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Bitcoin Forum > Economy > Marketplace > Securities > [CS] LTC Lotto 6/49 looking for funding

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Author Topic: [CS] LTC Lotto 6/49 looking for funding  (Read 843 times)
Bitqualize (OP)
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November 28, 2013, 01:19:28 PM
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We are planning to launch a LTC Lottery based on the German 6/49 Lottery. To initially fund the jackpots we are collecting funds, check out the details at:

https://cryptostocks.com/securities/68
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November 28, 2013, 01:58:09 PM
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Quote from: Bitqualize on November 28, 2013, 01:19:28 PM
We are planning to launch a LTC Lottery based on the German 6/49 Lottery. To initially fund the jackpots we are collecting funds, check out the details at:

https://cryptostocks.com/securities/68



What odds will this lottery play at?

If I am a gambler and put in 1 bitcoin, what is the expected payout?
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November 28, 2013, 02:03:46 PM
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http://en.wikipedia.org/wiki/Lottery_mathematics#Calculation_explained_in_choosing_6_from_49

Ok, so to win first division you have a 1 in 13 million chance.

What type of bankroll do you intend to start with?

Just-Dice offers a 1 in 100,000 chance to spend $2.5 and win $250,000. I wonder if your game is competitive here?

Also you have almost a 1 in a million chance to win $250,000 from just playing $0.25 (cents).

Are you offering similar or better odds?
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November 28, 2013, 02:11:09 PM
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Yet another example of why you can't invest on Cryptostocks.
My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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