Topic: ▓ YABTCL.com ▓ Instant Lotto with house edge varying from 0% - 1% - page 7. (Read 34723 times)

I will try some bets, hope to get some luck

Yes, in all of our lotteries types players have won considerable amounts.

Someone won from this? Or no one yet?

Glad you liked it.

We thought in lowering it to 1 satoshi, but after brainstorming it a bit, we believe 1 bit is low enough.

If someone presents a compelling case to lower it to 1 satoshi, we will take a look more carefully.

That sounds good you lowered the bet price,

We have lowered the minimum bet in our instant lottery.
Now you can bet as low as 1 bit (100 satoshis)

Our instant Lottery has a variable house edge system. The house edge starts at 1%, but you can lower it up to 0% in the following ways:

Playing our instant lottery:

• If your all your bets in our instant lottery totalize more than 10 BTC, the house edge for your games will be lowered by 0.1%
• If your all your bets in our instant lottery totalize more than 30 BTC, the house edge for your games will be lowered by 0.2%
• If your all your bets in our instant lottery totalize more than 50 BTC, the house edge for your games will be lowered by 0.3%
• If your all your bets in our instant lottery totalize more than 70 BTC, the house edge for your games will be lowered by 0.4%
• If your all your bets in our instant lottery totalize more than 100 BTC, the house edge for your games will be lowered by 0.5%

The minimum house edge you can reach with the above conditions is 0.1%

Losing in our instant lottery:
if you're playing a not automatic instant lottery game or an automatic one without the bet multiplier option enabled:

• If your cumulative losses are greater than 10x the bet value of your next game, the house edge for the next game will be lowered by 0.4%
• If your cumulative losses are greater than 100x the bet value of your next game, the house edge for the next game will be lowered by 0.6%
• If your cumulative losses are greater than 1000x the bet value of your next game, the house edge for the next game will be lowered by 0.8%

The minimum house edge you can reach with the above conditions is 0%

if you're playing an automatic instant lottery game with the bet multiplier option enabled:

• If your cumulative losses are greater than 10x the maximum bet value allowed of your next game, the house edge for the next game will be lowered by 0.4%
• If your cumulative losses are greater than 100x the maximum bet value allowed of your next game, the house edge for the next game will be lowered by 0.6%
• If your cumulative losses are greater than 1000x the maximum bet value allowed of your next game, the house edge for the next game will be lowered by 0.8%

The minimum house edge you can reach with the above conditions is 0%

• If your cumulative losses in our instant lottery are greater than 0.5 BTC, the house edge for your games will be lowered by 0.1%
• If your cumulative losses in our instant lottery are greater than 1 BTC, the house edge for your games will be lowered by 0.2%
• If your cumulative losses in our instant lottery are greater than 1.5 BTC, the house edge for your games will be lowered by 0.3%
• If your cumulative losses in our instant lottery are greater than 2 BTC, the house edge for your games will be lowered by 0.4%
• If your cumulative losses in our instant lottery are greater than 2.5 BTC, the house edge for your games will be lowered by 0.5%
• If your cumulative losses in our instant lottery are greater than 3 BTC, the house edge for your games will be lowered by 0.6%
• If your cumulative losses in our instant lottery are greater than 3.5 BTC, the house edge for your games will be lowered by 0.7%
• If your cumulative losses in our instant lottery are greater than 4 BTC, the house edge for your games will be lowered by 0.8%
• If your cumulative losses in our instant lottery are greater than 4.5 BTC, the house edge for your games will be lowered by 0.9%
• If your cumulative losses in our instant lottery are greater than 5 BTC, the house edge for your games will be lowered by 1%

The minimum house edge you can reach with the above conditions is 0% 
   
Having one of the top 100 scores in our score system:

• If your position is between 1 and 30, the house edge for your games will be lowered by 0.9%
• If your position is between 31 and 60, the house edge for your games will be lowered by 0.7%
• If your position is between 61 and 100, the house edge for your games will be lowered by 0.5%

The minimum house edge you can reach with the above conditions is 0.1%


As you can see, the conditions above were separated in groups.

The bonuses are cumulative between groups. This means for example that, if all your bets made in our instant lottery totalize more than 30 BTC and your position in our score system is between 61 and 100, the house edge for your next game will be 0.3%.

Another example, if all your bets made in our instant lottery totalize more than 100 BTC and you own the first position in our score system, the house edge for your next game will be 0.1%. This is because the minimum house edge between the two groups where you met a condition is 0.1%.

Last example, if you have the first position in our score system and you have cumulative losses greater than 100 times the maximum bet of your next game, then your next game will have a house edge of 0%.

Note: If you're playing a game with 0% house edge in automatic mode, the game will stop automatically if you reach a cumulative profit greater than the maximum payout per bet and the house edge for your games will be raised accordingly to the conditions met in the above groups.

Hey financisto,

Your idea won't work in our investment,

our investment is for our scheduled lottery and it's is different from the dice sites you see around.

The dice sites are instantaneous and have house edge so the house can win or lose depending on the result of the bet. Our instant lottery have a house edge, but not a invest system.

Our scheduled lottery is not instantaneous, and we have a house fee of 4% that we take from each ticket bought before split the remainder into the jackpots.

That's why this idea for the investment in our scheduled lottery won't work.

regards

Congratulations!

Your lotto is one of the few remaining with a good jackpot (>= 100 BTC) over time.

I was wondering some (crazy?) idea: Would that idea of "Margin (Kelly) investing of 10 - 1000%" implemented at 64Blocks.com (a dice game) as explained here ( https://bitcointalksearch.org/topic/64blockscom-the-social-game-multiplayer-play-or-invest-1024458 ) fit your lottery in any way?

That would open the possibilities of higher profits for both sides (bettors and investors) as well.

Dice games are almost like lotteries, don't you think so?

That would be interesting, wouldn't it?

Cheers.

We now have an Instant Lottery. No more waiting a few days to see the result.

Here is how it works:

To play our instant lottery you have to choose 1-16 numbers from a total of 67 available. The prizes will depend on the amount of chosen numbers.

TRY BEFORE YOU PLAY:
If you want to try it before playing with real Bitcoins, you just need to check the option "Play for fun" and you will have 100 Play BTC to try the game and test your strategies.

AUTO PLAY MODE:
We have an Auto Play option with some settings. When you start a game with the Auto Play on, it will stop only when you click on the "Stop" button or when one of the conditions adjusted in the Auto Play configuration is met.
If the Auto Play is on, a table will be displayed showing how many rounds were played, the current bet value, your winnings and the maximum profit got in the current game.

SUPER FAST RESULTS:
When playing using the Auto Play, if you don't wanna wait each round to be played, you can advance up to 1000 rounds per request.

PROVABLY FAIR:
Our instant Lottery is provably fair. Before each game we show the SHA256 hash of the secret that will be used to generate the winning numbers of the next game.
For each game started, we follow the steps below:

    1-Concatenate the secret with himself;
    2-Generate the SHA512 hash of the string got on the previous step;
    3-Get the first 7 characters of the hash got on the previous step and transform it to decimal base;
    4-Get the remainder when dividing the number got on the previous step by 67;
    5-Add one to the number got on the previous step;
    6-If the number got on the previous step is not on the list of winning numbers, add it to the list;
    7-If the list of winning numbers has 16 numbers, go to step 11;
    8-Remove the first 7 characters of the hash used on the step 3;
    9-If the string got on the previous step has more than 7 characters, go to step 3;
    10-If the string used on the previous step has less than 7 characters, concatenate the hash got on the step 2 with the secret and go to the step 2;
    11-If the Auto Play is on: stop if one of the conditions is met, otherwise concatenate the hash got on the step 2 with the secret and go to the step 2;
    12-If the Auto Play is off, stop.

LOW HOUSE EDGE:
Our house edge is very close to 1%.

REFERRAL SYSTEM:
Our multi-level referral system also works with our instant lottery. For each round played we pay 10% of the house edge for the first level, 8% for the second level and 7% for the third level. So if a player plays one round with a bet value of 0.1 BTC, the first level will receive 0.0001 BTC, the second level will receive 0.00008 BTC and the third level will receive 0.00007 BTC.



Good luck for all.

Hi, is this site still functional? any players?

Gambling sites dealing with Bitcoin has a great potential to be global. And no matter how important is the english language, only a small portion of the world population are english speakers. So, we developed a translation system where users can help our lottery (and will be rewarded for it) to turn it the most global lottery in the world.

Translation rules:
    - Retain all strings that starts and ends with '%' (e.g.: 'Tickets price start at %minimumTicketPrice% BTC'). These strings will be replaced by other values at runtime;
    - Each translated string can be upvoted or downvoted by others users;
    - If you find any offensive translation, please report it using the link 'Report' next to the offensive translation.
    - Users with reported translations may have their account suspended.
    - When most of the translations for a language is ready, you can submit it for verification, so we will decide if the language is ready for publication or not.
    - Please do not use machine translation software as translations by these software are, in most cases, poor quality translations.
    - If your language is not listed here and you are willing to help in the tranlation, just contact us and we will add your language as soon as possible.
    - We will reward translators, but we can not guarantee how much or when. It will depend, among other factors, on the upvotes and downvotes, so it may take sometime.

now you can withdraw your free lottery balance to the micropayment cache FaucetBOX (www.faucetbox.com)

We wish you all a happy Christmas and a lucky new year

Implemented the investment log.

Now you can see when you invested, when your account was credited with profit and when you divested.

Only investments transactions from now on will be listed in the investment log.

You can now get up to 10 more extra free tickets in our free lottery totalizing 13 free tickets per day. Play it now to discover how:

https://yabtcl.com/freeLottery.aspx

Good luck

I was watching someone going for that for the last few weeks
Congrats to them for getting that 4 draw
There are still the 5 hits and 6 hits which are even greater amounts.

hey, tks for the suggestion. Actually, there's one item in our todo list that is to implement hourly reports of investments earnings. As we pay investors hourly, we will create a report in the investment page so you can see how much you earned per hour.

This will be done very shortly.



Now, changing the subject:

CONGRATULATIONS TO OUR ANONYMOUS PLAYER 18hTAukUTmG1vciJ86yfZWxwL7sKQXRRea
He played 0.88 BTC and won 2.06 BTC


Come be our next big winner: https://yabtcl.com

Can you include total tickets purchased in the "Draws" information? This would allow an investor to roughly estimate earnings. It would also provide another level of transparency for your company as anyone would be able to calculate how much profit they should have gotten for a previous draw.

yes, we are. There is another lottery that are offering half of our jackpot, but they aren't provably fair

111 bitcoins! This has to be the largest bitcoin lottery currently running. The only other active one I've found had a max of BTC5.