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In 2017 I sold my house for £2 by selling 500,000 raffle tickets, one winner was chosen and the house was given away as a prize - media coverage here:

https://www.google.co.uk/search?q=melling+manor&rlz=1C1GGRV_enGB774GB774&oq=melling+manor&aqs=chrome..69i57j0l5.1759j0j4&sourceid=chrome&ie=UTF-8 (https://www.google.co.uk/search?q=melling+manor&rlz=1C1GGRV_enGB774GB774&oq=melling+manor&aqs=chrome..69i57j0l5.1759j0j4&sourceid=chrome&ie=UTF-8)

We also donated £40,000 to local charities and we helped kickstart a small raffle revolution (see here for more raffles) https://www.loquax.co.uk/win-a-house.htm (https://www.loquax.co.uk/win-a-house.htm).

Fast forward to today and we are launching a new raffle to win a Lamborghini : https://www.winalambo.net (https://www.winalambo.net)

Through this we hope to help more good causes and also to start a small business offering more prizes on a regular basis.

There are multiple payment options to buy a ticket, BTC, LTC, XRP and many more.

Back later to answer any questions  :)

https://www.winalambo.net/assets/images/example/1.jpg

For proof please see : https://i.imgur.com/YceWtUA.jpg and then do a google image search for my name on the above articles (Dunstan Low)

Is this the car in question?


http://www.electricrideables.com/assets/images/Products/KL7001_2.jpg

Even i am ready to buy this LAMBORGHINI for £2 for my child :)

It's a nice idea, but I'm not really sure why a crypto player would do it. You're selling 900,000 EUR worth of tickets for a chance to win 650,000 EUR prize. While by itself, I'd say despite the huge house edge -- it's probably not terrible -- as you're just buying a bit of fun. However, the part that makes it really unappealing to me is there doesn't appear to be any effort to have a provably fair drawing. Which to me, seems like kind of an easy process: you publish a list of all the tickets, and then take a future bitcoin block hash % ticketNumber to determine the winner.

I totally agree with you on the provable fair side, one issue at the moment is merging that side of things with the legal side, Im sure its not overly complex in itself, however just getting to this stage has taken a while with payments, agreements etc

Hopefully beyond this prototype we can expand in these directions, but also need to consider that the whole raffle wont be crypto dependent as we will introduce fiat payments very soon.

Cheers

I too heard that story to sell off a house using small raffle. However, how do we authenticate that you are the owner of this lottery and you are actually going to distribute the winning amount? Have you got any significant media coverage for this initiative?

0.00056 btc is not a big deal but the authenticity is important!

Excellent! Scammers are lurking in every corner of world wide web. That's the reason for me to ask for authentication. I would request you to add this picture to the original post. Thanks a lot!

No problem at all, thanks for being vigilant, I will add the link up top too.

Cheers!

Indeed, it doesn't have to be necessarily tied to crypto (I also assume that the ticket price varies with the Bitcoin price). Anybody with some appetite for gambling could enter.
However, my concern too is about being provable fair. I'd personally like some updates in that direction.

Good luck.

The issue with this is that most can simply go to a dice site, set a 9900x bet and basically knowing their bet is provably fair and verifiable. And also its instant, no need to wait a few months for a result.

I know that there is a max bet limit with some casinos, but a lambo is currently around $300,000 so about 71 BTC, so its possible to win that much if you are extremely extremely lucky.

The fact that you are donating to a charity is a plus however. I wish you luck in this project and hope it works out for you.

The only other variable is the free entries, if we can find an efficient way to add these to the database I cant see any issue making this provably fair using this method.

Cheers

Wow! This bastard might actually be for real..

Two posts about him raffling his house, and the winner afterwards :

https://www.telegraph.co.uk/news/2017/02/06/2-raffle-ticket-could-win-mansion-lancashire/

https://www.dailymail.co.uk/news/article-5350399/Woman-won-850-000-home-2-raffle-rents-out.html

He does look the same as in the photo, so this could be true I guess.

For the problem of the fairness of the selection, you could just make the database of all entrant usernames/aliases/etc. Each one of these aliases is going to be numbered, in a specific manner as follows.

Once all entrants are selected, assume you have less than a million players. (very probable) All those players can effectively be numbered using 6 figures.

Generate a number for each contestant, it should look like this : 253486, as long as it's unique it won't matter which order they are.

Release the database of each username + number publicly on your website! And you're going to announce the number of a future bitcoin block! Once it's mined, you should check the page similar to this : https://www.blockchain.com/btc/block-height/551955

And that's it, scroll down, you'll see the nonce value. Whoever has a number matching the last numbers of the nonce wins!

If there is no match, check the following block! It usually takes just a few minutes to mine the next one.


Or if this is too much, like, just make a facebook live or something.

I was going to make the point that in UK this is not allowed on pure luck, it has to be skill or knowledge based and then multiple entrants are divided by a final draw -

But sure enough it does seem to follow what I recognise as a legal lotto I've seen a few times operated.    I'd still double check but its a sweet idea both for the seller and buyer potentially though obviously I think he is getting a profit from the sale - the odds given equate to profit

Read a good one about a nice house in the Daily Mail, nice for those sellers as that adds alot of legitimacy to be printed.  I'll try to find it for reference -

https://www.dailymail.co.uk/news/article-6323403/Couple-raffling-3m-home-25-ticket-throw-160-000-Aston-Martin-second-prize.html

Here it is, with car as the second prize in that case.   I wish :)


If OP wants to raise interest just keep posting selfies of yourself on any response you give in the thread, vary the sign maybe include writing on todays newspaper.   People can be suspicious about this stuff, only helps you if appearing to be a real prospect :)

Wow! So cool! Hopefully am going to be following all the process and rules! To some extent i believe you sir! After doing small research and my due diligence! Hopefully am going to win big! Good luck to me! ...lol pls guys this is not a recommendation! Enter at your own risk!

Thanks and good luck!

If you do have any questions I will be happy to answer them.

Thank KingZee, sending to my dev to see what he can roll out on these lines

Good luck again! Also depending on how many people join, you could start the number with a different figure. (If only 100k people joined, all numbers can start with 100.000 up to 199.999 and so on)

This all sounds reasonable and very similar to the last draw. As we plan on adding fiat payments we can allocate an number to each transaction ID whether fiat or crypto and batch in the same way, free entries will require a number but obviously wont have an ID, but essentially this could all be published and a winner determined by a future block.

Not a fan of raffles except when it's for fun, and this seems to fit the bill. Crypto's good fun and you mix the two together you get a veritable salsa mix. Not sure a Lambo's really that appropriate these days though. More like Ford Fiestas or maybe even 2 Opels.

@OP Not reading through any of the links, got a reason why're you doing this? I mean yeah, to help charities and some. But why the hassle of a raffle and all that regulatory and provably fair nitty gritty? Got to be some other itch to scratch!

There is still the question of house edge plus the price changes constantly. I understand that you can literally win a lambo for 2 dollars and it is just a good bit of fun if you wish to do hope for something like that (I would definitely find it incredibly entertaining if I could get the car here but it is not that much easy to send a car from nation to nation so I don't know how it would work even if I win) but like rhavar said it is incredibly high house edge. You are getting over a million dollars in ticket entries whereas spending a lot less than that for giving away the car. Maybe if the price was totaled at something like 700 thousand euros or so (at least 750 thousand if you wanna involve charity) it would have been semi-okay but with 900 thousand euros or so, it makes it a bit unfair.

After the last raffle there was a huge amount of people reaching out to me to raffle their houses or cars or even private islands but alongside this a lot of people copied the model and attempted to raffle their houses. For various reasons most of these new raffles have failed to raise enough money. Ideally what I would like to do is see if this model can scale from a single property to multiple properties and become disruptive in that sense. The logic here is to start small and rebuild a users base and eventually build up to larger raffles or a high frequency of smaller raffles.

Some of the logic also applies to other long term projects I'm working on, they look at crowdfunding in a more conceptual sense as a potential mode for economic growth, social roi and potential new democratic models. These projects are also much longer term, so raffles are a nice and simple format and also present the opportunity to create charitable donations along the way.

Its also really appealing that at scale property raffles can really help solve peoples problems in the face of bankruptcy and create a set of winners that excludes the bankers.

The 450,000 sales is just a max limit, that would consist up up to 400,000 for the car and 250,000 cash prize leaving 250,000 for business dev. This doesn't mean that if we only sold 250,000 entries that we wouldn't give a Lambo away, it makes more sense for us to forfeit earnings and instead complete the raffle. In 2017 we declared the house as the price regardless of any additional sales at around £600,000 raised, we also reduced our share as the raffle went on and increased the charitable donation by a further £10,000.

Its not really considerable on having such big edge.We do know the motive of this raffle and its normal to have deductions but wont really be big as this.
One of the reasons why most people wont join up even the ticket is just cheap but odds on hitting will be nearly impossible (usual stuff on raffles).I agree on the post
earlier instead of lambo, why wont consider to be more practical?

The prize if full target is met is 650,000 euros, this can be claimed as cash only if desired or a car up to 400,000 and 250,000 cash. In what sense more practical?

Cheers

Heres an article thanks to bitcoinnews.com

https://bitcoinnews.com/enter-the-lamborghini-raffle-for-0-00057-btc-while-helping-charity/ (https://bitcoinnews.com/enter-the-lamborghini-raffle-for-0-00057-btc-while-helping-charity/)

Are you even for real? This is insane!! I don't know if this is provable fair or if I'm ever going to look at the mathematical aspects but risking  0.00056 for a Lambo is totally worth it!! Take my monies please :)

Thanks Patatas, good luck!

Yes may be this can be compared because the chance might be the same here but what I do know is that there is not all site that offer that huge single payout. I only think about primedice and not other sites again that can over this huge amount of payout. And you must bet around 0.007 btc just to get 71 btc payout. So yes if you are lucky enough but the chances is really slim to get this

Btw for OP if you are willingly to ask for escrow to hold it then it might be really interesting project to bet

Interesting, Escrow may be possible, I will look into how that could work with fees etc

LOL, ESCROW. Holy shit dude. I'd bet my pants that more than half the legendary users on this forum will scam exit with that amount of money in btc. Fuck man, what kind of people do you think type behind these accounts? Saints? Escrows scamming people has happened over, and over, and over on this forum and yet people seem to think once someone is trusted, they are bound by a holy contract to not lie or steal ever again.

Don't use any escrow OP, it's your money, that's as trusty as it gets. Chances of you scamming people off 2$ each is still existent, but unless your pic is photoshopped and you're not the real owner of the website, and/or unless those news articles are fake information (where both cases are a little too unlikely imo), then you have no reason to scam on this one. Hell you probably make more profit being legitimate than doing that, if you manage to gather enough people for the raffle.

Only way to escrow a raffle this big would be to have at least 6 or 7 people share keys to a multi-sig address, but it's going to be way too complicated, and it's just plain stupid to suggest an escrow for this.

Does the Lambo include the child?  I think I know a childless couple or two who could be interested in having such a little cute boy in a tux.

I was thinking along the lines of escrow.com as an acting client account (forgot this is the crypto everything for the moment)!

I mean I'm just trying to be on your side for a bit here, I don't think an escrow will add any value. It's because I don't believe there's someone that will say : "I would trust escrow.com with 2$, but I wouldn't trust him with 2$." If they DO think so, I'm sure for their sanity, that they're better off not betting off that two bucks anyways.

On the other hand, if you already have the money, and would like to prove that you do, I'm sure there are a lot of other ways to do so, and I can agree that it might raise more interest in your promotion.

Out of curiousity, how long did it take your to raise the the money for the house in the articles? How much did you raise and how many people participated?

Thanks KingZee

Re the house, it took 6 months and 1 week, approx 106,000 entrants who purchased the 500,000 entries and 13,500 free entries. Around 6 weeks was flatlining due to PayPal issues and the entrants were restricted to UK only after the first month, also no credit card access, so only people with funds in a PayPal account. One entrant spent in the region of £10,000. The highest level in one day was day two where around £102,000 came in. I could still see foreign entry attempts that failed, and around 6 weeks prior to finishing the entry level would have exceeded £1.2 million, although obviously this was capped by us to 1 million.

looking at both photos, i realized that the guy in those photos had no eyebrows in either one.

so now i know that you're the real deal, can you raffle my virginity.

haha lets do this

There is still tons of good escrow that exist and well trusted with so many good project still on. And why do they want to get those money away? I know if this is real, then this is really big amount but if there is some fee included then they will of course do it for you. Besides, if OP are holding it then he should give some proof that he is holding it

By asking 6-7 people to hold just for one key to that, the chances is much bigger to scam and they will get it equally

The funds are automatically converted to Euro's, from there they go to a standard bank account, in that sense it would be very difficult to provide proof. The flip side is that it would be insane to do anything untoward with the funds being in the public eye.

The lawyer handling the money would be one kind of escrow I guess, like a house sale done in cash .    I'd worry about the amount of tickets and effective odds more then an outright loss, that must be tempting to just keep selling as many entries as possible.     One way to handle that is to allow a scale up of the prizes, where they throw in a Ferrari as well if enough tickets are there but I understand its already set now.

As a primary car sale in UK is this non taxable btw on a personal basis.  I know classic cars are exempt from CGT

Exactly, we used a solicitor client account on the house sale.

The model for this is exactly as you mention, the raffle scales up, if insufficient entries are sold the prize is purely cash, the next level is a car (can be purchased anywhere in the world), then full prize would be car + cash or an all cash option.

There would be no tax exemption as the car would be purchased for the winner.

RE tickets, there is a max cap of 450,000 to sell, this caps any profit. We can adjust our margin to 0% potentially to help the prize along. In the house draw we adjusted our share down from 30% to 5% gradually, so in the event the house wasn't given as the prize our share grew smaller and the cash pot for the winnner grew larger.

So you are going to send this winning money to their personal account and ask them to withdraw from it right? Then this will be less attractive to most of people here since only some people that willingly to have their account being public, the rest will never give their kyc and stay low

And btw hoe about if there is someone who asked for splitting their winning amount? Is there make any sense here?

Yeah if KYC, publication of name and country is an issue then its sensible not to enter.

Sad situation for those people who would really like to join up but having this restriction will surely make them think twice but well
odds on winning this raffle would really be small but it isn't really a bad idea after all.

If money would tend out to be transferred on winners local bank account then there would really be lots
of things to be settled first.

Most people don't realise this but with most lotteries you agree for some type of marketing and publication. Its written somewhere on the lottery ticket when you buy it.

I don't think the national lottery will post your full name on TV but they might post a photo of you and maybe your first name and your wifes. Since you are a millionaire most people don't have an issue with this.

But I heard somewhere where some illegal immigrant won the lottery but couldn't claim it, so he gave it to a friend who took all the winnings instead for himself.

There is anonymity for some lotteries/prizes depending on your country but you have to check first. In my country, it is perfectly fine to let the company publish only your age and sex, not necessary for face or name (but they will give you a small bonus if you let them use your pics and name). Happens mostly that people don't tell, so the news will be Ex-fireman retiree wins jackpot, and some story about how he chose the number and how he will use the money.

I would never want my name. I'll have 100 friends suddenly call me from nowhere!

The biggest issue in not declaring the winner would be lack of proof that the prize was ever given away. Once established like a national lottery that risk is taken away, in the meantime you need to provide evidence that prizes are being awarded.

This is true, but we never know how things will be going right now, if there is still possible to win a lambo here then it might be interested thing to take a part. Current situation is, there is nothing that we can do due to the fair issue. If you think it is fair and it is a really thing without a scam then go for it. But this is bitcoin world, we really need to get some proof before getting into this kind of situation

All very true issues. Obviously I have completed a large raffle before and been subject to scrutiny from the Gambling Commission, appeared on live tv globally, featured on the BBC One Show etc

Here is one of many videos :

https://www.dailymail.co.uk/video/news/video-1621402/Video-Melling-Manor-previous-owner-explains-raffle-tickets-competition.html

There is actually a video of the draw somewhere, here you can see the episode isn't available at the moment, but this was the show we featured on :

https://www.bbc.co.uk/programmes/b0916hlt  "Plus one lucky woman won a huge mansion for just £2,"

Cheers

The odds of winning with just 1 ticket is so remote but I did have that once happen to me, the best prize in the raffle when others got 20 or 30 tickets.   Unfortunately this wasnt for a car or house, just an expensive choc egg lol

My BTC wallet has a silly thing where it always leaves change in there and wont let me empty it exactly so I have a good excuse.  Unfortunately that figure right now is .0003 + digits but next time I'm buying something else I'll remember to let it leave .0005 plus change and then enter this with a low priority transaction

Nahh, this is bitcoin world, so anything can happen right away. Assume that you have done something good before, may be this can be your proof that it is exist. But still I can't believe that someone really win that huge amount? I do not think that she used only 1 tickets there, she must already buy a lot before she got that mansion right? And again in bitcoin everything can't be tracked so if you lost this then it will be gone forever

Thats fine, and understandable.

The winner purchased x20 tickets, so £40 in total.

Cheers

Hmmm. The prospect of winning Lambo with 0.00056 is quite enticing. Though my favorite car is Rolls Royce.

How many participants have you got now? Do you think you'll get enough participants to pay for the Lamborghini?

At the moment its very low level as I haven't done any serious press releases. We are just working on some FIAT payment methods in the first instance and then will push and update stats here and on the site after we get some traction.

Cheers

Idea was not bad. You got huge profit more then price of your house, and someone got a house for £2. I have checked on news just now from your link. However seems you are going to do another raffle draw by website. Its good thing that peoples could participate by crypto-currency. I have visited your website (https://www.winalambo.net/) maximum paid entry is 450,000 and last date of entry 28/05/19. What will happen if you can't sold all ticket? I expect you will able to sold by the way. Best of luck.   

Oh come on mate, don't be so pretentious. We can win a lambo for just 2eur so why not? just imagine it! We wouldn't get bankrupt for just a small of eurs, don't we?

https://i.imgur.com/a8SToY5.jpg

I'll take this one please though its not a bad idea to make a fast car in the brightest colours possible so as not to be missed in its trajectory.   TBH something this fast can never be used on the road for more then a gentle cruise


Yea Im not a fan of that as you will get hassle and targetted sellers even in the best scenario.    I believe some lotteries its an optional thing and I'd definitely opt for the quiet life as too many people got a lob sided view of wealth and 'you can just buy me free stuff cant you'.   Anyone rich is already buying free stuff for government via lots of taxes, dont worry about them.   The real super rich buy an island or similar holding and avoid most taxes.

 Payment amount is 0.00066577 BTC right now btw, there was me thinking it was at a fixed BTC amount :)

Yes BTC dropped alot in value, one reason why its not always a great store of value.

Regarding the public lottery winners,
Its basically like that movie with Nicholas Cage, I think it was called "It could happen to you" and basically in the movie people were calling him at 3AM saying "You won the lottery, give me some money or I will shoot myself".

I made a similar mistake telling people about BTC since 2014. Most people laughed but in 2017, they were literally calling me and they didn't beg for money but were like "Yo! I need money, give me $3000 you got lots with Bitcoin, share the wealth".

Since it was stated that the ticket is 2 GBP and people will also pay with fiat, the only fair thing would be to adjust the BTC price by the market fluctuations.
Actually that's one of the reasons I didn't purchase tickets yet, I am confident Bitcoin will rise a bit, so I'll pay less BTC for those :)

What do you really expect when you said this? 2 euro per tickets so there is no possible to have 1 tickets that can win those lambo, you need more than one ticket to win and when you spend more that means you already using more than one ticket so I do think the chance is really small to win this

And like I said before, there is no solid proof that he has that car, he should at least proof something here

He doesn't have the car, the car won't be bought until after the raffle is finished.

Go to the website: https://www.winalambo.net/

It basically says that it will be bought in your country up to 400K euros.

The way that regulations work in various countries it wouldn't make sense to buy one in Europe and have it shipped to USA where it might not pass regulations. Especially the emission regulations which are very strict in certain states like California.

I remember in 2016 even, this was about the time some newspapers in my country ran small Bitcoin news about people getting cheated from face2face traders using counterfeit cash to buy, and others robbing the buyers who wanted cheap Bitcoin. And all the guys in the office were saying what idiots people were.

These same people bought crypto themselves in 2017, some even bought REAL COINS thinking that was the crypto being mined haha.

And they made so many friends and became so popular even though none of them actually won anything. It's funny how the world works. People are so in love with rich guys or guys they THINK are rich!

Can you be more clear in your provably fair system?


How you get that random number and how can be sure it couldn't get rigged?

We are now accepting fiat payments for this competition

Also some press coverage :

https://www.lancasterguardian.co.uk/news/man-who-raffled-off-his-845k-lancashire-mansion-is-back-with-a-lamborghini-for-1-80-1-9686960?fbclid=IwAR2P_6sGzNKNhy2YAj0vkhCVu5-NMpqKwMB-TDWkERSs3Lan2pJKk48qEEc

https://topgear.nl/autonieuws/lamborghini-kopen-voor-2-euro/

https://www.msn.com/nl-nl/auto/nieuws/lamborghini-kopen-voor-2-euro/ar-BBVxE49?li=BBoPOOe

What is the likelihood that you will extend the acceptance of entries up to 6 months if you will not hit the target max number of entries at the closing date? As of now, what is the approximate number of entries that are already in your system? Can you disclose such number?

Extensions really depend on the pick up.

So far we have had technical/payment provider issues slowing us down, so the real launch (with fiat) only really started yesterday - eg when we sent out first press release.

As of now we are on less than 1k entries within the first day - there are a lot of pending entries so its difficult to say exactly at the moment.

I expect that an extension may be likely, but who knows with press coverage, one day on the house raffle alone brought in over 100k GBP.

If I understand this correctly, you sell raffle tickets and when you have covered the expense for the prize you keep the rest of the proceeds as profit. Correct?
At no point in time, you're actually acquiring the prize first?

Have you ever considered explaining what happens if you do not reach the minimum sales required to even buy the prize?

At first glance, I didn't see anything like that on your website either.

As usual, it will surely fails off and thats why they do already come to a point that they are accumulating tickets basing on fiats but still a long way to go when we do talk about those luxury prices.

Isnt this how most if not all raffles are held? They raise enough to cover the cost of the prize and pocket the rest. Even the states lotteries do this and they dont even have grand prize winners everyweek or they would go broke.
It is all staged when it comes to these or any other sort of raffle with high cost prizes to given out to the winners.

The problem comes when the cost of the prizes offered is too low and profits are already very high so its not anymore fair for people to participate. I am not saying this is happening here, it was just an example.

that is the main goal of raffles. they wont give the prize unless they already raised the corresponding amount plus more for their expenses and other things.

and an excerpt from their terms =

https://i.imgur.com/Bseow2c.png

there are other things discussed under the terms section. so basically they will not give this lambo without assuring that they acquired the funds first...pretty simple

I had hoped the crypto price was hedged so it stayed fixed entry cost.    I guess now crypto price rose, the entry fee for this has dropped so its actually a positive to enter now rather then previously.
Whats the latest cost to get a ticket, how often does it update.

Its a given they wont raffle till its paid for

Hey I read few posts from the start I see you have uploaded your photo here to prove you’re authentic, but that was few months ago and yet you’re unable to give away the car away why?. I’m hoping people who have brought your raffle can confirm their entries, and that you have been in touch with them. Also im I’m unable to understand will you ship the car, or you’ll pay it’s equivalent in cash? and what happens if you’re not able to meet your target?.

Well you picked a good time to do the promo since BTC finally started rallying a couple of days ago.

I think with Bitcoin back on the mainstream news and this press coverage you should eventually sell enough tickets. However I don't think 1 month will be enough time and like a previous poster mentioned it might take between 3-6 months to sell enough tickets to have enough funds to purchase the car.

Lambo and Bitcoin were always a meme and should generate press coverage easily. Wait until BTC breaks $6K and then go advertise on /reddit/Bitcoin and you should get a surge of entries.

Good luck.

You know what? I think it's great to see the thread is getting a mini revival. Now that people are getting their hopes up for another bull run so soon (come on guys, 2020 maybe but definitely not this year ;D ) maybe they're all getting interested in Lamborghinis again. My feeling? Gamblers are also the same. They feel happier when price is high, whether or not they really have more money, their Bitcoin suddenly looks more attractive. I can buy 20% more tickets today than just a few days ago.

Is this open Internationally? example if the lucky winner is from Asia. Its free delivery? Or can the winner convert it to fiat currency or BTC?

You are too lazy to do 2 clicks to read, aren't you?
Your questions are answered in the terms page.
Let me paste it for you:

That's the idea it won't start unless every ticket equivalent to lambo will be covered, then they will start the draw if I pick it up correctly, great update
seeing the market is rising and bitcoin value is showing good run, so people who will see this might be attracted with Lambo thing and will try their luck  buying tickets and wait till the final draw will happen.

I am not going to even go into detail about how horrible this idea and how it could be taken advantage by the people who run it, that has been talked for pages and nobody has a single reason to trust these guys, if you can please never even visit the website.

Nonetheless, the most shocking and horrible thing we can talk is the ticket pricing, it says 2 euro per ticket for CRYPTO PAYMENTS and 1.8 for the others. Dude we are in crypto world, if you are going to make something like this and than publish it here and than ask for MORE money when paid in crypto people will see you as a scammer very easily. Hell dollar and euro payments in fiat is a lot worse with fees compared to bitcoin whereas with bitcoin it is so cheap, why would anyone charge crypto more than fiat.

I don't know if this is real or what but I can say that this thing is a great opportunity for all of us since, we're just focussing and saying "when lambo," "when moon." But we never know that this could make us own a lambo for ourselves.

Here's the thing about this raffle. Let's say the fulfill the maximum entries(450,000 entries). If we will multiply 450,000 x .00056 = 252 Bitcoins. 252 x 5000 = 1,260,000.

€400,000 + €250,000 + €10,000= €660,000 = $740,323.22 the equivalent of 660k euro.

1,260,000 - 740,323.22 = $519,676.78 they'll be having this amount just for processing the payment for the Lambo and just for holding this event. Although if you submit at least 2 euro, it's not big enough though but the chances of winning is too low.

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NOTE: THE COMPUTATION WAS RAW AND WAS BASED ON THIS SITE (https://www.winalambo.net/). JOIN AT YOUR OWN RISK. IF YOU ARE TO JOIN, GOODLUCK
IDK EITHER IF THIS COMPETITION IS STILL ON GOING

Chances, the gods of fate will guide your hand to winning entry onto the steering wheel where your destiny always lay.  Only one ticket is required to fulfil what always should have been :p  On the other hand some must buy all the tickets and somehow would still lose, I cant tell which path you are cast on you must reflect and focus your chi before considering this venture

Its not a scam if the premium is stated openly, honestly people should only enter  a ticket or two or whatever is spare.    Lots of companies have premium to deal with crypto, not saying its ok but only competing ventures can really bring that % down rather dismissing the proposition altogether.
I have won a grand prize with a single ticket previously, sadly it was not a house or Lambo but nothing is impossible.   If you really dislike this one on grounds you can contrast it to the comp run by freebitco but I think the odds are longer on that one maybe

So, where are we going to send that 0.00056[
Already found it. :P I was too lazy, for hoping that it will be having the BTC address here at the thread.

quote author=r1a2y3m4 link=topic=5077095.msg50459559#msg50459559 date=1554395080]
JOIN AT YOUR OWN RISK.
[/quote]
Seriously? Is there a lot loss on making a bet with your 0.00056BTC? Come on.

I think that you've started it wrong.
The raffle is not crypto related. The price is also not crypto related. Just crypto is also accepted.
One ticket is 2 EUR, no matter how big or small Bitcoin is. That .00056 is already incorrect. The target is 900k EURO, not 1.2M. And so on...

The logic is, on the other hand, correct. They will indeed keep quite some money for themselves. This happens with all lotteries actually.

This is not surprising for lottery-operated business. Sometimes they can rake a lot of money if their contest will be a hit. If they will sell the tickets slow or not reaching their min target entries, we might never see this lambo. The realization of this raffle depends on the money that will be raised.

What an edge huh.!  8)

Theres no dumb person that betting out 2 euro ticket would say to win such prize but atleast you have that chance of winning even its already on
nearly impossible thing to happen.Its much better compared to those who havent purchased one. Wondering if this raffle is ongoing?

seems ongoing. the above post was his latest here in this thread. of course, at the end this is all about money. and more then likely they are getting the big chunk out of this if will be a successful one. we wont know whats gonna happen afterwards.
people can always participate this raffle contest at their own risk. anyway they even have that statement on their website

Okay if they are still on going but i doubt that people would still hesitant to give out even 2 euros. Handling lotteries sounds easy but accumulating large amounts to unknown person
on net isnt really that ideal at all.

I think they will continue going on until the money is collected, they can't just cut it short or have time frame because they need the money to be paid to them in order to buy the lambo anyway, I don't know if they will give the lambo away (would be costly overseas) or they are willing to just give bitcoin worth of it so they can be done with this in just one transaction but I am sure they would prefer the winner to get lambo literally so they can showboat about how it is real.

All the provably fair discussion aside the fact that they have such an insane house edge is just sad, I mean you could just drop the house edge insanely and still make a lot of profit and the time for the end of this lottery will be so much closer, even maybe today if they collected enough, no reason to postpone it just so they could have more money.

This was already discussed a few pages back and on the website. Basically they will not be buying a lambo and shipping it to the winner. They will buy the lambo in the winners country.

Due to regulations and how they vary from country to country it would be very difficult to get a Lambo registered in USA if it was a Euro spec model originally.

Also the prices of vehicles also vary country to country. A lambo might be cheaper in USA as compared to somewhere in Europe or Asia. So they are better off hoping that the winner will be located somewhere in North America and they get a larger house edge to keep for themselves.

They need to make a contest to attract more gamblers to play the lottery so that the money will be raised in a big amount. All in all, that will be big money for the winner, and I guess that person who can win the lottery will become a wealthy person in his town.

If I win, I WILL WIN! I will be the richest man on Earth, in terms of inner state! And so, the richest in the area) That is also not bad
And that's how they will look at me from...

https://i.imgur.com/GgkhYIX.gif

I say go for it as long as this contest is run transparently as other posters have mentioned. There should be a way for participants to tally all of the funds and the distribution.

The question in here is, is this contest still runs? Can anybody confirm that this contest is still on going or not?

I guess it would have been horrible if the market went the other way if they kept the coins. Think about it now we say that 0.00056 or 2 euro which one is the real price for a ticket and if it is crypto they did made a profit and I think they do kind of deserve it (they could still give the right price of how much a person spent on a ticket via btc and just cut the contest short and decide the winner) just because if the price also went down then they would have lost a ton of money.

What if bitcoin reached to one thousand dollars? Then we would be telling them how it was their responsibility to give a lambo anyway and the price wouldn't affect the results but they would be in debt in that case, that is why if we are not going to let them get away with it when price goes down we shouldn't when it goes up.

The site is up and running and by the looks of it the lottery is still going on. I don't think I can join the lottery here since I hardly knew the site. I'll be doing some research first before joining.

Anyone knows how to check how many entries has been made so far? I cant find it on the website which is obviously fishy, lottery should be transparent. Means that the number of entries should be announced publicly and updated regularly. To be honest, I doubt that there are many entries already as the lottery (to draw the winner) is not provably fair. A big chance for the owner to manipulate the draw. Also, the site is going to take so huge fee from the total entries. 24.77%? Must be the highest lottery fee ever...

Lottery system is very difficult to win as so many people tries their luck in it and only a few can win. I am really not fond of lottery as I think it is almost impossible to win when there are already so many contestants.

Since this thread is been clogged by many replies, I hope that the OP could go online in order to answer questions regarding their site. And to prove that this could be true. And have you calculated their kickback on the bets? I know that it is normal for a lottery business to have this kind of scheme but it's too big. But if you win on this, you have your dream come true.

..this is an old thread..i don't think that the author of this thread is still active..maybe he needs to be online and be active to answer all the replies of our comrads..be careful everyone..we need to think first and do some research before sending funds to this..its kinda fishy..and I think it is not crypto related gambling site..

Since OP didn't reply to this thread anymore i guess it's time to stop believing what this thread is saying since he doesn't bother to reply any of their questions. And since the market is in bearish trend i don't think the price would be the same as of 0.00056 BTC that OP mentioned.

Its still on going and this is the last or recent reply of OP, so its still ongoing.

Where we can check on the funds being held with this lottery?

Well, the owner of the website and the creator of this topic was last active on April 3 which means he does check around time to time. He just commented on the fact that they are now taking fiat currencies for it as well which means just 4 days ago they have added a fiat option, for someone who adds fiat option as payment for a lottery to win lambo just 4 days ago I doubt they would be not keep going with it.

Why would they leave just 4 days after adding fiat payment, I mean if you are questioning the provably fair and trust of the project that is another topic and you can definitely ask that but not continuing with the project is probably not the case, they are active. From msn to top great to guardian they have been published about and I believe it will be going on until the money is all collected.

Only OP can answer and verify this question, we need to wait for whoever representative to answer all those questions regarding to to this contest /draw as we can see that Bitcoin once again is trying to rise up,good chance for OP bring some updates here.

I think that taking your chance to win such prize in a lottery would be great. The price of the ticket is fixed at a certain amount? The price of crypto varies from timw to time so I guess the price of ticket paid via crypto should depend on the current market price. The lottery should also be provably fair, not just a random draw.

Is this already life and I can buy this ticket or is this still only a plan and OP wants to talk about this with the community?

I just couldn't believe it and check the story about the house raffle and it seems to be the truth.

There are media coverages and many ongoing raffles on the provided by the OP page but not only I found a few services which are selling such tickets in many different raffles from homes to cars and everything in between.

I don't post links here because I am still not sure if this is not a scam. What do you think?

So far as I know its legit, when I first took a look at it the whole thing seems to be in line with the previous lotto.    Whether its good value is another matter but a few tickets are hardly a big deal.       Its a boring reality that you are probably better off gradually saving all your pennies, all the money you might waste on lifes unnecessary expenditure and put it towards a nice car.    It will take most of your life perhaps but quite a few will one day be able to afford the luxury motor at some point and also meanwhile you might get interest on the money.
   However I dont think its such a bad thing as a one off, you could say its very likely legit because its profitable and the motive to run this lotto for the lambo is open and clear in that profit.   Same for other types of gambling, so long as they get the sales then actually not being legit is the stupid choice when regularly running a gambling operation makes money simple as that

I keep thinking if there are no limitations to some countries which can participate.

If somebody from another end of the world wins such a raffle is there no problem with the regulations?

I don't know if a citizen from every country can own a home in UK or USA, I don't think so and I haven't seen any limitations for some countries on the page provided by OP.

You own the home, you just might not have the passport to live there.    Its common in the UK for property to be owned by foreigners (at least some areas), its considered a good investment due to long term gains that have occured in UK.   There is a growing population unlike some countries and despite all the worries in the news recently its one of the worlds richest and safest places to own property or many assets.   I believe London property is popular with Chinese investors, its complained about perhaps but theres no law against simple capitalist ventures like that.   Investment is a positive and part of capitalism, theres no real negative or reason the lotto of that type couldnt pay out so far as I know - private property in protected in law and you'd have to be some kind of criminal to be treated differently even foreigners have legal rights to own afaik.  Law cases are often settled in UK for these reasons, finance is favoured here in a similar way and they dont just curse or mistreat foreign owners because they can as its literally going to damage revenue for government, its a point of pride put it that way.   Worst case is they put it up for sale and deal with perhaps storage costs on the Lambo meanwhile, still a win

UK has an advantage over USA for housing, no taxes on empty addresses.   I think USA might have the better weather for long term car storage though, I presume a Lambo is indoors most of the time anyway though

Thanks for this explanation and indeed it makes more sense to me now.

But still, I have some doubts because I am sure that not every citizen from Afganistan or Irak is able to legally own a property in the USA, UK or from any other country they are at war right now.

That are the countries I am thinking, not EU or even China as you see but I didn't want to mention them to not upset anybody who is living there.

So you are saying that it is possible to have this lambo, even though they are on different country? And even if the country does not have this car produce? Anyone may participate on this for sure but not all country are accepting or even have this car allowed on their country. And btw how long until this is going to withdraw? If I am not mistaken this has been really long and yet they still do not achieve the milestone yet

We just need an update from the owner on how it is going, like how much has collected and how much is left and what we can do to finish this quickly. What we do not really focus on here is that if this thing is real and if the winner really gets a lambo than by all means when he tries for a second time around he is gonna get to lambo prices tickets sold much faster, and on his third time its gonna be even faster. Basically the more lambo's he gives away from this the more tickets he will sell and much more quickly, so if he has even slightly over lambo prices than he should just close the deal and decide on the winner in a provably fair way (so we know he is not like giving it to his brother or something) and than we can look for the second one right afterwards.

The topic is very big guys. Can anyone tell me. Did you manage to win Lambo?
I heard a story about a house played in a lottery. I wonder whether it turned out to do the same with the machine?
Or the author did not finish the job?

The lotto is not finished and they dont have enough tickets sold, all that is in the T&C and is fair enough.    The house lottery should be a matter of public record and was previously run successfully, it would be good to confirm that properly though if you are buying alot of tickets.   Its a legit enterprise so far as I know, some might be rich enough to just save up themselves sadly I'am not not just hopefully lucky :p

The contest is not yet over! The OP should give us updates though. Wondering if people are still attracted by this type of lottery?

I am pretty sure you can own a Lambo in any country on the planet. However there are emission regulations and safety standards that vary from the European and USA markets.

This is why sometimes there are different engines in different cars due to these regulations.

So you can easily buy a lambo in Europe, ship it to USA and drive it there. However you might have to spend thousands in modifcations to make it road legal. Basically only possible at a Lambo dealership and it won't be cheap.

So it makes more sense to buy the lambo in whichever country the winner residences and that way they can easily get the car tagged and insured. This is the smart way to do this raffle. The house situation was entirely different, its very difficult to move a house.

I do not understand why it has to be a lambo, I know the whole purpose of the website is a lambo but why not just give the lambo money ?

In my country car taxes are so high that even with the full ticket prices and all of it sold you can't buy a lambo, what are the owners of the website thinking about doing in that case, since lambo has no place here and you have to both get it shipped (none exists here for brand new, you can only buy second hand here) if you want to get a brand new one and that purchasing and shipping and paying taxes and putting proper regulations on it all together costs probably around twice on my country for a brand new lambo than in many european countries.

So, instead of actually trying to get a lambo why not just give the winner lambo amount and tell everyone you paid lambo amount in certain country and be done with it? Sounds easier and doubt anyone will care.

Is there anyone who already won the lambo? It's too much of a prize for a raffle draw. Anyways, I hope you're not going to scam people.

Raffle is not my kind of thing even if you the items to be won look flashy because the probability of one winning is insignificant and to me it is a waisting of money no matter how small is the amount.
The authenticity of the site is still yet to be a certain as some above have raised issue in relation to the legit of the site.

I just saw a newspaper article on the house lottery for a million dollar riverside residence/mansion and how it turned into a cash draw. will post shortly.    Here we go, found it in my browser history from national newspaper in UK and this is for a lottery regulated by UK law.   It does sound a bit off in the details ( I wouldn't be happy either) but basically they didnt sell enough tickets in this scenario:

https://www.dailymail.co.uk/news/article-6911209/Couple-failed-raffle-Mega-Home-property-sale-2-5m.html



Its the same one I referenced on the front page actually.   I have seen a few over the years resembling this

This is a cool promotion to be honest but can you show us the proof that you will really give the Lambo to the lucky winner in August 2019? It will look shady if there are no proofs so you should be more transparent because you are giving away an expensive prize.

Its regulated thats the point, thats the thing to check if you are really concerned.     I spotted another similar raffle in the news today, not UK but this one is in France, of course that regulation could also get in the way but generally its going to be a point in your favour as the consumer -

French law is different to UK on these matters, generally UK is more open but its a similar kind of deal to sell which can be good for both parties depending on the odds given I guess

And this situation would really be just the same on this one if they wouldnt able to reach out sufficient ticket being sold. No draw would surely happen yet
funds would be used on purchasing that Lambo is primarily needed.If theres no participants then it will definitely 100% surely fail.Surprise me.

Transparency is always been preferred but it seems op have no interest to show it all. lol

Yup it's cool but hope that it would really go well ,
I hope that we could be updated on things about the raffle and how much did they raised already.
And I hope they could post the winner of the draw in this thread once it is done.

I guess you will need to trust that he is the one shown in those articles linked in here. Or maybe we can authenticate his picture via those news sources? Telegraph is that? Maybe he can ask them to do this. But I think he will not want that, since he says he will not release to press yet without fiat incoming.

If the OP is saying the truth then this would really be worth to join it would only take 0.00056BTC just to join the raffle .
It is a small price for a huge win but for sure there would be a lot of ticket so the chance is to small too.

The difference between a home and this system (even though I do not like to actually sound like I am defending OP because I don't know him and wouldn't defend some stranger) we can end it whenever we want. So, lets assume I put my home on a raffle, if I give a deadline than I have to give the house to someone eventually, however if I say "the raffle will end when all tickets are sold" than I do not have to worry about losing money at all.

This couple missed that chance, if they opted for the second option they could have waited years if they have to and than give the home to the winner but they had a deadline and that is their trouble. OP here basically said it will continue forever until all tickets are sold and when they are all sold he will have money to buy a lambo for the winner.

Made researches about the house lottery and I thought so that lottery is legitimate. But, I'm really don't know about this one. What if somebody tried to used the person who won the lottery to that house and just put his face in this lottery.

At the start of the thread and if you check the link, the OP did prove he is the same guy who previously ran a sucessful lotto like this.    I recommended posting more then one, maybe holding todays newspaper with your Bitcointalk id on the front page and so on.   I think its legit tbh

Yea I did think the price was just frozen but actually the price to enter changes depending on BTC worth at that point in time

This is a great chance for members who are in the UK and win a lambo now. I'm not saying it's a scam, but the OP has posted proof in the first page when someone ask for it. So this could be legit and we will know everything in four months time.

I would like to join, unfortunately, I lived outside of Europe and I don't want the head ache of paying huge tax here (could be the same amount of that lambo!). But I'm going to root for my fellow bitcointalk users to win it.  ;D

Although it is a small price, I wonder how much money you will use to buy that ticket because I don't think that you can win that prize unless you are a very lucky person in gambling.
It is hard to win the prize with only 1 ticket, and we know that too.
I guess that many people will buy the ticket as much as they can because the prizes are very expensive.

The trouble here is not the idea, the idea is great and if its done properly it would both make the operator rich all of a sudden and it would totally give the winner a lambo so there is no losing on this, maybe people who bought a ton of tickets and didn't won could be upset but that is about it, everybody else who got max couple of tickets would be fine with the result too.

The problem here is the fact that the owner is not very active and he just doesn't care about this topic, we do not trust him, if you are looking for lambo+expenses+profit type of amount for your lottery than you need to be trustworthy and you need to make everyone believe you are telling the truth.

Look at freebitco.in they have exactly the same thing, they are giving away lambo and they are going to sell tickets for it and I can guarantee you I will buy those tickets the first second it comes up because I trust them, not OP.

Just like playing inside a lottery where the pot money already have a huge value, chances is slimmer while the prizes are getting higher, but you are correct if OP's is saying the truth, this lambo or the value of this lambo is really huge for the ticket price just if ever you are really lucky to win against those who also bought and play with you.

The problem here is not that if its worth it or not. For a chance to win lambo spending just 0.00056 is basically nothing, you can buy even multiple tickets to win it because the reward is just so damn high. There are two problems with this lottery that is the reason why its not a global phenom already, first is maybe the winner doesn't want the lambo but the amount of money, not everywhere in the world lambo is the same amount so asking for bitcoin instead of lambo would be a great option to add, freebitcoin has a lambo deal as well and they will give 200k in bitcoin to whoever wins it instead of lambo (at least give that option). Another issue is we are still not sure how trustworthy OP is, I mean he had never done something like this before so how could we trust him?

The OP held a similar contest before with a house and he basically doxed himself with a photo somewhere in the first page of this thread.

I agree that it would make more sense to just give the value of the car instead of actually buying it. Since the car won't be purchased until the contest is over and purchased in the winners country of origin then it might be possible. However I didn't read the terms and not sure.

Some contests don't allow to take a cash settlement because they use the car with a winner present in the photo for publicity reasons.

However like you mentioned before the price of cars varies country to country and it might impact the final price and what percentage the OP will take as profit for holding this contest.

Say if he chooses a winner from USA then he will have more profit than a winner from say Australia since the cars cost more there.

I have not seen that house lottery thing before, if you have the link for that and information about it could you share it? That would make this one much more believable and more people could join in if they knew he did something like this before and actually went with it or not.

I am not against actually getting a lambo anywhere in the world, that is the marketing stand point but the problem is what they are suggesting as price of a lambo is not the price of a lambo in many places in the earth, there are no brand new lambo sellers in some countries too so you have to ship it there and considering all these plus taxes as well, it just doesn't make any sense to me. Just give the bitcoin worth of the car and be done with it, simple as that. Just give the person money instead of lambo and prove it here by both the OP and the winner.

The chance to win Lamborghini in this lottery is much less than to win the plane on which you fly on the air ticket. Do not even try to do it. I think the lottery has not yet taken place for precisely this reason.

The winner here will be so lucky in just an amount of 0.00056 BTC you can have a chance to win Lambo that is a serious car right there. A big replacement for a simple 0.00056 BTC results to a Lambo Car.

Ok so granting that I won the Lambo, so how is it going to be shipped to my door step? I tried to read the rules and I checked that the promoters will shoulder up to 10,000 Euros only or equal to 11,300 USD for the expenses but how much will it cost to ship that Lambo from Europe to my country which is the Philippines. I hope its convertible to cash.

The OP doxed himself here by posting a photo of himself,
https://bitcointalk.org/index.php?topic=5077095.msg48307204#msg48307204

And here is the article and if you scroll down there is a photo of him in it,
https://www.dailymail.co.uk/news/article-5350399/Woman-won-850-000-home-2-raffle-rents-out.html

From what I can tell, it looks like the same individual.

Given £40,000  for charity is really a great help to humanity. I really have interest in this and this is because even if one lose there is a probability that the gain from the raffle tickets can be use to help humanity.  This is great please keep it up.

Jesus Christ that is really good to hear, dude looks like a legit person and have done this before so he is both trustworthy but on top of that also experienced in these sort of things.

There are few difference of course, I think the house was already there when raffle was made for the first time so we can consider it as a guaranteed prize for sure because the prize is already there, however on this one lambo will be bought from the profits made by the ticket sales, it is not like there is a lambo out there and you will go get it, the reality is after a winner is decided the lambo will be purchased. It is not impossible of course that is still doable and with the doxing and having done it before I would trust OP more now but its still a sticky situation for sure.

The price is not Worth your house, you don't have to sell tour home for such a small price and when it comes to gambling you need to carry out adequate research to know when you are about to make a win with your game and consider the odd too and your chances of winning.

Lots of people have asked is this really legit and I've given my opinion but its based in the UK and not a one off in the idea of lottery of high worth items.   It is something possible for people to do in UK and in the news today was the case of a lottery for a Castle.

https://www.bbc.co.uk/news/amp/uk-scotland-south-scotland-47953542

This particular lottery didnt turn out to be successful, they didnt sell enough tickets.   Today a regulator, for advertising in this case gave a warning or 'thumbs down' to the running of the campaign for  ending with a cash prize instead of the castle itself.

Of course if the tickets dont sell this is whats going to happen and similarly I expect the same for the car or any house, etc.     The only real question to me is the maths of it, what odds to return is there and is that ok.   There could be a giant premium on the payout or it could be perfectly fair, thats the fine print that I guess people dont like.  
I do hope enough tickets sell and I already said I think this is a fair enterprise from what I've seen

this type of lottery has always drawback. they wont implement the lottery reward unless they received the amount more than its expected value. they wont do a thing for free..

This lottery would of been better if it was powered by a smart contract on a network such as ETH.

Because given some of the responses here, there are a few issues.


First issue is trust. Can we trust our Bitcoins with the lotto organizer and hope he doesn't run off with our coins? He doxxed himself and there is a news article with a photo of him pictured. However, how do we know its the same individual. Billions of people on the planet that look similar.

Second issue is sale volume of tickets. What if there is only 50% tickets sold? Is the contest cancelled? Or is there a winner announced which gets something worth 50% of a Lambo, like a Mercedes or Land Rover instead.

It's possible for him that he won't get the volume of tickets needed because of trust issue. So such suggestion is very good. Just get a car that match the amount of tickets sold rather than canceling it, only if this is really legit. Even I as a gambler known for being a risk taker is hesitating because of legitimacy.

You came up with a good idea - to organize a lottery based on a smart contract. I think it makes sense, because many people, like me, are afraid that the raffle will not be fair and we will only lose our money.

No one would buy this out due to trust issues thats why i fully agree with the suggestion above about smart contract rather than on canceling the draw it would be better if it would be minimize the prize
according on the money/tickets being accumulated. 0.00056 wont really be that big but people would still have that hesitance on sending out that satoshis.
Lambo prize is quite catchy but wont really be that enough to lure in people.

This seems alot like life, nothing is for free unless you believe that song  :P      They dont have to do it for free, it'll give some profit and thats ok as people accept the risk.   Even if it were cash it'd be relative to the ratio of tickets sold, my only point really was whats the maths of the payout to tickets sold ratio

haha, it could be a twin brother.    An evil genius twin brother schemes to run a very similar project but not follow through like the original and better half did.    He should post more then one selfie I reckon yea, a bit of an update cannot do any harm for encouraging further sales.

Anyone with any real doubt can maybe get someone more local to the ticket lotto to enter manually and get some assurance that way.   The BTC payment is only going to be changed into that ticket route anyway I guess

I have big doubts that such a lottery can be carried out honestly.
Otherwise, I would have already agreed to take part in it.
At stake will be a very large sum of money, the organizers to refrain from deception will be very difficult.

This is what it comes down to. Trusting in the individual who is carrying out the raffle and can prove they are actually going to payout the grand prize once they have collected enough money to cover the costs of it in the first place.
You did say if they put some kind of binding law as part of a smart contract then it would be easier to decide whether you would take part in the draw.
Many hospitals hold such raffles and give away large expensive homes, trips and very expensive cars as the prizes. But nobody denies their reliability to payout the winners at the end because they are doing in part of a lottery corporation. So they are liable if there is any dispute in the conduct of their raffles.

Where is the OP now? Haven't visited this thread again to give us progress of this lambo lottery.  :P Or he is already counting the collected satoshis here, if there's any? The person running the lottery seems legit but he needs to be more visible in this community.

This guy looks genuine. But, being a newbie on this forum, I guess it is difficult to raise a big amount of money. Is there any way to see how much money he raised so far from this raffle?

As a new user on this forum, and no trust or past trades or so, u cannot succeed with this one, unless you put the prize in a reputable escrow service , my opinion

The point is the competition exists outside of this forum and he was just advertising the secondary route of allowing BTC payments.   I hate to say it but that doesnt really require him to be a long term member of the forum or engage escrow especially, it'd be nice sure but theres a ton of operations existing outside this forum that will never really be justified here exactly.   It could also be the competition is legitimate and regulated elsewhere and its possible to check that.   Im not going to be buying a hundred tickets so to the small extent I participate I'm convinced enough its an ok scheme

Raffles are always hit and miss. Basically whenever you buy some ticket for a raffle somewhere physically like buying some tickets which proceeds go towards some charity where you can win a car or house or TV, how do you know those are fair?

I basically never bought any of those tickets before because I honestly believe that the winner is some friend or family members to the organization that started the raffle in the first place. Impossible to predict whether its fair or not.

But with Crypto and Provably fair and Smart contracts, its possible for the lottery to be 100% fair and verifiable. Basically like the popular saying goes "Don't trust, verify!".

Hence I think the OP should just do this raffle on a smart contract, most likely ETH, hire some audit company to check the code and this way everybody is sure the raffle won't be a fraud.

The raffle contest is good and the same being done for a cause is really great thinking. The raffle is perfectly legit and will get good number of participants. A Lamborghini for just 0.00056 is really good way of trying our luck. All the best for all the participants.

I think blockchain could resolve that uncertainty, all people who buy a ticket could be attributed with some sort of seed or a code or something and at the exact date whenever the whole money is collected it could be picked at random by that blockchain as well.

I don't really know blockchain in tech that well to actually come up with something like that but I am sure there are people out there that can build a lottery blockchain like that which would really make all the lottery thing provably fair as well and that way we would know nobody really gives it to someone they know and it would be trustless as well like blockchain is.

I think this person could be true though because he has done it before and since he would be making money from this he has no reason to scam anyone.

They will support the shipping of Lambo to your country if I read it correctly. They will shoulder all the expenses.

How can you make sure? Do you have a backer for this? The account on the conductor of raffle is newbie and what if he's just using the face of that guy for this?

How can you so sure about what you write? What we talked is about lambo so there is no way to use 0.00056 to get one, you should realize that. And if someone manage to get it by using 1 tickets, I would like to know if they are really pay or not, since there is no prize yet I believe. Btw is this site still run or not? There is no new thing or any updates about what is going on here

Sorry for asking stupid question or the questuon that was already answered here, but was already mentioned what model of lambo is involved in this competition and will it be new or used?

Unfortunately, on the basis of a smart contract it is impossible to fix the mandatory dispatch of Lamborghini. However, you can fix the mandatory sending to a predetermined address amount of money collected in the lottery. For this purpose, you can use a trusted guarantor or legal entity.

This isnt a crypto based lottery or gambling operation, its a totally paper based conventional centralised operation with a government based regulator and national legal court oversight.   I would classify it as a personal contract pretty much, its a common event in UK to run a minor skill based contest with random winner.  Non of those points about a blockchain would be relevant to something entirely based in bricks and mortar.

The one proviso is the open offer to accept ticket purchases via Bitcoin, thats it just the payment terms.   Otherwise as everyone noted, theres local tie to a car based asset.   Its possible they pay out cash but I think that only happens if not enough tickets sell.

Heres a copy of the terms for anyone who cannot follow the link in the OP - https://i.imgur.com/RhDH8s7.jpg

Wow, more "win a Lambo" stuff. OP, your post isn't convincing because not only is the "proof" Lambo you have actively on sale from a car dealership, it has been used in the past as a promotional piece for Lamborghini raffles, which obviously have been scams multiple times over since the car is still apparently owned by you. Plus a $100,000 payday wouldn't be half bad either, considering the fact that it's on sale for just over $350,000.

Your idea isn't bad considering the fact that you can still buy the Lambo with the funds that you earn from the raffle, so I guess you have that going for you. But I wouldn't touch this with a ten-foot pole because either way, it does not look legit at all. This is like opening a raffle and then saying "I'll buy the item with the proceeds from the raffle". You likely don't own it and are gunning for a large payout in conjunction with the "good will" from succeeding with the raffle. I can't bring myself to trust a newbie either.

Solid pass, thanks for the offer.

I think the only reason why this person got more interest than the other "win lambo" type of raffles is that this guy actually sold his house for bitcoin before and he has doxxed himself willingly to prove that he is not lying and dude even got on news couple of times and gave interviews and got his news printed on newspapers.

I am not saying that makes him legit but compared to someone who we do not know and have no clue about I would prefer to go with the dude I can track down at least right? Not saying both of them are legit or not but one looks more legit than the other at least. Of course, when there is places like freebitcoin that is doing the same thing and you can actually participate in a very trusted website for the same thing I don't know who would pick this one.

No one will be force in buying the tickets, we do have our own opinions about this but since there's actually people who loves taking the risk and dreamed for a big outcome, this one is for them to tried out, small portions of btc that can be converted to a lambo after, luck will bring something that only in dreams to be imagine, nothing to be expected but the results being posted here will be determine the legitimacy of this offer.

Perhaps the odds are better on this one, the ratio of payout to ticket sales gives the odds roughly or it might be the terms are more flexible on this offer considering a few countries are extremely harsh on the ownership of cars.    I dont know, I havent compared the two on fine print details since I'm not buying a large amount of tickets in either one and could barely afford the fuel for a LAMBO nevermind the insurance!  Surely thats the biggest thing to critique on either

Yes, here in the topic all write about it. Most people do not believe that Lamborghini can be honestly played in a lottery between all participants.
For the OP, I would advise at the beginning to spend a few raffles with prizes much cheaper, to earn a reputation and people's trust.

I have a feeling that we will be seeing alot of these "Win A lambo", or "Win a Ferarri", or "Win a LandRover" threads in the next coming few weeks due to the huge popularlity that this thread has created. Basically it will be similar to the Bitcoin forked coins right after Bitcoin Cash proved to be a huge success.

And the problem will be that most of these will be scams, even though they can easily be legit if it ends up being run on a smart contract where the code can be inspected and then the company/person holding the contest can make easy %'s of the entire proceeds and all they would need to do is buy the car and deliver it to the winner. Not rocket science.

However these raffle are easily going to be turning into scams since people just want to make a quick BTC and disappear with the funds.

Unfortunately, in a smart contract it is impossible to fix the obligation to transfer the car to the winner in such a way that the lottery organizer could not deceive.
However, it is possible to prescribe in the smart contract the amount of winnings in coins equivalent to the cost of Lamborghini or any other machine and transfer this amount to the winner.

It will happen in the future or maybe in the next days, weeks, or months people qill attracting when reading a "winning a Lamborghini" like this one it has a good sales and odd compare to some lottery site, but the worst scenario like what you said its easy to scam or cheating in a game.

As of this moment, there are 2 threads holding their lambo lottery. Will be interesting how they will end up to? The other one has progress bar showing the percentage of tickets sold. But the authenticity is questionable. No transactions just progress bar. People should accept the fact that if they send money to these sites, there should be no regrets or cursing that they were cheated. They should know what they are getting into in the first place.

Seriously? What's with the lambo? I really thought that this is the same with the other one. Are they making fun with us? While seem they really confident that they can bait a bag of money. Crazy people.

Uh huh, probably it's a fake progress just to lure buyers instead.

Well in that case to avoid the counterparty risk, the smart contract would send all the winning ETH to the winners ETH address and send a small % for the contest creator for his hard work in getting the contest run and successful.

Honestly, most people would much rather have the money than own a lambo. If I won, I probably wouldn't be able to afford the insurance or would be scared to drive it due to rock chips or getting it vandalized.

Most people would sell it and buy a house instead. The "Lambo" is just a meme which was created originally a few years back when some early adopter sold his BTC and bought an actual Lambo (or Ferrari ) and it started a trend right after.

Is this legit? I mean we are all aware to those scams. At first they said that it is free to join or you can join by paying small amount to the raffle. I didnt say that it happens all the time. The point is, thats the often scenario. And nobody knows if theres a winner of that said raffle. Im open to talk. Enlighten me. Thank you.

I totally agreed on this because this man has a deep interest in crypto and selling your house foe bitcoin ia one crazy thing that only believers can do

So for me after all the proof OP has presented no doubt this is a legit raffle so what i am asking now is what  status do we have now here?can someone share whata thw progress of this raffle?

I got more confidence then most on this offer and Im familar with UK law and regularly see details similar to this scheme advertised privately.    This doesnt mean you shouldnt use your own judgement but I'll clarify stuff if I spot a common point between these types of raffles:



So this happens all the time with UK 'competitions'    usually its phone in with an answer and we'll pick from the correct entrants.   Whats all the colours of a rainbow?   or whatever simple question you can think of.
The catch is to phone with your answer you phone a premium line and this is all advertised, basically this is your entry fee and maybe its below 1 dollar worth roughly.

Thats all 'legit' and normal practise.    Its a question because its not offically a raffle, its a skill based quiz and then its a raffle.   But you know, its basically a raffle and ditto the lambo is basically a raffle with a question.

However the free part is derived from this, anyone can enter this raffle free, they can not phone in the answer for my example but instead send a postcard with the answer written on it.   A free entry is possible in this way, this is a requirement legally to proceed.   Ditto the Lambo comp is letting people enter freely if you really want.   Its not a big deal as to have much of a chance, you probably needed like 10 or 100 tickets anyway and I believe free entry is just once.


Thats who runs it and to my surprise its just run under common law with no registration which makes the idea quite prone to spoof as is the meta on the internet, be careful then.   Also UK law as mentioned on one of those links given in the small print I post below

Most of that is regarding tax law because the rest is quite unregulated which explains why 'normal' individuals are popping up to do this.   I do really recommended you find who the promoter is and are comfortable with the law of the country they are a citizen of (not just occupant)
This explains why it manages to avoid gambling laws

I really do not think that dude is really into bitcointalk as much as we think he is. Of course if you are going to make a raffle for winning lambo you are going to open an account here and share that here as well but dude is basically running a raffle company nowadays, he sold his house as well and now he is selling a lambo which all made him some hefty profits I am sure.

The trouble here is that bitcointalk forum doesn't like the "write and leave" approach by these type of companies, if you are going to write here than you have to keep following as well. Last time the OP of this topic was active was April 3rd. Now I am not saying you have to answer every single question because sometimes it gets repetitive but if you don't check the topic for a month than you might as well not have started the topic at all.

I am afraid this craze will result with many more people to lose a big sum of money after all.

Maybe this person is legit, maybe freebitcoin is legit too which would be expected since they are one of the most trusted websites in the world and already raised like 145 thousand dollars for a 200 thousand dollar thing so I doubt it would have to be a problem on their side but the more we see these type of games getting this much attention its inevitable that someone will see this as an opportunity and create this very beautifully designed and insanely marketed version of this and than just take everyone's money and leave with it right away.

If a place with just one topic can raise so much money think how much money you can get with one good designer and a thousand dollars in marketing, it would be stupidly easy to raise 500k in just a week.

I would rather trust up Freebit.co than on this one yet they are more established than any new sites as of this moment. Freebit.co can possibly hit it up and about credibility then they are entirely different.
Dont be afraid because no fool would throw their money even if the ticket is just cheap.

Freebitco is no doubt the most credible among them. I have been using that site for so many years already and they already cemented their position in this industry. However, these rising lambo lottery sites should be treated with precautions. We don't know yet how genuine is their motive here. The lamboforbitcoin is showing about 64% of ticket sales, their current competitor. How far is it from the reality?

Same as me. Freebitco is always the first choice for me to take part in the lottery. the credibility of this site is far more credible than new sites like Lambo. Maybe because personal ones also don't want to try new sites that don't have credibility so I prefer a lottery site that has been running for a long time. Luck could have been on a new site like Lambo but I was too worried to follow it.

This thread can't be serious, I thought I have a chance to win a Lambo here, but my 0.00056 BTC for this Lambo? Nah....

Reading the title only i thought he is gonna promote freebitco.in Lamborghini golden ticket even. When i click and reand read inside he is promoting his own event for a Lamborghini. Lots of Lamborghini event now a days.

Be it serious or not, but I had applause for the idea behind. Just see and think that if he really managed to break the bars off by selling 500,000 raffle tickets for even £2 a ticket, he may have managed to make more than £1 million which is enough to buy at least 3 houses like that one. Thank you for this thread OP I have actually learnt how I should do it right. ;)

This thread can be a motivation for you. Lambo is only a symbol of the success achieved because everyone who is able to get (buy) Lambo can be called a success (in the financial form).
It's not important that the thread is serious or not, because here maybe the OP only shares what it experienced by following a bitcoin-shaped lottery.

Why not try to get some tips from the owner of this site http://lamboforbitcoin.com/ (https://bitcointalk.org/index.php?topic=5136090.0) since he do already sold out 80% of tickets for only a few days? lol

LOL

But wait, it is now running at 84% as we speak. Consider the fact that he is selling the ticket at much expensive rate. But everything is secret. No address, nothing. Because you will send your money to a specific btc address, created just for you. Now, how shady is it?

And this site, let us see how far he will go on this one...

I never said that this thread motivated me, but the idea.
I just had the same thought of doing it exactly how OP did it but I didn't do thinking about what will people think and say. Are we bound by the boundaries of societies?
Nope, we are bound by our own thinking and I think the idea behind this thread and putting it in action is what takes the courage and will of a man, which OP had. Salute to that guy who filled his ocean with each drop of water he could collect.

90% as we speak.

Its likely scripted not bound to actual site traffic or ticket revenue.   They could even make an attempt to fake ticket sales by washing fake trade through an address but they have neglected to even show that level of activity.  
I spotted a major flaw in their terms that alongside them underlining they are UK based, makes it extremely unlikely to me that they are legit or at least competent.

Since that company claims to be established and successful in this repeated promotion, I find this error a good pointer to avoid any contact with them.    Ive posted a warning but obviously theres no saying anyone will take notice of more then the OP directing them to an easy entry.  


There should be no FOMO on that whole deal.   Anyone doing that much business so easily will be back to repeat it without doubt, theres nothing to lose from first observing if they pay out anything to anyone.    The real business done is no more then a few hundred dollars I hope
  Its a good demo if nothing else of why distributed decentralised crypto will continue to be of use online in secure transactions

This particular Lamborghini cannot go for 0.00056btc! Maybe the odd of winning is 100% against the players.  Remember that Lamborghini is very expensive and op has just put that in other to create more room for gamblers to come in and who knows one person may win.

Well, in my honest opinion, both Freebitco.in and this guy have some reputation, in fact some people would argue this guy is more "legit" because he has appeared in the news before, he probably has some company behind his name, and basically due diligence would be easier to do on him. Not so freebitco.in, which is anonymous except for the presence on this forum. I trust freebitcoin much more naturally because I play there and have money there.

@slaman29 I’ll agree with you that this guy has some credibility, he’s also uploaded his photo for proof but I am not convinced he’ll be able to give the Lamborghini to the winner. Who are those people who’re saying he’s more legit than freebitco?, as anyone can open a site and distribute a press release that doesn’t make the person legit. Freebitco has earned it’s reputation and trust over a period of time, and in my opinion Freebitco contest is the legit one.

He did upload the photo and sort of Dox'd himself but who knows 100% if its actually the same guy as the guy in the photo. It seems he had a good idea and many other sites are trying to capitalize on the same idea.

If a site like Freebitcoin or Primedice launches a contest as this then they have enough reputation and they don't need to show proof of car or other documents.

Everybody else if they want to run a contest like this they need to show some form of smart contract with a 3rd party audit, this way we can be sure that if there is a winner it will be actually paid out. This is the reason why ETH was actually designed, its to prevent scams such as these from happening.

The freebitcoin site is one of the most trusted sites I have played, and it is very reliable, I participate in the lottery weekly,
But what is the credibility of this Lamborghini is given to the winner

Actually, there are so many gambling websites now that are having this raffle for a Lambo. I don't think there is another legitimate other than freebitco.in. We should let this website to operate and explain the flow of the raffle. Let them give their best for this raffle.

I do not think you are motivated by a Lambo but I only liken that a Lambo can be a sign that someone is getting financial success. Because of people out there judge that people who have Lambo are successful people, so it's natural that the OP gives a picture of attaching a Lambo even in this gambling site that will be the center of attention for people who want to be lucky.

I thought the same way. I said to myself it is another scammer post :)

But still it is not so easy to reach Lambo with 0.00056BTC

I totally agree with you. I, too, at the moment do not need Lamborghini and I would gladly choose a more modest car, but for the remaining money I would buy a house and invest money in several businesses.

Also part of the winning would be donated to an orphanage.

However, it makes no sense to discuss it, because we have not won anything yet and this is unlikely to happen within the framework of this topic.

 A house and a car especially like the Lambo are two different asset types.   Housing is a productive asset with a possible yield or innate benefit from reducing costs like rent but a car is a luxury for most and from a tax point the house is far more favoured.    Only classic cars can be called appreciating assets, even a nice Lambo from its new price (which often is 20% tax or so ) will lose a third of its value in something like 5 years even if used lightly I think.   That can vary but for normal production its the case.
   Some can justify a car for work but nobody can justify a lambo as anything more then spending money unfortunately.   Its definitely a millionaires play thing, hence the attraction of course

Just because someone doxxed themselves doesn't mean they will have to do an honest work neither. I mean it is still more trustable than many other places out there because at the very least we know who he is but dude already made a house sale as well which was definitely done properly and even got on newspapers so I assume dude is for real.

The issue is he is not focusing his attention to bitcointalk, he probably already has a local fame for raffles after he sold a whole house so he is getting attention from somewhere else anyway which makes him get this business over that ticket sale hump and maybe slowly but he is still selling tickets to those who know him from his local fame. Not everyone who starts a topic on bitcointalk relies on bitcointalk as much as we assume.

I can justify the presence of a lambo as a certain status vehicle for businessmen. For example, in Dubai, many have very expensive cars and they understand each other, but nevertheless they pay attention to the status of a person before making a deal with someone.
But really, for most people, this car is absolutely not needed.

I don't see car as an assets and since this lottery is about a Lamborghini and not a house one does not have any choice then to go for the car if not if I have the option of a lambo or a house I will go for the house not even because of tax but the usage I know car is very useful but not to compare with a home. When is this lottery draw going to be exactly?

If we compare houses and lambo, then the house is the most feasible to become an asset. But in this case, the lottery only provides lambo as the main prize, so we can call this lambo an asset because sometimes a lambo can also increase in price from the purchase price.

I'd love to play it to be honest. Even it's possible to win a lambo with a penny, I think the chance is extremely low and the house don't want to lose their money, so a lambo for gambler would be about two or three lambos for the house. Is this unfair thing?

The problem is that such raffles depend on the honesty of the organizer. The organizer decides to take all the money and run away, but you will not find it. And then no matter how much you could buy houses for one lambo.

So true. Most lottery organizers only make the lambo main prize as a lure so that many people take part in the game. The rest, after participating in the game we can only pray easily and honestly and fairly.

There is a similar site which is giving lambo as their jackpot but I do not know about this site progress but I can see that at the current time they are doing nothing mean while other site already have their tickets sold out and make the progress by moving to the withdrawal time on Monday, so I do hope if this site have the same motivation and goals to give us the real thing, not just some scam site

I think we should not participate in those kind of lotteries that are not organized by trusted persons since we are all taking a huge risks and the chances are we areally going those he lose our money used for buying a ticket. Personally I would only participate in such lotteries if they are organized by a big gambling website that already has a reputation behind so that I make sure my money do not end up in the hand's of a scammer

Even if you plan to participate in a lottery offered by the biggest trusted site, there are many chances that you will still lose money because its only one or few people whom lottery are win out of thousands. So the percentage of winning is very less. I do not like such games where the chances of losing are obvious.

I think this is not even about honesty of the organizer, if the organizer was dealing with this every single day and answering questions and resolving doubts about the project I would understand people believing him or not depending on how the organizer handles the situation.

Moreover, even if the person that is doing this raffle is honest and even if he is doing a legit business, he literally haven't logged into the website for the past month (even more) which means dude literally doesn't care about here, he probably is out there doing his marketing somewhere else. Why would I want to play on a place with that little odds when even the organizer doesn't care about me? That is why the talks about if the business is legit or not is useless since let alone being legit, he doesn't even care.

The decision you choose is the best because now many new gambling sites are circulating with fancy appendages, but in the end, they all end up scam after making huge profits from the people who participated in their game.

For this scheme I would mostly be concerned if its being run by the person mentioned initially.     If its just a UK run lotto from the person with history of selling/lottoing (effectively its a type of auction imo) his house that way, its seem likely he will risk going to jail for fraud and will run it reasonably.    Theres a risk of deception sure but the main deal is to confirm the identity of the promoter and that the tickets are being widely distributed and the promoter will be held responsible after the draw is done.    Theres some risk with dealing with any establishment

I'm curious how things unfold here. His "competitor" already sold all his tickets - lamboforbitcoin. And we are waiting the live streaming of his lottery draw. Now, what is really going on here? Is this going to push thru in any way?

I expressed heavy doubt on the mimic to this competition.   Its personal judgement and so far as I can tell he is just skimming off those who cannot tell the difference from normal procedure to a jaded copy, sadly it works well enough for them to do it.    If you ever see the rip off tweets on twitter, send us ETH and we send you some back or something ridiculous and nonsensically - somehow it works 1% of the time.
  Same for spam email, everyone here deletes that junk but the payoff only requires 1 click per million emails sent and they get that return
and its closed a bit over a week later.   If he could lotto sell it that fast, he'd be an official Lamborghini dealer maybe for marketing so well.   Well done to anyone who is a genuine salesman but I dont think so in that case.    Its a wash trade, they state fast sales to encourage genuine joiners.   Its really not related to crypto or any open verification, its an advert why centralised accounting is bad and easily corrupted.   They like BTC payment because it cannot be reversed as Binance found out recently.   All my personal opinion

Terms :   
Opening date : 28/11/18
Closing date : 28/08/19
The official website has more detailed information: https://www.winalambo.net/

We'll see the reaction or response from the promoters after the lottery draw was finished. Are they responsible for what they promote after the winner of the lottery is known, and I am sure the promoter will also ask for the percentages of lucky people to win the lottery?

The selling dates of tickets is very long as compared to the lamboforbitcoin which sold out for few days. This might be legit after all. But where can we see the actual progress bar of this lottery contest? Any details of the sales?

Nice to keep seeing this positive feedbacks from other members, is the ticket fee reduced to 0.00056 bitcoin now as I can see the change in the thread title and are users eligible to buy more then one ticket?

Well, at least you tried out of thousands or millions who participate in the game it is still worth to try though. Don't just think if you've got a chance but at least you tried your best to win even though it is more based on pure luck. Even if your chance would be 50/50 like in the dice game you wouldn't still gonna win to that. The more odds you want the fewer the prizes that you gonna win.

pobble wonder if winalambo scam or other lambo site or both!  this very bad website like by child and no update or post or progress. Cheap tickets than other lambo site but many more tickets so less chance. who knows? admin never post now.

the pobble wait to see draw other site Monday and to see if lambo give.

It is getting so famous which is the problem, there are other places that are basically doing the same thing right now and this one is the first one I can think of. Which means the popularity of this topic made other people do the same raffle as well. We now have 3 lambo giveaways that has given away zero lambos so far, they have literally built a whole business model out of giving away nothing.

This has been going on for months now with no give away plus the OP being offline, there is another one like lambowin.com or something like that which has a topic here as well that hasn't given away anything and there is one possibly good one with freebitco.in which I assume will be the first legit giveaway since they require 6 month period and already have a lot of tickets sold, so basically they have built a whole idea around not giving away anything but selling tickets so far.

I did at first think the BTC price for a ticket must be a fixed thing, hence a smart thing to buy when BTC fell.   However when I checked the site, its just dynamically quoting a price to buy a ticket.   BTC is just one of a few different means to obtain a ticket thats all so every day the BTC price to enter the lotto for Lambo will alter to match BTC going up or down.

Pretty sure they want people to buy dozens of tickets not one as it'd sell out quicker, its upto you where you want to place your risk to reward for this

Is it a raffle draw that requires potential players to buy tickets or are they free? Or should the whole process just be a way of selling your Lamborghini.
Well the proof you have given are authentic and quite reasonable

Agreed. This is a pretty creative way of extracting money from gullible investors. Expected these scams to fall in number ever since the prolonged bear market of 2018 and the rising ICO scams, but looks like I was wrong.

These scams will only fall in number once investors improve their brains in this aspect.

I guess we need to buy the ticket to join so we can have a chance to win Lamborghini.
That will need much money to buy more than 100 tickets if we want to increase our chance to be the winner ;D
I don't buy the ticket yet, but I think I will buy it later.

One ticket is enough if you get that luck but if you have a lot of tickets then the chance to win the lottery will be more than you bought only one ticket. So, it's your choice, we can't just rely on luck.

The OP has been offline more than a month already. This will go nowhere. I guess. The other one, lamboforbitcoin was very aggressive getting their tickets sold out. But the authenticity? Still questionable. Freebitco is no doubt very legit. So if you want to participate in a legit lambo lottery, freebitco should be your choice.

I would not trust any website(Even freebitco) when it comes to these kinds of insane lotteries. Even if they were actually legit by an chance, your chances of winning are minimal to none. Save your money people and spend it in a better way elsewhere.

I agree with you, it's not bad to try something new but only in amount you afford to lose. You can try site that even offer you to be a President if you are lucky enough. There is always a chance of winning and you don't know if you are extremely lucky. But I'm going to suggest everyone not to fall on such a sweetest dream, stay your mind awake so that you won't be on a dreamy things forever.

So when would be the finale?does the ticket still available?i guess I wanna try my luck here lol   ;D

Lamborghini is one of the highest value car now on our time and having this is like winning the jackpot in lottery.just hope that we are in legit place now

But yet it’s still the luck that will bring the lambo in our house

At least it has better odds than state run lotteries and there are many ways to verify that the raffle is legit.  Its a really good business model because people are fine with throwing a few dollars at the chance to win something big and there is little risk to the owner.

So do you mean that you wont trust the one on your signature as well if they run similar lottery? I wonder why do you do not trust any lottery sites because of its small chance of winning while it is indeed the nature of a lottery game. Any games has their own fans, including a lottery game. As long as the site is reputable enough and as long as people are ready to spend their money then they are free to buy lottery tickets as they wish. It is the fun of gambling, if you suggest us to spend our money in a better way elsewhere means that you are against gambling?

I think the issue is that people really liked to win big. That is the thing about people, betting on x2 is not really that big of a deal and doesn't create a hype but when there is a 0.00001% chance to win something big they became really mad. I mean the odds are even better if you bet on x2 multiple times in a row instead of betting only once to something that low on odds but since there is a "lambo" at the end of the deal they just became crazy.

I am not even doubting people actually paid these lambo raffles money to get tickets neither, maybe not as much as claimed or maybe equal but in the end I am sure people love to get a chance, people go "oohhh what could I do with that kind of money!" and buy tickets. I doubt this will end neither as long as people think like that the scammers will continue to find new ways.

and other lamboforbitcoin site already scam with the bitcoin money. they no do draw they promise and disappear the site. now message saying 'so long and thanks for all the fish'. noone should to believe this site be different with the lambo money

Anyone a proud owner of a new Lamborghini yet? LOL

Even if we say we know who the person is, there's no guarantee that he couldn't be going for the long con. Many things can "go wrong" after all. This takes a lot of trust.

Everyone really want to take this big winning and coming home for enjoying it but the problem is, this is not suppose to be a good site to let you win it. Even it is daid lambo but we never know when they are going to draw. Instead of playing a lottery like this, dont you think playing slot is much more better? Since it gives a lot of payout too. Same thing applied but gives different payout, so you can make your mind

Lamboforbitcoin has already bailed on its investors through a farewell message "Thanks for all the fish" which goes to show how stupid and nonsensical these lambo related lotteries really are.

If you want to take the risk, go ahead. However, improve your brainpower before commenting in such a dumb manner on others suggestions.

Looks like it sounds good to me. It's really a matter of surprise that wins a Lamborghini for 0.00056 BTC There are also multiple payment options here to purchase tickets. Which is BTC, LTC, XRP and many more. I liked their ideas and I heard about something like that before. From here I learned about the most detailed information.

Not that strange, publicity costs money which is generally going to relate to rate of ticket sales.    I do think they are trying to make a profit so they'll be selling more tickets then the total price, what ratio thats likely to be I'm still not sure and has to be the biggest unknown factor imo.
With the fixed date for this scheduled to run, my guess it will just keep going until then and then close and draw a winner.   Even if they had covered the amount required already, I guess nobody is going to say hey stop buying more tickets I dont want more of your money :p    No lottery really stops more sales being done, they just run it till the due date given and cant really complain if they do similar here

Do you think this lambo lottery will go through? The other one showed its true colour already, just pure scam. But this one, the OP is not active promoting this contest. More than a month of not being online here in the forum. Do you think it is suggesting something?

Well, this raffle was opened about 5 months ago and there is probably enough promotion made already so that he doesn't need to do it anymore by its own because people are promoting it for free. Honestly, I don't know what to say about this because it's being said the the creator of this raffle has organized another raffle back in 2017 when they offered a $1M house to someone and there have been news all around the internet about that. It might be just another thing that like or maybe that was all a faked raffle to have credibility for this one and raise more money. Personally this looks super suspicious and I would never participate in something like this but in order to take a conclusion you need to do more digging to find out who's really behind this and what is his purpose.

I think the problem was there was no deadline, the deadline is literally all tickets sold and it could take years if he continues with this pace before he can sell all tickets and people who want to get a refund can't get it probably which is why there is a linear direction that all tickets will be sold one day even if it takes years.

We have seen another lambo raffle where the owner literally took the money and ran with it and since there was absolutely no way to get him people just said "well it figures" and most of the commentators already knew he was a scam, this is a different approach to it but it feels like the same way.

The creator of the raffle is doxxed so he can't say he scammed you that easily but he can just postpone the draw as much as he wants and eventually people will forget about it.

His last post was April 3rd and also his last activity, he hasn't returned since. I am guessing he was doing some legal and regulation work and probably ran into a roadblock and decided that its not possible to hold a contest such as this.

The house that he raffled off was different because it was a local scenario and his payment was taken in pounds. With Bitcoin you got issues because laws vary country by country and you also got the problem of KYC or No-KYC.

There are also environmental regulations which are a problem since a Lambo is a gas guzzler. So if the winner resides in a country where they don't sell Lambo's, then it will need to be imported and pass emissions. And depending on how strict the country is the cost can be significant to make it road legal.

From what I see on the website, the deadline is end of August.


However, I agree that he should have been a bit more active around here.
I am still thinking if I should buy a ticket or two or stay away.

Stay away for sure, there is no way this guy comes back around after months of writing nothing at all and then claiming the entry is still going on. There is no way this is a real thing and he tried his luck with another one after his house to see if he could make some profit but he didn't get enough attention which resulted with not many tickets sold and the amount of money collected didn't break over the lambo prize price which then meant he would have to pay the difference which he didn't want to nor could afford to.

Enlighten of everything he decided to just be awol and instead of running it like a legit business he decided that it would be wise to just make people forget about it, hell if people would still buy tickets time to time then he can finally finish waaaay after the deadline.

There was strong indications of flaws in the copycat thread and I said as much, it was pro-porting to follow UK law but then actually failing to comply with various requirements.    This contest appears to be within the regulations, if he fell short on sales then it could proceed with a cash prize and thats been the case in similar instances.

Also these contests are very familiar to me, in UK its quite common and usually its done by companies but sometimes people with houses as said.    The main requirement I'd recommend is the free entry which is a legal requirement, you might as well get a ticket that way if nothing else.      I say its a contest because you have to answer the question right but if you do so you are entitled to enter via postal entry.    Then others may also answer correctly and it becomes a lottery which is choosen, hence you see how it plays out

Never found any of this legit to begin with. Just quick cash grab schemes and nothing else. I do hope that more and more people learn from these scams and stop investing in future scams.

Why risk money here anyway? After the other scams were unveiled, I cannot believe that others are still thinking that something like this might actually work out. I would invest in a legit lottery instead in comparison or gamble in some casino.

See I come from the finance side of things, gambles and risks are natural phenomena but this is a constructed contest.  In any case my view is to examine the details and compare the value possible gained vs the risk or cost of entry.    This is how I assess value and also it explains why someone runs this contest, its profitable!    

Never trust anyone until you understand in what way they will profit, nothing wrong with that but until I can figure it out its far more uncertain to me.


So here is the details I wrote down earlier, really basic stuff but its outlying the odds basically and the rate of return.     So under full ticket sale, which I suppose this contest will return until the deadline trying to achieve then he takes 900,000 Euro in sales

Thats revenue, we ignore costs and his max pay out is 650k Euro  so we see the gross margin is 250k which is almost a third on total take.    A very good business if you can get the people, no need to be dishonest if you are this successful in life

If he does fail to get the full ticket sale, lets say he only sold 100k in Euro ticket sale.   I would guess its more due to good publicity but for round numbers.   Terms state he will then levy a fee of 24.77%
So the winner will receive 75,230 Euro.   We dont know the 24k euro will cover his costs but I would presume he would be ok, many businesses survives on less

The situation is that he will do better the more tickets he sells, the margin is slightly more that way

The way they start this lambo thing is already wrong, and I do not find a good reason why they are offering this lambo of they do not even have a chance to sell their tickets. I feel sorry for them who already buy it. Although they write that it will end up oñAugust, we never know if such thing is exist. They shouls really giving such a prove just by holding this to make sure it is a legit site

I said I would report back any similar contests I see news on and here is one for a £2m flat which did not sell enough tickets.    People arent happy as the cash prize actually drawn in the lotto was just 53k and the organisers gave themselves 120k in costs

https://metro.co.uk/2019/06/29/owners-refuse-hand-2000000-kensington-flat-raffle-raised-just-227000-10090309/

It doesnt say how many tickets they sold so I dont know if they gave a reasonable return but seems unlikely.   The problem with a flat is its a more specific type of sale then a large open house with pool etc. that could be someones dream residance.    A flat in London is often a requirement for people in jobs based there hence why the price is high, outside London people might prefer the big open house without the traffic of built up cities.

   Seems an elementary mistake to me!

tbh, i dont think this will acquire the amount that they need to provide this lambo thing. the op is not active here so we dont know the updates of this lottery.
if there is a hint that they will gonna be successful, they will be confident in showing the stat bar of how much they collected so far.
i hope this will not end up like the lamboforbitcoin.com that posted here in the forum and saying that they will go live but ended up nothing...
we will know if this is real at the end of august???

Im not a fan of a online lottery, but I think they are trying to make a profit, so that there's a chance that it's just a scam?

No I think its legit, Im not vouching for it or that you get great value or anything but everything I've read on them pans out as in line with UK legislation that I'm familiar with and the last example I posted above or similar.
   The other thread was a copy cat scam and identified by a few old hands as such a few times, someone marked it with a warning popping up every time it was viewed.  It was pretty clear, if I had the ear of a mod I would have asked them to just lock and archive the thread out of sight as a few minor points stood out as illegitimate.

Also if you have doubts on this one, a simple thing you can do is take the free entry option possible via post.   Then if you are more confident, take an entry via BTC while its on a high seems reasonable imo

This is the last post from OP and also his last “Online” and after almost two months he didn’t come to appear here and bring some update ,so from this many speculative idea coming from people involved here.though from the very start I have a doubt about this but yet I am waiting for what will be the ending