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Author Topic: World's FIRST Bitcoin Lottery!  (Read 70865 times)
Xunie
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May 30, 2010, 11:25:08 AM
 #1

I've been thinking and I'll be hosting world's first Bitcoin lottery!

We'll be using the last two numbers of a real lottery, which one I do not know yet. (Maybe one that we can check online?)
When you'll buy your lot, you'll "bet" on a number between 00-99. (including 00 and 99 ofcourse!)

So, who's in for it?
What real lottery should we pick for our random numbers, or does anyone have a better source?
What price of the "lot" sounds preferable? 50 BTC? 25 BTC?
And what's the maximum amount of lots I want to let people buy? 3? 5 at most?

Please note that if the "jackpot" doesn't "fall" (no one wins), I'll keep hosting rounds until there does win someone, and I wont play myself.
So I want like a lottery that draws numbers every week if we can't get one that draws every day.

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Xunie
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May 30, 2010, 12:02:58 PM
 #2

I've been doing some quick research, Oklahoma Lottery's "Pick 3" game is perfect.
It requires the player to select 3 numbers between 0 through 9. (We'll only use the last 2 numbers ofcourse.)
It's drawn daily.
You can easily check the drawing's results here: http://www.lottery.ok.gov/pick3.asp.

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SirArthur
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May 30, 2010, 04:05:28 PM
 #3

You can use any flavor:

Lotto 6/49
Euromillions 5/50+2/9
or anyother

I was once thinking on create a sports (Soccer) 1X2 betting system, but on such time it was with Euros and... taken bet with that currency is "somewhat" illegal on my country and I couldn't afford a P.O. Box on Cayman Islands (and hire micro-dwarfs to work in the "office"  Grin ), I drop the project.

Maybe I can revive it for BCs.
lachesis
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June 11, 2010, 02:36:37 AM
 #4

I'm down. How do we make this happen?

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wobber
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June 12, 2010, 08:32:21 PM
 #5

I had an idea of making a 6/49 lottery. My concept was simple: You enter the website, choose the numbers on the ticket then the sistem PGP signs your ticket. Every Sunday the system extracts the 6 numbers out of 49 ( I even considered buying a small piece of hardware that would choose for those 6 numbers and put a live video feed)


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D҉ataWraith
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June 12, 2010, 09:46:37 PM
 #6

I had an idea of making a 6/49 lottery. My concept was simple: You enter the website, choose the numbers on the ticket then the sistem PGP signs your ticket. Every Sunday the system extracts the 6 numbers out of 49 ( I even considered buying a small piece of hardware that would choose for those 6 numbers and put a live video feed)

Hm, PGP signatures are a good idea. I'd still use the numbers from an already established system though, so you needn't bother with generating the numbers yourself. Coincidentally that'd also prevent you from cheating.

Speaking of which, what prevents you from just buying ten thousand tickets for yourself at no cost? ;-)




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lachesis
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June 12, 2010, 10:10:59 PM
 #7

It would be interesting if we could find some way to make this distributed like the Bitcoin client. I dunno if that's even close to possible, but it would be cool if it were.

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SirArthur
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June 13, 2010, 12:12:24 AM
 #8


Speaking of which, what prevents you from just buying ten thousand tickets for yourself at no cost? ;-)


Well... unless he's really a hard ass cheater, the prize pool would avoid such. "Buying 10K tickets" to himself would raise the main pot... means that if it comes that he looses to someone else, he would need to pay up from those 10K tickets.

But, there're 6/49 and all flavours of lotto on every country, why not simply use the official results instead of a own-made generator? That way everybody knows the system ain't rigged.
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June 13, 2010, 08:40:21 AM
 #9

Xunie, I'm in. Had this idea for ages, but since you posted it first I won't compete.
Also, a team does a better job than an individual.
I'd say 50 BTC for the start, is a good price and prevents people to play thousands of tickets
We have to do some math on on that, we'd want equal or even better chances than in the real world (that's if you accept me in the Bitcoin Lottery project)

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Xunie
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June 13, 2010, 07:03:22 PM
 #10

Okay, this is what's going to happen.

Everyone who wants to buy one or more Bitcoin lottery ticket(s), you post in this thread what number(s) you're buying, send me and I'll contact you how to pay.
Please note that I really want you to post in this thread what lot number(s) you're buying because other people will know what lot numbers are taken.
(And I do not like getting accused of scamming! Tongue)

If two people "buy" the same lot number, the person who posted first in this thread, gets that lot.
A maximum of 3 lots per player, no exceptions.
The lot price is 50 BTC.

The lottery will be drawn in 7 days on June 21.
The winning numbers are the last 2 numbers (middle and right) on this page, http://www.lottery.ok.gov/pick3.asp.
If no one wins, the next day's numbers are used, and we'll keep doing that until there's a winner. (No need to buy lots a second time, you'll keep playing.)

So when no one wins, it's only a matter of time before someone does.

And finally, everyone's money will be going into the jackpot in full, so there's no profit in it for me. (I ain't ripping Bitcoin off here! Tongue)
(And I wont be playing myself.)


Let the 'game' begin, hehe.

PS: A website's coming!

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Vasiliev
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June 13, 2010, 08:30:15 PM
 #11

So, we pick 2 numbers 0-9?

00
90
55

Do I just send 150BTC to your address?

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June 13, 2010, 09:16:51 PM
 #12

I've got:

15
lachesis
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June 13, 2010, 09:28:15 PM
 #13

77 81 96

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Xunie
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June 13, 2010, 09:35:00 PM
 #14

So far, I got these lot numbers taken by these owners! I find this increasing fast though! Shocked

00 Vasiliev
15 bencoder
34 solar-
53 solar-
55 Vasiliev
77 Lachesis
81 Lachesis
90 Vasiliev
93 solar-
96 Lachesis

That makes the current jackpot 500 BTC! Grin

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Xunie
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June 22, 2010, 02:17:33 PM
 #15

Well, obviously no one won.
So eh, we'll wait until someone finally does!

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Xunie
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June 23, 2010, 08:48:37 AM
 #16

Yay, Vasiliev won! Grin

I will setup a website, and some other place to get my random numbers from.
Thanks to everyone for participating!

Thank me for this post here: 1PyNKEyqtDFB4HBG8ueDVxdPZfgwC6gAqw
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