Bitcoin Forum

Can you offer some advice on bitcoin lottery? And perhaps good sites.

By the way do you think you have better chances with lottery than with casinos or sportsbetting.

One of the main obstacles in bitcoin betting is that blockchain transactions are getting a bit slower. I recently came across this. Do you know if this could be a site-related issue? Like something with their addresses?

By the way is there an alternative to blockchain?

what do you mean by alternative of blockchain? do you mean block explorer?

https://www.blocktrail.com/BTC

I don't think the confirmation time is related to the address used.
With a standard transaction fee, your transaction will most likely get a confirmation in 10 minutes. But since block finding is random, it sometimes take a longer time, but it is still a lot faster than traveling to Vegas.

There is a a lot of alternative. You need search on google

The chance on lottery is just extremely small is probably not worth it, definitely casinos are way more fun and better to make money but of course sportsbetting is the king if you really want to make profit

Huh, somehow I'm convinced that casinos are indeed a better way to make money... IF YOU OWN IT! Or you find a way to cheat. Otherwise, mark my words: "The House always wins!". Yes, casinos are indeed more "fun" (read it addictive).
With lotteries on the other hand, the chance to hit the big jackpot is indeed very small, but if you're the lucky bastard that hits it, you're done for life with making money :)
Sports betting is indeed a good choice because it involves a combination of knowledge, intuition and luck, but the winnings are considerably smaller than lottery ones.
There's also a combination between lottery and casino, way more fun than casino's actually due to its multiplayer (social) aspect: bingo. It's a sort of micro-lottery,  based entirely on luck (not some "wish-to-work" dice/casino strategy that most of the times, doesn't).

I would say if you set up a lottery right you could make a good amount of money, but personally i dont think this preposition will entice unless you have promos going on :P trust me ive tried it once lol :P

What are you even talking about, did you read the post? He is searching for sites not to make one.

Anyways i wouldnt bother too much on playing lotteries maybe once or twice if you have some spare change

marcotheminer and I tried to run a Euro Millions lottery but in Bitcoin that didn't work.
We then tried a normal lottery with raffle tickets and someone always wins.

Nothing worked for us.

Just try a dice site if you want to Gamble. Your odds will be the same as the lottery when you are playing at 9900X.

At that rate, the house edge means almost nothing.

the bitcoin lottery does not have the huge mass players. so if you ask me if there is a chance of winning it.. id say maybe yes there is. but risking money into those type of luck is definitly not for me. some people are really lucky tho

Based on my experience very few things are luck-related. Everything is a mathematical probability. So perhaps the probability of winning the lottery is better than other types of gambling. BUt the admins of the lottery sites won't leave it all to pure luck too right? 

Block chain transaction can not get slower, the average amount of time it takes to mine a block will always stay around 10 minutes due to the difficulty being changed when blocks are mined too fast or too slow. Addresses don't have anything to do with transaction times as long as you're using the standart tx fee.

What does it matter if it has a huge mass of players or not? Your luck is not going to change if there are more players, you are always risking money in any type of gambling

Exactly, only if someone could tell if the probability of winning in lottery is any better.

There is no advice on betting the lottery for any currency.
You just bet on it and hope for the best to hit the jackpot.

Well, best for doing bitcoin lottery is just do some solo mining. You have a very small chance of winning, just like in real life, but the reward is very big.  Setup your computer to solo mine, it will be a lottery ticket to the "bitcoin lottery". You probably wont find a block with your computer, but who wins a lottery jackpot in real life?
The best thing here is, its free(besides from the electricity bills)

Lmao "besides electricity bills" you can end up paying a lot depending on your country if you are mining all day, you would have paied much more by the time you hit the "jackpot" and bitcoin price is dropping and dropping so i dont think its worth it

well yeah but some say that the price will go up.

HAHA, reasonable, solo mine BTC is as difficult as win a lottery. They are both impossible missions.  ;D  The probability of solo mining btc using PC is less than 1/1000000.

Well solo mining can be hard as hell! But what about if you're into some sort of a mining network?

Solo-mining bitcoin with a PC is more difficulty than winning a lottery jackpot.
Assuming you have a very good GPU, it will probably hash at 600 MH/s. With a network hashrate of 360,495,261 GH/s (from https://bitcoinwisdom.com/bitcoin/difficulty), you will have just 0.000000166% of network hashrate and so 0.000000166% to find the next block.

On the other hand, the odds to win jackpot in Powerball is 1 in 175,223,510 or 0.000000570%.

Wow thanks for the exhausting information. So I guess mining is a lost cause.

On the other hand I've heard some people have made good money out of mining in the near past.

hmm near past ? probably more further than you think :P mining was profitable a long long time ago for miners and a even longer time for home rigs :P

That's so true.
I was mining bitcoin in late 2012 - mid 2013 with my GPU, and it was profitable for me at the time even though I was having not so cheap electricity.

wait why then people keep on mining bitcoin if its not profitable anymore?

I think any dice game is much like lottery game, you can set a very low chance to win, but with very high profit, if you are luck enough, you can win much.

I think for sole individuals mining isn't profitable any more unless you live somewhere that electricity is very, very cheap.

The hardware involved is very expensive, I wouldn't be looking to mine especially with the bitcoin price being oretty low atm.

True. I don't know any Bitcoin Lottery sites because I am not interested in choosing numbers and waiting a day or 2 for the results to come in.

Which is why I think many BTC lottery sites died because gamblers hate to wait. With dice or other fast paced games, one can try his luck every 5 seconds or so.

As for the Mining, companies who have Huge farms are struggling to make a profit due to the sudden decrease in Bitcoin price, so it is not really recommended at the moment.

This were the ones that I started:

https://bitcointalk.org/index.php?topic=915175.0

https://bitcointalk.org/index.php?topic=911052.0

They weren't a success. We tried a standard BitMillions Lottery and a normal raffle type. Your advice is as good as mine.

They weren't really? hmm ok note taken.

I'll truly take into account your advice.

I wont recommend lottery because it doesn't make any scense...but if you like gambling and want to spend money then go for dice...they are 100times better choise to burn your money

hmm thanks for the advice!

Are there any dice games with higher success rate?

There's no such thing as that. You can try your strategies and see what suits you the best but in the end it all comes down to luck. For me I have found Roulette to bring me more luck than any dice.

Dice game is always the same risk and a little depends on House Edge. I play on https://pocketdice.io/ because i like design.  :D

Make sure you get trusted member to escrow, as you can see I got marcotheminer to partake and escrow in them.

well , lottery pure luck games

Thanks for the feedback! I'll try roulette too!

Roulette has a much higher house edge than dice (2.7% in European roulette vs 1% in majority of dice sites), and so you should have better result (I mean, a smaller gambling loss) in dice.

hmm so I will try it out, thanks!

Luck is the important things in the gambling game, not just lottery, i guess.

Yea except sports betting all needs luck.

You don't need luck in sports betting?  ::)

For sure there are some skills needed and a bettor must take into account various factors, such as player conditions/injuries, their past performances, Are they playing at home or away etc. to predict the outcome of a match but some luck factor is always there. So I think it's the combination of both, Skills + Luck.

Yes, it's an event whose outcome depends on various factors and most can be predicted.

For sport betting ofcourse analytical skills are needed but there always you need luck, so it is very close to lottery ;)

Try www.btc4lottery.com a pick 4type lottery site. Giving out free bet. Can use the free bet and try your luck. Nothing to lose.

YES 100% FAIR.

FREE BET STILL OPEN TO ALL. ALL ARE WELCOME.
TO GET YOUR FREE BET PLEASE REGISTER, LOGIN TO YOUR ACCOUNT AND GO TO MY ACCOUNT.
YOU FREE BET WILL BE CREDIT TO YOUR ACCOUNT WITHIN 24HOURS.
NO DEPOSIT NEEDED. FREE BET AND KEEP YOUR WINNING.
https://bitcointalk.org/index.php?topic=1045026.0

Wow great offer! Thanks!