SatoshiLottery.net | The first ever live streaming Bitcoin Lottery and Raffle Website.


Drawings are held on Sunday, Tuesday, Wednesday, Friday, & Saturday nights @ 9pm ET.

Tickets for each drawing are 0.01, 0.1, & 1 BTC per entry and can be purchased on the "Tickets" page.

There is now a Members Chatroom. Claim your name and rep it in chat with the new "Raffle Ticket Naming System"

**Updates** (07/13/2013)

2 new lotteries have been added to the website.

A twice weekly BTC0.1 MEGALOTTO with a reduced amount of BANK tickets @ 10%.
(Every Tues & Fri 9pm ET) Tickets 0.1 each.

A weekly BTC1 ULTRALOTTO drawing with a GUARANTEED WINNER because there will be NO BANK tickets.      (Every Sunday 9pm Et) Tickets BTC1 each. (payout is 90%)

The BANK ticket structure has been modified, as well...
When  BANK wins, and the prize rolls over, the next drawing will see the ratio of BANK tickets reduced by 5% until after after a 3rd consecutive rollover. In the event BANK wins 3 consecutive drawings, the next (4th) drawing will be devoid of BANK tickets, GUARANTEEING A WINNER of a seemingly huge Jackpot.

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How It Works

Purchase the desired amount of entries on the "Tickets" page. Entries cost 0.01, 0.1, & 1 BTC each. There is no limit on entries, enter as many times as you like. After several confirmations you will see your ticket name and number of entries for that ticket on the Entry Board.

On the night of the drawing the stream will go live...
At this time all entries will be tallied. We then add 20%, 15%, 0% of the sum of all entries with what are called "Bank" tickets. (They rollover the pot to the next drawing. I'll explain in detail below)  You will then be able to watch us place all of the tickets into a randomizer @random.org for shuffling and into the raffle software just before the drawing begins.


The Drawings:

The drawings are a "Last man standing" type of raffle. What this means is pretty self explanatory; tickets are drawn until there is only one remaining. This ticket will be the grand prize winner, which is 80% of the prize pool. (10% rolls over in the event of a Jackpot being hit by someone other than BANK)

SatoshiLottery gets 10% of the pot.



Bank Tickets:

Okay, so we there will 20% and 15% more tickets in the drawings now that the BANK tickets are in, but what is their purpose?,


If a "Bank" ticket ends up in the prize-winning spot, the full 90% prize will rollover to the next drawing. This will hopefully allow the pots to occasionally grow.

Furthermore, when  BANK wins, and the prize rolls over, the next drawing will see the ratio of BANK tickets reduced by 5% until after after a 3rd consecutive rollover. In the event BANK wins 3 consecutive drawings, the next (4th) drawing will be devoid of BANK tickets, GUARANTEEING A WINNER of a seemingly huge Jackpot.


20% for the 0.01 SatoshiLotto (1/5 chance the pot rolls over)

(15% chance after first rollover)
(10% chance after 2 consecutive rollovers)
(Guaranteed a winner after 3 rollovers)

15% for the 0.1 MegaLotto (1/10 chance the pot rolls over)

(10% chance after first rollover)
(5% chance after 2 consecutive rollovers)
(Guaranteed a winner after 3 rollovers)

0 Bank tickets for the 1BTC UltraLotto (Guaranteed Winner) (no rollover / 90% payout)

Payouts:

You do not have to be present for the drawing to win. All wins will be sent to the winning ticket holder's sending address immediately after the drawing ends. (Be sure to include your wallet address or valid email in the payment form)

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