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Author Topic: Crypto currency lottery  (Read 83 times)
Sanctum09
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February 03, 2018, 06:01:49 PM
 #1

Hi

I found this website and want to ask if somebody bought already a ticket?
The website I am talking about is www.CoinBetNWin.com its a Crypto Currency lottery.
They have at the same time multiple bets on different amounts and coins.

The chances to win looks quite good especially compared to the real lottery :-)

Thanks
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February 04, 2018, 12:12:44 AM
 #2

Why do you think you can win better on this site than in real lottery system?

What I know is to win a lottery you should be very lucky even though participants are very less. If you're not lucky then you can't win a lottery.

There is no FAQ page on this site and user guide page doesn't exist.

What is the house edge?

What if they don't reach required bets or is there any timeline set to reach the required bets?
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February 04, 2018, 07:49:59 AM
 #3

I will never buy a ticket on any lotteries with no provably fair system. The site offers some great amount of prizes but it does not have SSL certificate? This is just a joke imho,
Lets check one of the lottery, the one with 1BTC prize. It is being claimed there are 140 tickets sold already, logically the address for the prizepool should have 140*0.0038btc= 0.532btc but in fact there is no single transaction on the address https://blockchain.info/address/1FTC9BeqW3dK2aKSFuKxozENFa88w33X3a

Do you get the same address for the 1btc lottery? Sorry to say, but I think it is just a fake lottery with fake winners. Its better to stay away.
Sanctum09
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February 04, 2018, 10:52:45 AM
 #4

at the real lottery the chance is one to some million. And if they only sell a few hundreds of tickets the chance would be 1 to a few hundreds.
I heard about some lottery system for real estates.

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February 04, 2018, 01:31:43 PM
 #5

whois:

Domain Information
Domain:
coinbetnwin.com
Registrar:
NameCheap Inc.
Registration Date:
2018-01-11
Expiration Date:
2019-01-11
Updated Date:
2018-01-11
Status:
clientTransferProhibited
Name Servers:
pdns1.registrar-servers.com
pdns2.registrar-servers.com


thats a three week's old domain,registered for one year only
without any provably fair  verification
checking contacts-there is nothing but a send email form,stock pictures for the "completed bets"
(pretty sure there were no completed bets,maybe an odd guy or two who had no better use for their coins other then sending them there)
one ticket cost 1 Ticket = 0.0038 btc ,yeah its 35$ for a ticket
think this should be enough for you to decide if you want to spend a cent on this "lottery" or not

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February 04, 2018, 02:48:37 PM
 #6

at the real lottery the chance is one to some million. And if they only sell a few hundreds of tickets the chance would be 1 to a few hundreds.
I heard about some lottery system for real estates.

First of all, would you mind to tell us how did you find this site? No offenses but I doubt you found it, because I think you are the man behind the site.
Second, if you are not the one behind the site then I do even sure that you knows about how lottery works. If you found it, I'm sure you are a lottery lover. It is very rare for non lottery lovers will find a lottery game then share it to others.
Third, even if the chance is bigger than some other lotteries but without clear explanation on how they choose the winners. It should not be a good reason to join a new "poor" lottery site.
Last one, no need to convince us to join this lottery. No one will be interested, trust me.

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Sanctum09
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February 04, 2018, 06:12:22 PM
 #7

thanks so far.
I saw a Link in a telegram chat.
Theb
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February 04, 2018, 06:42:21 PM
 #8

Good catch everyone. Seeing the site personally makes me think that it is really not safe to put your money in a lottery game like this. The site is poorly designed and a lot of pictures are taken from the internet, and also poorly designed sites means it was only built in a short time frame. If there is a possibility that this might be legit they should be offering up free tickets to their members in order for their members to participate freely, and if one of the members showed proof that they won, then their shouldn't be a problem regarding trust. But on other areas you should improve too if you are looking for a long term solution.

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February 04, 2018, 07:32:04 PM
 #9

Better choose a legit lottery site, those that has been known and really paying because it seems your chosen site is not a good place to buy ticket. You can try buying lotteries to freebitco.in thats for sure give payouts instead of making conclusions about this unknown sites, though I am not really into gambling and lotteries but seeing the site does not give confidence for me that it is good for gambling.

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February 05, 2018, 10:26:03 AM
 #10

I don't know that site, and I'm always very cautious when it comes to new gambling sites emerging, special lottery sites, because it's very easy for them to be complete scams. Also, why not play normal lottery? It's quite easy to buy tickets, you know you won't be scammed since they are all legislated, and the amounts of money you can win are quite substancial as well (most of the times even larger), so I'm not a very big fan of crypto lottery.

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