Lottery project - say what you think

[Mesquito]

Hi. I don't know how do it with security and trust. Lets discuss about.
I have a ideia of a lottery project in which people bet 0.0015 to a scrow address, and weekly a lottery for choose a random winner from the donators and send 90% of lottery address balance.
Every week with a new address and a history. Too I'm planning a site for it and wanting know how do Bitmessages+PGP signs.
For this week my planned address will be 1LUCKpajTjE8d2HPDx7Z5awQ59PGKpCaxV
What you think about?
Lets discuss.

[yahoo62278]

Well honestly noone will show any interest in a lottery where the house takes 50%. You may as well forget about it now and not lose sleep.

[Mesquito]

Well honestly noone will show any interest in a lottery where the house takes 50%. You may as well forget about it now and not lose sleep.

Whats the minimum value the "house" can get weekly?
I think 10% is good enough.

[Xanidas]

first, do you know what is the use of the "EDIT" button? since you have a paid signature i think this will be a ground for you getting banned

there are some users that tries to run a lottery here in the past, they even use escrow, some are even trusted member of the forum but they all don't get users interested in lottery

[umairsaleem011]

Its so easy to do but you don't have the skill otherwise you would be doing it and not here talking about it. Its such a good idea though that I may take the idea and make it a reality myself. You don't mind do ya?

[Lutpin]

first, do you know what is the use of the "EDIT" button? since you have a paid signature i think this will be a ground for you getting banned

The user doesn't have a paid signature and given their posting habits, they might not have one for a very long time.

Its so easy to do but you don't have the skill otherwise you would be doing it and not here talking about it. Its such a good idea though that I may take the idea and make it a reality myself. You don't mind do ya?

It's neither a new idea nor a very good one.
There've been similar projects in the past that went...well, not so good.

Well honestly noone will show any interest in a lottery where the house takes 50%. You may as well forget about it now and not lose sleep.

IIRC even projects with a low house edge/no house edge have a problem getting a foot on the ground.
Wasn't there a +EV lottery by RHavar not too long back?

[whanethewhip]

If you're looking for opinions, then I'd rather see a Bitcoin Lottery pool with a focus on some of the large paying lotteries like the California lotteries that pay out 100's of millions. But you would have to start small and build trust over time and be able to convert BTC to $ to buy the tickets.

[Mesquito]

first, do you know what is the use of the "EDIT" button? since you have a paid signature i think this will be a ground for you getting banned

there are some users that tries to run a lottery here in the past, they even use escrow, some are even trusted member of the forum but they all don't get users interested in lottery

I know the "EDIT" button, but I don't see a "HISTORY" button   I'm a Git user  
I can explore benefits of have a very low quantity of users   (High bets and higher chance to win)
I'll think about it. Good to know that it is legal, is only the info I need.

[hilariousandco]

Please only bump your thread once every 24 hours. You can edit the previous post or the op with any additional info. Thanks.

Also, you're likely wasting your time with lotteries as they're usually very unsuccessful even with more veteran users.

[olubams]

Hi. I don't know how do it with security and trust. Lets discuss about.
I have a ideia of a lottery project in which people bet 0.0015 to a scrow address, and weekly a lottery for choose a random winner from the donators and send 90% of lottery address balance.
Every week with a new address and a history. Too I'm planning a site for it and wanting know how do Bitmessages+PGP signs.
For this week my planned address will be 1LUCKpajTjE8d2HPDx7Z5awQ59PGKpCaxV
What you think about?
Lets discuss.

its going to take a long and hard work to really convince people into your project and actually sell the idea without some basic infrastructure on ground. I will suggest you focus on getting the infrastructure ready before venturing into this project... my opinion though...

[Sergiorr101]

Hi. I don't know how do it with security and trust. Lets discuss about.
I have a ideia of a lottery project in which people bet 0.0015 to a scrow address, and weekly a lottery for choose a random winner from the donators and send 90% of lottery address balance.
Every week with a new address and a history. Too I'm planning a site for it and wanting know how do Bitmessages+PGP signs.
For this week my planned address will be 1LUCKpajTjE8d2HPDx7Z5awQ59PGKpCaxV
What you think about?
Lets discuss.

i saw many people that wants to run lottery like this, but they either didn't work from start as no players, or was closed after few rounds for same reason

[xuan87]

I dont think the project can work, i ever had the same idea, but after do some research i cancel my plan, because the people who are interested in lottery is very small, then they will question the total fund and then how is the drawing system and how can your system proof that the lottery is provably fair, so i suggest just find another game

[Nahl]

i saw several times Lottery project thread at this forum but most of them doesn't working well because have lack of interest and those lottery is not guarantee 100% fair and i personally dislike this project because i wasn't got lottery in my entire life and will avoid any lottery such as this

[Palodar]

i saw several times Lottery project thread at this forum but most of them doesn't working well because have lack of interest and those lottery is not guarantee 100% fair and i personally dislike this project because i wasn't got lottery in my entire life and will avoid any lottery such as this

yeah this is real talk. i think online lottery must have a live streaming of their drawing of the winning number so that the result is valid just like the real lottery. they have a schedule of their draw and broadcast it online. I think the result in the existing site now is not legit because of their jackpot prize. AFAIK i didn't saw a real winner in a lottery and if they have, i can't validate if that user is a legit winner or one of the account of owner. as simple as that

[panjul07]

i saw several times Lottery project thread at this forum but most of them doesn't working well because have lack of interest and those lottery is not guarantee 100% fair and i personally dislike this project because i wasn't got lottery in my entire life and will avoid any lottery such as this

yeah this is real talk. i think online lottery must have a live streaming of their drawing of the winning number so that the result is valid just like the real lottery. they have a schedule of their draw and broadcast it online. I think the result in the existing site now is not legit because of their jackpot prize. AFAIK i didn't saw a real winner in a lottery and if they have, i can't validate if that user is a legit winner or one of the account of owner. as simple as that

Having live streaming of the drawing is not a must, the more important thing is that the lottery is provably fair where people are able to verify the result. Live streaming is not provably fair enough imho, because it can be manipulated before the drawing.
I was a fan of local fiat lottery, I have won a nice amount from the lottery few years ago then I decided to stop playing it because I dont want to lose the winning. I'm sure if I continue playing lottery, I will lose all my winning + my money.

[Herbert2020]

Hi. I don't know how do it with security and trust. Lets discuss about.
I have a ideia of a lottery project in which people bet 0.0015 to a scrow address, and weekly a lottery for choose a random winner from the donators and send 90% of lottery address balance.
Every week with a new address and a history. Too I'm planning a site for it and wanting know how do Bitmessages+PGP signs.
For this week my planned address will be 1LUCKpajTjE8d2HPDx7Z5awQ59PGKpCaxV
What you think about?
Lets discuss.

i wish you good luck but in the past, the lotteries never get any attentions here. i used to like playing the lottery but ever since i came to bitcointalk and seeing how poorly they are handled i gave up on the idea.

there are a couple of problems with your post and the lottery you are suggesting:
1) instead of posting your own BTC address you should have first talked with a trusted escrow and in case someone accepted used his BTC address and asked him to sign a message and post it here for you.
2) you have not said an i think you have no idea about picking the winner provably fair. and that is why your idea will fail to attract any attention.
3) and i still think even 10% for the house that really doesn't do anything is a bit high.

[csnorthchina]

1 good point, how can I trust you?

not saying you will running away, but you can just make your alt to get the prize....

[electronicfactura]

Gambling has become very advanced and is considered one of the fastest way of making money though it works vise-versa but this is not the case here. Lottery is outdated concept when it is played with bitcoin everyone will prefer to well known and popular games. For example I also play lottery but national 6/49 because the prize will be higher. For regular gambling I will prefer sports betting and dice with other.

[Palodar]

i saw several times Lottery project thread at this forum but most of them doesn't working well because have lack of interest and those lottery is not guarantee 100% fair and i personally dislike this project because i wasn't got lottery in my entire life and will avoid any lottery such as this

yeah this is real talk. i think online lottery must have a live streaming of their drawing of the winning number so that the result is valid just like the real lottery. they have a schedule of their draw and broadcast it online. I think the result in the existing site now is not legit because of their jackpot prize. AFAIK i didn't saw a real winner in a lottery and if they have, i can't validate if that user is a legit winner or one of the account of owner. as simple as that

Having live streaming of the drawing is not a must, the more important thing is that the lottery is provably fair where people are able to verify the result. Live streaming is not provably fair enough imho, because it can be manipulated before the drawing.
I was a fan of local fiat lottery, I have won a nice amount from the lottery few years ago then I decided to stop playing it because I dont want to lose the winning. I'm sure if I continue playing lottery, I will lose all my winning + my money.

Lol. So how can you do a probably pair in lottery? How does the live drawing can be manipulated??? Hahaha. I wont disagree with you if there's a magic involve. But saying live drawing of lottery can be manipulated is like saying that the real lottery is not a pair game.. it is just mixing a balls and randomly pick a lucky number while its case is spinning just like the real one. Common men if you are really a fan of real lottery you will know what i mean in applying this kind of method of drawing seems the biggest issue in online lottery is the legitimacy of result

[shadobitz]

From my point of view this kind of lottery has no charm for people, where only one person get the whole prize pool in the end of the week, we have more better ideas and lottery games already, so that I don't think this idea will get attention from people.