What do you expect from Lottery sites?

[10xBTCLotto]

Lottery can be simple or really complicated, the question is: How the perfect lottery site should be for you in terms of GUI, prize(s) amount, odds, ticket price, support, draw time, trustworthiness etc.?

[CarlesPuyol]

Lottery can be simple or really complicated, the question is: How the perfect lottery site should be for you in terms of GUI, prize(s) amount, odds, ticket price, support, draw time, trustworthiness etc.?

I prefer lottery with low ticket price and a lot of participent so the prize will be high enough.
e.g: 0.001 btc ticket price, and 1 btc prize. It means that you need at least 1000 parcipitents. Can you do it? Probeblly not...

[marioantonini]

First : Lottery with really provably fair (i have see national lottery corrupt in italy)

Second : big bonus jackpot

[apriyani420]

First : Lottery with really provably fair (i have see national lottery corrupt in italy)

Second : big bonus jackpot

corrupt lottery with real money? do you know the name of it because it would be interesting to read more about it also its nearly impossible to hit the jackpot just saying

[lexuz]

lottery is complicated for me but sometimes i like buy lottery ticket, even i never win lottery. i hope one day have big lucky and my ticket is lucky number in lottery

[10xBTCLotto]

What about draw times? what is better? 1 week, 1 day, 1/hour?

[lexuz]

What about draw times? what is better? 1 week, 1 day, 1/hour?

If you ask about draw times, of course that back about winning pot, for 1 weeks of course the winner pot is huge. but i suggest better if 1 day because no need wait to long time see who got the lucky number

[Za1n]

What about draw times? what is better? 1 week, 1 day, 1/hour?

I would think a site would have the most success with several formats. Not so many it becomes confusing, but you could start out with each of the ones you listed; hourly, daily, weekly.

Hourly could be smaller pots and payouts, you would probably have to tweak it depending on number of entrants. The daily and weekly could be larger, even if the entry fee is the same or smaller than the hourly as you would have a longer period of time to acquire entry fees, or get more participants.

So maybe say a 0.001 bet would payout 100/1 hour or 0.1 BTC, 1000/1 daily or 1 BTC, and 10,000/1 weekly or 10 BTC. This would be of course assuming you can get enough tickets sold to cover your payouts. I would think this would require a lot of tweaking until you had a stable player base you could make more accurate predictions with.

[sherbyspark]

Lottery sites with GTD payouts which makes buying a ticket +EV at times would probably also  be another feature I would look forward to . Its really hard to make a lottery site much popular these days.

[10xBTCLotto]

Lottery sites with GTD payouts which makes buying a ticket +EV at times would probably also  be another feature I would look forward to . Its really hard to make a lottery site much popular these days.

Sorry for my ignorance, what does GTD and +EV stands for?

[Kakmakr]

The Lottery system must be 100% open source, and logs must be kept of all draws. It must be fully transparent and instant. The information {input data} must be available to everyone, to check if their lottery tickets was entered into the draw. Some sites hide this data, and create shill accounts, and then configure the draw to enable them to channel the winnings back to them.

All information must be public. The software must be Open source to determine if it can be rigged. This software must also have a verifiable version check built into it, to verify if the software being published are the same as the software being used to run the Lottery.

There are so many loopholes to f#$% people over with a lottery, it's not even funny. It's no wonder people do not want to participate in it anymore.   

Live instant draws are not a option, it must be a de facto standard, and it must be tested to be provably fair. Too many sites say <Provably Fair>, but they are far from it. It's just a popular label, being swapped around like a cheap second hand car.

[IanQuinn]

The Lottery system must be 100% open source, and logs must be kept of all draws. It must be fully transparent and instant. The information {input data} must be available to everyone, to check if their lottery tickets was entered into the draw. Some sites hide this data, and create shill accounts, and then configure the draw to enable them to channel the winnings back to them.

All information must be public. The software must be Open source to determine if it can be rigged. This software must also have a verifiable version check built into it, to verify if the software being published are the same as the software being used to run the Lottery.

There are so many loopholes to f#$% people over with a lottery, it's not even funny. It's no wonder people do not want to participate in it anymore.   

Live instant draws are not a option, it must be a de facto standard, and it must be tested to be provably fair. Too many sites say <Provably Fair>, but they are far from it. It's just a popular label, being swapped around like a cheap second hand car.

A lottery does not need to be open source, otherwise everyone would start coping your code and site.

I agree with Kakmakr about Provably Fair being used unjustly.

10xBTC:

Your web design seems nice (wondering if it HTML5 or something else?).

You failed miserably at understanding your customer.  Your extreme lack of understand the statistical mathematics of a lottery is abundantly apparent.

[10xBTCLotto]

What about draw times? what is better? 1 week, 1 day, 1/hour?

I would think a site would have the most success with several formats. Not so many it becomes confusing, but you could start out with each of the ones you listed; hourly, daily, weekly.

Hourly could be smaller pots and payouts, you would probably have to tweak it depending on number of entrants. The daily and weekly could be larger, even if the entry fee is the same or smaller than the hourly as you would have a longer period of time to acquire entry fees, or get more participants.

So maybe say a 0.001 bet would payout 100/1 hour or 0.1 BTC, 1000/1 daily or 1 BTC, and 10,000/1 weekly or 10 BTC. This would be of course assuming you can get enough tickets sold to cover your payouts. I would think this would require a lot of tweaking until you had a stable player base you could make more accurate predictions with.

Interesting ideas!

[10xBTCLotto]

The most important things are provably fair & big jackpot
I don't care much about draw time, but it could better every day / week (announce at weekend)

Personally, if there are lottery sites which accept bitcoin, it'd better if we don't have to sign up

What is a big jackpot for you?

[Kazimir]

Lottery can be simple or really complicated, the question is: How the perfect lottery site should be for you in terms of GUI, prize(s) amount, odds, ticket price, support, draw time, trustworthiness etc.?

Can you prove 100% that you are not anonymously playing with an account of your own in the lottery, and that you 'accidentally' win the jackpot? So you can claim you're paying out the jackpot, but to an address that's secretly your own.

If you cannot prove this doesn't happen, it's gonna be no better than the rigged national fiat lotteries.

Open source doesn't help either. Even if we can review your source codes, we still have no way of being sure that the version are you actually running, is exactly 100% the same as the source code you show (and not, say, secretly initializing your random generator with a fixed seed value so you can predict the result).

[Kakmakr]

The whole site do not need to be Open source, only the lottery generator. I like the way Bustabit or the old MoneyPot game are doing it. They have a transparent process to determine the fairness of the result of every game. They post this in public for scrutiny and testing, and everyone is happy and the site runs 100% without people judging it's fairness.

Every draw should be in real time, and instant like these Bustabit games. < https://www.bustabit.com/ >

The "engine" is posted in public, here : https://github.com/moneypot/bustabit-gameserver/blob/master/server/lib.js#L146-L158

 

[10xBTCLotto]

What will be a good jackpot for you?

[huctalk]

I would want a really big jackpot. Anything less than 100,000x the cost of ticket just is not worth it. I can go play dice instead.

[10xBTCLotto]

I would want a really big jackpot. Anything less than 100,000x the cost of ticket just is not worth it. I can go play dice instead.

Like if the ticket costs 0.001 BTC the jackpot will be 100 BTC?

[ajareselde]

You are talking about a bitcoin lottery, so i'll just say that it's virtually impossible to operate (for now) such a service.
You would have to have insane high jackpot to make people to participate, but what would stop you or whoever is managing it from rigging the results or running away if jackpot is won ?

I don't see this happening, but here is when i would join :

- Jackpot would have to be at the least 100 000 USD in bitcoin equivalent
- The system would have to be provably fair
- There would have to be some sort of security that would disable the owner from running away with funds, and/or not paying out the reward.
- Proof of funds

cheers