Bitcoin Forum

Economy => Gambling => Topic started by: Erema72 on March 06, 2018, 03:59:28 PM



Title: Honest LTC lottery! Everything is transparent!
Post by: Erema72 on March 06, 2018, 03:59:28 PM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc


Title: Re: Honest LTC lottery! Everything is transparent!
Post by: Oilacris on March 06, 2018, 04:12:00 PM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc
Every month we will announce the winners via the website, twitter and email.The prize fund will be split 70% 30% to the lucky winner’s wallet address. All transations will be shown on the blockhain.

I have a question to this.If 100% of the funds being given in the players then you arent getting any percentage in the total prize pool every month?How is this possible?
Im not really much confident on how you do choose up winners checking the video on how it was being done.


Title: Re: Honest LTC lottery! Everything is transparent!
Post by: Erema72 on March 06, 2018, 04:30:05 PM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc
Every month we will announce the winners via the website, twitter and email.The prize fund will be split 70% 30% to the lucky winner’s wallet address. All transations will be shown on the blockhain.

I have a question to this.If 100% of the funds being given in the players then you arent getting any percentage in the total prize pool every month?How is this possible?
Im not really much confident on how you do choose up winners checking the video on how it was being done.

https://ltcwinner.com/legal/terms/

Managment fee   2%


Title: Re: Honest LTC lottery! Everything is transparent!
Post by: MinerHQ on March 07, 2018, 03:58:26 AM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc
Every month we will announce the winners via the website, twitter and email.The prize fund will be split 70% 30% to the lucky winner’s wallet address. All transations will be shown on the blockhain.

I have a question to this.If 100% of the funds being given in the players then you arent getting any percentage in the total prize pool every month?How is this possible?
Im not really much confident on how you do choose up winners checking the video on how it was being done.

https://ltcwinner.com/legal/terms/

Managment fee   2%

7.3. The process of determination of the winning is at random.

Is there any way people can verify the above process that you're not following any cheating methods to pick whom you want. In order to get success in lottery business, this part is very important because if a user can verify then they will get more confidence in your system.





Title: Re: Honest LTC lottery! Everything is transparent!
Post by: Bitinity on March 07, 2018, 06:02:15 AM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc
Every month we will announce the winners via the website, twitter and email.The prize fund will be split 70% 30% to the lucky winner’s wallet address. All transations will be shown on the blockhain.

I have a question to this.If 100% of the funds being given in the players then you arent getting any percentage in the total prize pool every month?How is this possible?
Im not really much confident on how you do choose up winners checking the video on how it was being done.

https://ltcwinner.com/legal/terms/

Managment fee   2%

7.3. The process of determination of the winning is at random.

Is there any way people can verify the above process that you're not following any cheating methods to pick whom you want. In order to get success in lottery business, this part is very important because if a user can verify then they will get more confidence in your system.

I'm sure there is no ways to verify the drawing process because the will use third party randomizer site to draw the winners and make it live drawing. It is not provably fair system, so users can be cheated easily.
There is also confusing prize split, on the main page it says 70%-30% for the 1st and 2nd winner but on the help-center page it says 79%-19% and 2% for the fee.


Title: Re: Honest LTC lottery! Everything is transparent!
Post by: Oilacris on March 07, 2018, 10:22:26 PM
Join http://LTCwinner.com  now for the ultimate #litecoin prize draw. Every month we have live video draw giveaways, Get your ticket online in minutes for a big payout! #ltc $ltc
Every month we will announce the winners via the website, twitter and email.The prize fund will be split 70% 30% to the lucky winner’s wallet address. All transations will be shown on the blockhain.

I have a question to this.If 100% of the funds being given in the players then you arent getting any percentage in the total prize pool every month?How is this possible?
Im not really much confident on how you do choose up winners checking the video on how it was being done.

https://ltcwinner.com/legal/terms/

Managment fee   2%

7.3. The process of determination of the winning is at random.

Is there any way people can verify the above process that you're not following any cheating methods to pick whom you want. In order to get success in lottery business, this part is very important because if a user can verify then they will get more confidence in your system.

I'm sure there is no ways to verify the drawing process because the will use third party randomizer site to draw the winners and make it live drawing. It is not provably fair system, so users can be cheated easily.
There is also confusing prize split, on the main page it says 70%-30% for the 1st and 2nd winner but on the help-center page it says 79%-19% and 2% for the fee.
This is why i do need to ask on how they would make money throughout the draw since they are partitioning it on 70-30 without even saying clearly on the very first place that they do have 2% management fee. OP should really make changes related to this so that winners wont really expecting to get the full percentage because most of gamblers doesnt really have the time to read up ToS and thats the reality.


Title: Re: Honest LTC lottery! Everything is transparent!
Post by: piloder on March 08, 2018, 10:27:34 AM
This is little bit confusing;

Prize pool is 0.60 LTC however you have only sold 9 tickets for this lottery which means 9 x 0.025 LTC = 0.27 LTC so basically you are putting your own money in the pot or is this just a stats to lure newbie?