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Author Topic: [ANN ***] Bitcoin (BTC) Lottery based on the German 6 out of 49 System  (Read 2519 times)
Kumala
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October 17, 2012, 02:28:14 PM
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Bitcoin (BTC) Lottery based on the German 6 out of 49 System
 
https://btc-lotto.com
 
Bet using your BTCs on the official results of the German 6 out of 49 Lottery System. Every Saturday evening at 22:00 (UTC+1), the numbers are drawn, the event can be watched on TV.

The service is available from 17th October onwards

How does the system work?
You pick 6 numbers between 1 and 49, and one number between 0 and 9. You win based on how many of the numbers you picked match the weekly draw results.
 
How are the winning amounts calculated?
We take the total collected bets, subtract our fees for the service (5%) and distribute the remaining amount to the winners. The details of the quota calculation are documented on our web page. It is based on the official Lottery calculation schema.
 
How do you ensure transparency of the payouts?
Bets can be placed till 18:00 (German time). You can download the list of all bets placed from the web page prior to the draw, hence allowing you to verify our quota calculation and pay out amounts.
 
Fees?
One bet costs 0.02BTC.

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hamdi
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October 17, 2012, 03:36:57 PM
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great idea! but streamline the process.

email-reg + captcha sucks.

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October 18, 2012, 10:16:29 PM
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Your numbers are jacked. 6 out of 49? You know how many people will have to pay, to win?

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October 18, 2012, 10:38:14 PM
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What stops you from running away with a decent jackpot? Just wonder because if you really play 6 out of 49 it can be quite decent.

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Kumala
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October 19, 2012, 02:21:47 AM
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What stops you from running away with a decent jackpot? Just wonder because if you really play 6 out of 49 it can be quite decent.

This service is being provided by Vircurex.com . We have been providing a reliable and trustworthy service as a Cryptocurrency exchange for more than a year now and are also operating Cryptostocks.com. I believe we have shown our committment to the services we provide.

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Kumala
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October 19, 2012, 02:25:21 AM
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Your numbers are jacked. 6 out of 49? You know how many people will have to pay, to win?

Can you explain what you mean with "jacked'?

You may want to look at dvc-lotto.com  for our previous payouts.

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Kumala
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October 22, 2012, 02:09:05 PM
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For those not familiar with how the payout system of the German Lottery works. It is not a system where one winner gets all, on the contrary, there are several other categories to win in apart from getting the 6 numbers correct.

In total there are 8 classes (categories) to win:
ClassNumber correct numbersProbability in%Payout share
I6 Correct and BN correct0,000000715 %10 %
II6 Correct and BN wrong0,00000644 %8 %
III5 Correct with AN   0,0000429 %5 %
IV5 Correct without AN0,00180 %13 %
V4 Correct with AN   0,00451 %2 %
VI4 Correct without AN0,0924 %10 %
VII3 Correct with AN   0,123 %8 %
VIII3 Correct without AN1,64 %44 %

BN: Bonus number: a number between 0 and 9
AN: Additional drawn number

For every class that has no winner, the assigned share of the payout goes into the jackpot.

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