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Author Topic: SatoshiLottery.net|LiveStreamed Bitcoin Lottery| .01/ticket Jackpot฿0.6247  (Read 4639 times)
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June 15, 2013, 04:26:57 AM
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SatoshiLottery.net | The first ever live streaming Bitcoin Lottery and Raffle Website.


Drawings are held on Sunday, Tuesday, Wednesday, Friday, & Saturday nights @ 9pm ET.

Tickets for each drawing are 0.01, 0.1, & 1 BTC per entry and can be purchased on the "Tickets" page.

There is now a Members Chatroom. Claim your name and rep it in chat with the new "Raffle Ticket Naming System"

**Updates** (07/13/2013)

2 new lotteries have been added to the website.

A twice weekly BTC0.1 MEGALOTTO with a reduced amount of BANK tickets @ 10%.
(Every Tues & Fri 9pm ET) Tickets 0.1 each.

A weekly BTC1 ULTRALOTTO drawing with a GUARANTEED WINNER because there will be NO BANK tickets.      (Every Sunday 9pm Et) Tickets BTC1 each. (payout is 90%)

The BANK ticket structure has been modified, as well...
When  BANK wins, and the prize rolls over, the next drawing will see the ratio of BANK tickets reduced by 5% until after after a 3rd consecutive rollover. In the event BANK wins 3 consecutive drawings, the next (4th) drawing will be devoid of BANK tickets, GUARANTEEING A WINNER of a seemingly huge Jackpot.

**************************************************************************************
                                                    
How It Works

Purchase the desired amount of entries on the "Tickets" page. Entries cost 0.01, 0.1, & 1 BTC each. There is no limit on entries, enter as many times as you like. After several confirmations you will see your ticket name and number of entries for that ticket on the Entry Board.

On the night of the drawing the stream will go live...
At this time all entries will be tallied. We then add 20%, 15%, 0% of the sum of all entries with what are called "Bank" tickets. (They rollover the pot to the next drawing. I'll explain in detail below)  You will then be able to watch us place all of the tickets into a randomizer @random.org for shuffling and into the raffle software just before the drawing begins.


The Drawings:

The drawings are a "Last man standing" type of raffle. What this means is pretty self explanatory; tickets are drawn until there is only one remaining. This ticket will be the grand prize winner, which is 80% of the prize pool. (10% rolls over in the event of a Jackpot being hit by someone other than BANK)

SatoshiLottery gets 10% of the pot.



Bank Tickets:

Okay, so we there will 20% and 15% more tickets in the drawings now that the BANK tickets are in, but what is their purpose?,


If a "Bank" ticket ends up in the prize-winning spot, the full 90% prize will rollover to the next drawing. This will hopefully allow the pots to occasionally grow.

Furthermore, when  BANK wins, and the prize rolls over, the next drawing will see the ratio of BANK tickets reduced by 5% until after after a 3rd consecutive rollover. In the event BANK wins 3 consecutive drawings, the next (4th) drawing will be devoid of BANK tickets, GUARANTEEING A WINNER of a seemingly huge Jackpot.


20% for the 0.01 SatoshiLotto (1/5 chance the pot rolls over)

(15% chance after first rollover)
(10% chance after 2 consecutive rollovers)
(Guaranteed a winner after 3 rollovers)

15% for the 0.1 MegaLotto (1/10 chance the pot rolls over)

(10% chance after first rollover)
(5% chance after 2 consecutive rollovers)
(Guaranteed a winner after 3 rollovers)

0 Bank tickets for the 1BTC UltraLotto (Guaranteed Winner) (no rollover / 90% payout)

Payouts:

You do not have to be present for the drawing to win. All wins will be sent to the winning ticket holder's sending address immediately after the drawing ends. (Be sure to include your wallet address or valid email in the payment form)

*************************************************************************************
 
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June 15, 2013, 05:42:55 AM
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What is the maximum allowed bet ?

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June 15, 2013, 05:54:49 AM
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You can buy as few or as many entries into the drawing as you like. There is no limit.

Thanks for checking it out!
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June 15, 2013, 05:55:57 AM
 #4

Nice idea, I'll test it.
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June 15, 2013, 07:15:35 AM
 #5

I just updated to a different payment system. You can now enter a nickname/moniker into the name field of the payment pop-up. You can also set an email to be issued a receipt (all optional) If you don't care to be listed in the drawing as a name then the 8 digit reference code will be your identifier.

This doesn't matter either as all wins will be sent to the sending address. I should probably make sure that last bit is stated on the site.

Thanks for checking it out. We'll turn on the live stream for the very first drawing tonight at 9pm et.

Good luck!
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June 15, 2013, 08:05:18 AM
 #6

This seems like a cool idea. Will definitely be trying my luck in the first drawing!!!

I really hope this catches on so the prize pool might grow some pretty big numbers.

Eventually it would be cool to see like over 1 btc in the pot.

 

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
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June 15, 2013, 10:43:44 AM
 #7

Want to win free entry into the next live drawing?

Follow us on Facebook & Twitter for your chance!


https://www.facebook.com/Satoshilottery

https://twitter.com/SatoshiLottery
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June 15, 2013, 08:08:19 PM
 #8

There's only 5 hours left before the livestreamed bitcoin raffle fires up.
The stream will go live@ 9pm et and I expect the drawing to last no more than 15 minutes - The drawing software is pretty fast.

Don't miss out on the first ever livestreamed bitcoin Lottery drawing!
Entry for as little as .01 btc.

http://www.SatoshiLottery.net
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June 15, 2013, 09:44:01 PM
 #9

How's the status on this..
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June 15, 2013, 10:29:25 PM
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The pot is at 0.23 btc. 23 entries We're going live with the drawing at 9pm et, about 2 1/2 from now.
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June 15, 2013, 11:44:31 PM
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45 minutes left to buy entry into tonights live drawing!

Tickets cost .01 btc each and can be obtained here: www.satoshilottery.net/tickets.html
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June 16, 2013, 12:28:06 AM
 #12

liked on facebook and followed on twitter @psuedo_noob.

can i still get in on drawing tonight?

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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June 16, 2013, 12:48:43 AM
 #13

SatoshiLottery.net | The first ever live streaming bitcoin raffle.

The first ever Live-streamed bitcoin raffle pops off Saturday night!
...
That's tonight!

Drawings are held on Wednesday & Saturday nights @ 9pm et.

Tickets for each drawing are .01 btc per entry and can be purchased on the "Tickets" page.

There is now a Members Chatroom. Claim your name and rep it in chat with the new "Raffle Ticket Naming System"

 Can we do the drawing

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

Purchase the desired amount of entries on the "Tickets" page. Entries cost .01btc each. There is no limit on entries, enter as many times as you like. After several confirmations you will see your ticket # and number of entries for that ticket # on the Entry Board.

On the night of the drawing the stream will go live...

At this time all entries will be tallied. We then add 1/4 of the sum of all entries with what are called "Bank" tickets. (I'll explain these in a moment) You will then be able to watch us place all of the tickets into a randomizer for shuffling. We then throw the tickets into the raffle software and the drawing begins!


The Drawing:

The drawing is a "Last man standing" type of raffle. What this means is pretty self explanatory; Tickets are drawn until there is only one remaining. This number will be the grand prize winner, which is 65% of the prize pool. There are also 2nd and 3rd place prizes. 2nd place will receive 25% of the pool leaving 3rd place with 10%.

SatoshiLottery gets 10% of all wins.


Bank Tickets:

Okay, so we know there will be 25% more tickets now that the "Bank" tickets are in, but what are their purpose?

If a Bank ticket ends up in a prize winning spot (1st,2nd,3rd), that individual prize (minus the house tax of 10%) will rollover to the next drawing. This will hopefully keep funds in the pool and allow it to grow with each drawing.

Payouts:

You do not have to be present for the drawing to win. All wins will be sent to the winning ticket #'s sending address immediately after the drawing ends.

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

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June 16, 2013, 06:27:44 PM
 #14

Well our first drawing went down last night without any problems. 30 tickets were in the mix and we had 16 viewers after the stream went live.

"clubaseal"
took down 1st and 2nd place, with the "Bank" ticket taking 3rd rolling that prize over to the next drawing, which will be Wednesday night at 9pm et.

Here are the results in descending order.

1.     BANK #4
2.     16 clubaseal
3.     23 9M0J4DUD
4.     24 sootedtho
5.     22 trip420
6.     7 clubaseal
7.     15 clubaseal
8.     BANK #2
9.     20 clubaseal
10.     10 clubaseal
11.     1 clubaseal
12.     5 clubaseal
13.     8 clubaseal
14.     19 clubaseal
15.     18 clubaseal
16.     BANK #1
17.     BANK #3
18.     4 clubaseal
19.     9 clubaseal
20.     17 clubaseal
21.     3 clubaseal
22.     6 clubaseal
23.     21 JohnKrakatoa
24.     12 clubaseal
25.     14 clubaseal
26.     11 clubaseal
27.     BANK #5
28.     BANK #6          3rd
29.     2 clubaseal         2nd
30.     13 clubaseal
   1st

Follow us on Twitter & Facebook for your chance to win entry into the next drawing on Wednesday night!

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June 17, 2013, 07:00:07 AM
 #15

I've made some tweaks to the system

1.) Now, instead of 1st, 2nd, and 3rd place prizes; it's a WTA Last Man Standing Raffle. Winner receives 90% of the pot.

2.) The amount of "Bank" tickets to be submitted has been reduced from 25% of the sum of all entries to 20%.
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June 17, 2013, 11:14:02 PM
 #16

Free Lightning Raffle pops off at 9:30pm et!!!
Winner receives (1) free entry into Wednesday nights Jackpot drawing!

To enter, all you have to do is go to SatoshiLottery.net, select a username in the chat widget and simply say "I'm in!". Then, in the same chat window, enter your return wallet address for the board and so I know where to send your prize if you win Wednesday's Jackpot Drawing. Good Luck! See you all at 9:30pm et!

(Current Jackpot: 0.2116 btc)
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June 18, 2013, 01:25:26 AM
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Your website looks like it was made in 2001.
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June 18, 2013, 01:48:44 AM
 #18

Your website looks like it was made in 2001.

LOL  Cheesy

BTW, Nice raffle site.

I'd suggest that you just give prizes for the 1st winner while jackpot is < BTC 1.0

If it's > BTC 1.0 then prizes should also go to 2nd and 3rd...

Is there any plan in turning the lottery provably fair?

Cheers!

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June 18, 2013, 06:06:50 AM
 #19

@Financisto: You're right, and I had already thought of that. I changed it last night to a 1 prize drawing for the time being. I also lowered the amount of Bank tickets from 25% to 10%.

Watch a drawing and you will see that it is fair.

@b!z: Bitcoin didn't exist in 2001 so it would be impossible for me to have created the site in 2001. Cheesy


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June 18, 2013, 06:33:34 PM
 #20

Well our first drawing went down last night without any problems. 30 tickets were in the mix and we had 16 viewers after the stream went live.

"clubaseal"
took down 1st and 2nd place, with the "Bank" ticket taking 3rd rolling that prize over to the next drawing, which will be Wednesday night at 9pm et.

Here are the results in descending order.

1.     BANK #4
.
.
.
23.     21 JohnKrakatoa
24.     12 clubaseal
25.     14 clubaseal
26.     11 clubaseal
27.     BANK #5
28.     BANK #6          3rd
29.     2 clubaseal         2nd
30.     13 clubaseal
   1st

Follow us on Twitter & Facebook for your chance to win entry into the next drawing on Wednesday night!




Dayum so close! For next i have 2 tickets ! GLGL

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