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August 27, 2015, 11:31:44 AM |
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The site is fortune300.itwuw.com. I will be adding lotteries once I hit a certain number of members, so the lotto can start of with a jackpot of $5,000 or better and build from there with each entry.
I have the odds displayed for each raffle. I'm considering adding $2 entry and/or $3 entry raffles. I'm trying to find the sweet-spot where the raffle will have a low cost entry, good odds, and decent prize size( example: $3 entry-prize $1,000-odds 1/400 ) or ($3e-prize$100-odds 1/45)
The raffles are played in credits. Each credit is equal to $1 USD. Credits were a lot easier to manage then various bitcoin numbers and prices.
Winner receives "x" amount of credits, whatever the pot was for the raffle.
User cashes out and the "x" amount is paid out in the bitcoin equivalent. ($1,000 credits user receives 4.44 bitcoins)
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