
I do not need escrow (I provide escrow on these forums) I also do not need someone to manage it (I will) and there is no fee for myself - the goal is to raise funds for a charity not myself.
I was thinking to let people pick their own numbers - I do see your point in that some may not participate if they do not get their number - so that would be an issue as well if the numbers were randomly assigned as well.
Would this be considered gambling? Is there even a chance that this could or would work here on the forums?
Yes this is definitely gambling because you put in 10$ and have a 1/100 chance of winning, like any lottery. I think this is a good idea for this forum. There are many trusted users here who would easily function as escrow and another for lottery management. Some part of the winning would need to be used as fees for the two.
The only problem I would assume would be choosing which numbers to pick. Easiest would be if you assign the 100 participants a random number but I bet people would prefer to choose their own numbers. But then most people would try to pick their lucky numbers like 3,6, 13, or 19. It could be hard to fill all 100 numbers.
Yes that is form of gambling but I don't think it would work on this forum we all know that the percentage of winning is very low and only users will going to join knows that the chance of losing it very small. You could try a small amount may $1 per slot and user might win $99 or maybe $79 and the remaining $20 could be saved for jackpot etc. It's worth trying maybe many users would join and if not you could just refund their money.
you said the chance of winning is small but your suggested fee is 1 usd ? that 1 usd is huge and the prize would be more bigger than 99 dollars because this was a kind of raffle and raffles are simillar to lottery that chance of winning is also small . lotto or any kind of raffle are known to have a high prize . this is gambling and it will work best inside a seperate site and not on this forum
Great idea Mopar , I was trying to work out something similar and had the exact same queries/ headaches.
I’ll certainly buy a few tickets !
If you are still looking for a charity, this is a great one to support
https://bitcointalksearch.org/topic/project-covid-19-a-financial-aid-only-for-bitcointalk-users-5246208
I’ll certainly buy a few tickets !
If you are still looking for a charity, this is a great one to support
https://bitcointalksearch.org/topic/project-covid-19-a-financial-aid-only-for-bitcointalk-users-5246208
Yes that is form of gambling but I don't think it would work on this forum we all know that the percentage of winning is very low and only users will going to join knows that the chance of losing it very small. You could try a small amount may $1 per slot and user might win $99 or maybe $79 and the remaining $20 could be saved for jackpot etc. It's worth trying maybe many users would join and if not you could just refund their money.
At my job - once every quarter - they pass around the option for employees to participate in a 50/50 raffle - where everyone puts in $10 and receives a number 00 to 99 - at the end of the week, the boss uses one of those wire basket ball selectors and selects a winner - the winner takes 50% of the pot and the company puts the other half in petty cash, which is spent on company luncheons etc
While reading this I expected your boss to double the amount, this sounds like a very cheap way for your boss to pay for company luncheons (I did learn a new word!). Maybe suggest your boss to increase the amount and double it into petty cash?Quote
Would something like that work here with crypto?
From what I've seen back in the days at Rollin Lottery, there aren't many participants. Even when it's EV+ (because of a donation added to the prize pool), not many people join. And when people do join, they often complain about the winner.The only thing I've seen that works, is if there's a social aspect to it: active users in a chat for instance, or probably the thing at your job. That may also explain the success of raffles on the Collectibles board: it's a tight community.
Quote
the other half could be donated to a charity organization
If it's EV-, I expect even less people to join, unless you make the charity the main event and the raffle a social thing for joining. Idk much about how the blocks work, or their sequence for that matter, but does it guarantee that all numbers from 0-99 show up on the future blocks? Just asking!
With regards to the possible outcome, yes 0-99 will be available since we will select the last 2 number characters in the blocks. If I am not mistaken, some raffle have already done this and the most famous one is from krogothmanhattan.
I am just not sure if there will be someone that will manage this because it is a big task to manage a lottery, to be always updated without anything to get. Perhaps, we could allot a small percentage of the pool to someone who wants to manage.
Though, I like the idea of this kind of raffle, it will help us allot with just small amount of BTC and if we lose, we know that a charity will benefit from it.
I am not looking for someone to manage it, I plan to manage it myself - Just curious if there was interest and for ideal on how to improve my original idea.
Idk much about how the blocks work, or their sequence for that matter, but does it guarantee that all numbers from 0-99 show up on the future blocks? Just asking!
With regards to the possible outcome, yes 0-99 will be available since we will select the last 2 number characters in the blocks. If I am not mistaken, some raffle have already done this and the most famous one is from krogothmanhattan.
I am just not sure if there will be someone that will manage this because it is a big task to manage a lottery, to be always updated without anything to get. Perhaps, we could allot a small percentage of the pool to someone who wants to manage.
Though, I like the idea of this kind of raffle, it will help us allot with just small amount of BTC and if we lose, we know that a charity will benefit from it.
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