Bitcoin Forum

Economy => Gambling => Topic started by: BitCoinPokerBro on August 18, 2014, 12:22:31 AM



Title: Invest in a Provably Fair Bitcoin Lottery Today 111+ BTC Jackpot
Post by: BitCoinPokerBro on August 18, 2014, 12:22:31 AM
The original reason for this thread was to find invest-able BTC lotteries.

Quote
I'd like to invest in a few bitcoin lotteries.

Does such a site exist?

Here is the result

Current jackpot over 111BTC


Investments are added directly to the 6 correct number jackpot. For every ticket purchase 50% of house profit (4% total house profit) is given to investors (2% or 0.02mBTC/ticket). Based on previous draws an average of 20-100 winners can be expected for each draw. Generally these wins are on 2/3 correct numbers. Drawings are held 3x a week Sunday, Wednesday, and Friday. Assuming this means an average of 100 to 1,000 tickets per week you can expect 2-20+ mBTC to be paid to investors each week.

Investing/Divesting is a bit complicated so let me try to explain it in 4 simple steps.

1) First and foremost profit/earnings are paid to your account balance and can be withdrawn at anytime without divesting.

2) In order to earn 50% profit 1.5 times the investment must be earned. So for example if 1BTC is invested to earn 1.5BTC you actually need to to accumulate 1.5BTC in profit.

3) Here is an example of divesting. 10BTC is deposited and 1.5BTC in profit is earned. You may divest 9BTC for a total profit of 0.5BTC. This is because profit is always calculated on a 1.5x basis. Leaving the total 10 btc invested will eventually net 15BTC in profits. However the total of 15BTC must be earned as commission before withdrawal.

4) Wont I lose BTC if the jackpot is won?

Here is what the owner has to say

Thanks for trying to explain.  I guess my confusion is this, how can investors lose?  Is the risk that on a six number draw where there isn't enough BTC in the pot so investor money is used that someone then wins the investors lose some/all of their funds?

Investors don't take risk as even if someone hit the biggest jackpot they still will receive profit until they receive all their investment plus 50%



They also have a free faucet lottery with more than 1BTC in prizes.

Please consider my referral link https://yabtcl.com/?ref=345


Also note Yet Another Bitcoin Lottery has been running since September of 2013


Title: Re: Bitcoin/Altcoin Lottery Sites With Invest Option?
Post by: dogedice.me on August 18, 2014, 12:55:44 AM
DogeDice.me - Biggest dogecoin casino
BitDice.me - on the way to it ;)


Title: Re: Bitcoin/Altcoin Lottery Sites With Invest Option?
Post by: MRKLYE on August 18, 2014, 04:59:01 AM
pocketrocketscasino.eu offers investing for card games / sports betting as well as dice.
Unfortunately no lotto though... worth checking out though maybe.


Title: Re: Bitcoin/Altcoin Lottery Sites With Invest Option?
Post by: BitCoinPokerBro on August 18, 2014, 09:40:13 PM
DogeDice.me - Biggest dogecoin casino
BitDice.me - on the way to it ;)

Lottery not dice


Title: Re: Invest in Bitcoin Lottery Today! + 1[btc] Free Faucet
Post by: BitCoinPokerBro on August 20, 2014, 08:15:10 PM
Finally found a decent lottery to invest in. Details below

111+BTC Jackpot

This may very well be the most secure investment anywhere within the bitcoin community! Even if the jackpot is hit you still earn commission from invested coins due to earnings being from the house cut rather than lottery value increase. With a guaranteed 50% profit on investment this is a good deal.

Please consider my referral link https://yabtcl.com/?ref=345
Non ref here https://yabtcl.com

They also have over 1btc jackpot faucet which cost nothing to enter for which everyone gets 3 entries daily.


Title: Re: Invest in Bitcoin Lottery Today! + 1[btc] Free Faucet
Post by: Cryptopher on August 20, 2014, 09:15:40 PM
I'd say that guaranteed 50% profit on any investment is a fantastic deal, on any timescale. However I'm always skeptical when I hear "guaranteed profit"...


Title: Re: Invest in Bitcoin Lottery Today! + 1[btc] Free Faucet
Post by: BitCoinPokerBro on August 20, 2014, 09:57:34 PM
I'd say that guaranteed 50% profit on any investment is a fantastic deal, on any timescale. However I'm always skeptical when I hear "guaranteed profit"...

Thanks for the feedback. Your right guarantee's are something everyone should be careful with. Everything has already been explained as clear and concise as possible.

Here is another more detailed explanation of how investing works -

4% Profit is taken from each ticket purchase mBTC 0.02/ticket to each the house and investor. 0.96 is then distributed throughout the prize structure (2/3/4/5/6 correct) or set aside for the next jackpot. Even if the 6 correct number jackpot is won you will receive dividends till reaching 1.5x profit because profit is earned from ticket purchases as stated above. (all of this is explained on site and/or BCT thread) If your still not convinced contact the owner directly for further questions since I can't provide proof till my investment matures.

As a final note YABTCL has what appears to be a decently paced growing community playing most rolls.

Also this site has been running since September of 2013! Exactly how many lotteries were started and failed in this timeframe?


Title: Re: Invest in a Provably Fair Bitcoin Lottery Today! + 1[btc] Free Faucet
Post by: BitCoinPokerBro on August 20, 2014, 11:00:23 PM
Straight from the owner

Thanks for trying to explain.  I guess my confusion is this, how can investors lose?  Is the risk that on a six number draw where there isn't enough BTC in the pot so investor money is used that someone then wins the investors lose some/all of their funds?


Investors don't take risk as even if someone hit the biggest jackpot they still will receive profit until they receive all their investment plus 50%



Title: Re: Invest in a Provably Fair Bitcoin Lottery Today 111+ BTC Jackpot
Post by: BitCoinPokerBro on August 21, 2014, 02:52:34 AM
Either someone invested about BTC1 (without my referral link  :( naw it's ok I don't earn from investments anyway) or a ton of ticket were purchased either way the jackpot is back above BTC111 (BTC111.78 to be exact) when it was down to 110 12 or so hours ago