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Author Topic: Betcoin.eu - full automated lottery with 160% / 200% instant payout  (Read 8032 times)
DaMan
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June 26, 2011, 11:30:30 AM
 #1

Hello!

****************
Please note: This thread is a continuation of the former Bitcoin Lottery thread. The name was not really appropriate and I would like to phase out the other thread now and do it all here.

****************

Thank you for all the good ideas and PM's! I have implemented most of the ideas and I hope it is even better, fairer and a little nicer to have! Incidentally, the name was changed because "lottery" was not quite fit.

Current state of affairs:

New URL: http://betcoin.eu

Chance of winning: 50%
Payout Class 1: 160%
Payout Class 2: 200%
Rolling Range: 1-500 (1-499 in the mini-test mode at 0.01 btc bets)

Every even number wins , every odd number loses.

New Jackpot Payout: 99% (previously 90%, the missing percentage is used to calculate the Transaction Fee. I think it will be lower than 1%, but it's better to be safe and the transctions went through.)

This thread will be used for player feedback and update informations.

Greetings!
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GamblingPurveyor
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June 26, 2011, 11:51:00 AM
 #2

That name is easily confused with Betco.in (aka Betcoin), the Texas Hold 'Em site.

BTW, that is an absolutely massive house edge you've got there!


Chance of winning: 50%
Chance of losing: 50%
Payout for winning: 150%

Chance of winningx Payout- Chance of losing= Expected Value
50%x 150%- 50%= 70%

...or in other words, a house edge of 30%.
DaMan
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June 26, 2011, 12:46:21 PM
 #3


Many thanks to BillyBob (yesterdays Jackpot winner, 10,48 btc)!

He donated 2.7 Btc to the Jackpot!!!

It will be added as soon as the transaction is confirmed.

DaMan
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June 26, 2011, 01:42:46 PM
 #4


New Jackpot: 5.2627 Btc

drapetomaniac
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June 26, 2011, 01:50:50 PM
 #5

Just won a cool 1.5btc off this. Great setup, man.

Our markets will never be free until our currency is free.
Thanks to bitcoin we can now achieve that.

Self-proclaimed Intellectual Charity Fund: 1Pu97XgBoV5pNx1CHVnHjqfp6dHbxD3w6Z
DaMan
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June 26, 2011, 08:41:21 PM
 #6


Thank you. Use lower playing values next time Tongue Congrats!
DaMan
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June 27, 2011, 09:51:21 AM
 #7


New Jackpot:

6.2335 BTC
DaMan
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June 27, 2011, 03:45:06 PM
 #8

Implemented: excessive high bets will be refunded.

Current Jackpot: 6.9065 Bitcoins
DaMan
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June 28, 2011, 04:11:25 PM
 #9


Jackpot: 8.1311 BTC

 -> give it a try!


0.01 minimum bet for testing available.

http://betcoin.eu

DaMan
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June 30, 2011, 02:34:39 PM
 #10

Jackpot: 9.2151 BTC

 -> give it a try!


http://betcoin.eu
DaMan
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July 01, 2011, 12:10:04 PM
 #11

WEEKEND SPECIAL: 200% PAYOUT

every even number wins!

Current Jackpot: 10.2211 Bitcoins!

http://betcoin.eu
m4dhatter
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July 01, 2011, 12:44:11 PM
 #12

I know the payment has to be confirmed before the site rolls for you, but wont my bet show up in the stats before the payment is confirmed.

I made a bet of .15 but nothing ever showed up on your site. The name is madhatter.
DaMan
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July 01, 2011, 12:51:39 PM
 #13

Hi,

your bet should be in the »Waiting for payment confirmations« list like all the others. I will have a look in the database. Please note that the system will use your previous players name if you use the same bitcoin address.

I'll keep you informed. Hold the line ...

UPDATE:

Your registration is correct. But the bitcoin server did not receive your payment. There are two possible reasons:

1. Did you use the shown payment address? The one in the green box?
2. Does your client download the complete blockchain? If not, some transactions will be shown as »offline« if you click the bitcoin clients labels -> »Send/Receive« and back to »All Transactions«. If so, please restart your client.

If anything else went wrong, please post a screenshot of your client with the transaction in the »Project Development« thread:  http://forum.bitcoin.org/index.php?topic=22747

Kind Regards!
m4dhatter
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July 01, 2011, 01:01:54 PM
 #14

Yea, it never appeared in the waiting list. I just registered this name and have only used it this one time so we should be good on that front.

DaMan
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July 01, 2011, 01:09:01 PM
 #15

Your transaction arrived already and is shown in the list.

Good Luck!
m4dhatter
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July 01, 2011, 01:13:57 PM
 #16

All sorted. Thanks for the quick response. Come on 500!
DaMan
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July 01, 2011, 01:24:20 PM
 #17

@m4dhatter:

Roll a 111, 222, 333, 444 and I will send you 1 Bitcoin! Smiley

This offer lasts for 10 rounds ^^
Tunes0710
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July 01, 2011, 04:41:01 PM
 #18

I'm definitely getting value for money :-)
Invested 10 x .1 bets, and keep re-investing any winnings till I either win the jackpot, or all bets lose.
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July 01, 2011, 07:50:48 PM
 #19

Whoa, sooo close!

01. Jul 2011 21:43:51   HUmpfry   0.1   499   

Donate: 1CmL46JEBiAERNxTDqMaHoAoF9prSrhsyf
DaMan
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July 01, 2011, 08:20:05 PM
 #20

Damn, I hope the Bitcoin Server can handle so many requests. The gaming and database server has no problem right now, the cpu runs at 20%.

I am asking myself if the people play because of the jackpot or the 200% payout?

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