Manual Raffles

[Menelik]

Okay, so I want to run some raffles. I would setup a website but I can't code so manual is the way to go (for now). First raffle will be worth BTC0.014 with 20 tickets to sell for BTC0.001 each. Ticket will be selected at random using random.org.

So pick a number or numbers between 1-20, send in your payment and when all tickets have been purchased the winner will be drawn. Post your transaction and tickets bought here. If I don't sell all the tickets for the round, everything will be refunded.

Coinbase: 177WnUN1kN5VijmWro5UjL6yhrgncGv6t3

Inputs.io: 1DrozL6swkiVndZt9zp3hko8GxAk49iduZ

I think that covers everything that needs to be said.... So, anyone in?

[saif313]

I want to be in but currently my blockchain account troubling and cannot send payment to you as its fix I will in

[Menelik]

Bumpin to get more gamblers. (any actually.....  )

[cbhelp]

20 tickets @ .001 is .02..... You think only giving out 50% and keeping 50% is fair? Make the prize pool .0175, and have the coins go into an escrow and people might join.

[Menelik]

20 tickets @ .001 is .02..... You think only giving out 50% and keeping 50% is fair? Make the prize pool .0175, and have the coins go into an escrow and people might join.

Fair? Yes. Attractive enough? No. I will change it to 0.014 for this first round (all I can afford now) and then 0.0175 for all consecutive rounds. Don't know how to escrow for this. I guess I'll find someone will proven trust to hold the coins from tickets bought, pay out from my own account when the round ends and then get the held coins to continue the rounds. Looking into that now.

[cbhelp]

Fair?  All you are doing is putting numbers into a random number site and clicking a button. All you can afford?  YOU AREN'T PAYONG ANYYHING.......

[Menelik]

Fair?  All you are doing is putting numbers into a random number site and clicking a button. All you can afford?  YOU AREN'T PAYONG ANYYHING.......

If I had escrow set up, I would be paying out from my own balance. The only reason I'm only running one round now is because I'm only running what I personally can afford to pay out. That's what I meant.

[Dabs]

You could ask your escrow provider if he can pay out the prize from the tickets that were paid for. However, you system of picking out the winner is not provably fair.

[Menelik]

You could ask your escrow provider if he can pay out the prize from the tickets that were paid for. However, you system of picking out the winner is not provably fair.

That is absolutely true. How to make it provably fair? I've read up on how different sites do it and I can barely follow the layouts. I think I would need a publicly known hash (Thinking of using sha-256) generated with a random nonce (which I think is supposed to be any sequence of numbers) and then an unknown hash (unknown by anyone, even me) and some how use those two to determine the winner. Then publish the unknown hash so people can check. Don't know what that unknown hash would be based off of though.... Maybe the registration date of the person who buys the last ticket. Or something.....

[cbhelp]

OP thinks that running a 20 second raffle is worth keeping 50% of profits. 

Wanna raffle?  I'll start a real one, real fast, real cheap, and with very little house rake. Link forthcoming.

[cbhelp]

https://bitcointalk.org/index.php?topic=297469.new#new

Heres how you do a fast, cheap, raffle and dont kill the players by taking 50%

[b!z]

Why not use peerbet?

[Dabs]

b!z, cuz we wantz to make money, that's why.

[cbhelp]

Why not use peerbet?

Peerbet does raffles?  That's cool.

[Dabs]

Why not use peerbet?

Peerbet does raffles?  That's cool.

Thats the only thing they do, actually.

[saif313]

Why not use peerbet?

Peerbet does raffles?  That's cool.

Thats the only thing they do, actually.

and doing very good I use many time and have too much withdraws from them

[cbhelp]

I was doing a raffle where I was donating my share (one ticket worth) of each draw to the charity for food on here that Phinneus Gage is running.  Does Peerbet let me set up the raffle so that I get a small cut of each draw, so it can be donated?  Or is it winner take all, not cut for the raffle maker?

[Dabs]

It seems the maker does not get a cut. It's supposed to be zero house edge raffles. I think you should continue your raffles for charity, but do a more realistic time frame, like daily or weekly or by threshhold.

I read it and I just remembered, I do have a similar charity here that I used to do, but it was just too much work for too little results. Now I realize I could attempt to do it again using donations by bitcoins!

I'll start my own thread for that.

[bitcoin44me]

So, any new on this?