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Author Topic: btcLottery closing our doors  (Read 1277 times)
btcLottery
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September 12, 2011, 05:15:15 AM
 #1

The results from our first Pick-3 drawing are in out of 34 tickets sold, 6 of them were winners!
- The Winning number is 1-7-2
- There was 1 Match 2 winner, winning .5 BTC
- There were 5 Match 1 winners, winning a total of .09669 BTC

The full results are available at:
http://www.btclottery.com/results/09122011.php

I will update this post with proofs of payment.

Next Drawing is 9/19, and it's betting address is:
1qbh9VWBmA3k5HC4eAqKVkFyMGA9NPyq2

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

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September 12, 2011, 05:21:55 AM
 #2

I'm a dumbass.  I'm player #34, with the note "Original bet of .1 was over the max."

I misread the min/max.  Please  keep the .08 BTC.  I can't even buy a soda for that much, and I'm happy to tip a game operator .49 cents USD.

I guess, looking at it now, I'm surprised that the min/max are so low.  Looking at the payouts you posted, I'd probably not play again for such small amounts.

I suggest you increase the amounts by 10x.   5 BTC win would be much better than 0.5, and does anyone really object to betting 0.1 BTC?

Thanks!


Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
Play my FREE HTML5 games at: http://magigames.org  BTC donations accepted.
btcLottery
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September 12, 2011, 05:41:44 AM
 #3

I'm a dumbass.  I'm player #34, with the note "Original bet of .1 was over the max."

I misread the min/max.  Please  keep the .08 BTC.  I can't even buy a soda for that much, and I'm happy to tip a game operator .49 cents USD.

I guess, looking at it now, I'm surprised that the min/max are so low.  Looking at the payouts you posted, I'd probably not play again for such small amounts.

I suggest you increase the amounts by 10x.   5 BTC win would be much better than 0.5, and does anyone really object to betting 0.1 BTC?

Thanks!



First off, thanks for the tip Smiley

As for the min/max, this is where my heart is torn.

I would love to do .1 for a bet, BUT, if someone were to bet .1 and hit the big prize, the Strait, which pays out 500:1, I would be screwed.  I would then have to fork out 50 btc, and I'm no miner, so I don't have 50 btc to my name.

Thus, I purposely put my own 20btc in to start it, and set the maximum bet to [prize pool / 1000] so that In the event that someone does actually hit the big one at the max bet, it only takes half the prize pool, and it's something I can recover from...


http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R118438
btcLottery
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September 12, 2011, 05:51:18 AM
 #4

I'm a dumbass.  I'm player #34, with the note "Original bet of .1 was over the max."

I misread the min/max.  Please  keep the .08 BTC.  I can't even buy a soda for that much, and I'm happy to tip a game operator .49 cents USD.

I guess, looking at it now, I'm surprised that the min/max are so low.  Looking at the payouts you posted, I'd probably not play again for such small amounts.

I suggest you increase the amounts by 10x.   5 BTC win would be much better than 0.5, and does anyone really object to betting 0.1 BTC?

Thanks!



First off, thanks for the tip Smiley

As for the min/max, this is where my heart is torn.

I would love to do .1 for a bet, BUT, if someone were to bet .1 and hit the big prize, the Strait, which pays out 500:1, I would be screwed.  I would then have to fork out 50 btc, and I'm no miner, so I don't have 50 btc to my name.

Thus, I purposely put my own 20btc in to start it, and set the maximum bet to [prize pool / 1000] so that In the event that someone does actually hit the big one at the max bet, it only takes half the prize pool, and it's something I can recover from...



Alright, I'm thinking out loud here.
I suppose I could get the min bet to .1 btc.
However I would have to:
1) Purchase some more btc. (or get a really generous early-investor/miner to volunteer some btc Wink )
2) Set the payout of the strait win to 250:1 (Some actual Pick-3 lotteries already pay this much), thus a win wouldn't completely wipe me out if the bets were set to .1 btc.
3) I've already eliminated the Match 1 win, which at 1:3 odds, was too easy and would stop any noticeable growth in the prize pool...

Are you guys ok with this?  I don't like changing the rules mid-game, but if you feel this would be a better way to go, I would be happy to give it a go...

Again, I'm not in this for the money, I really don't make anything doing this.  I just really like bitcoin and want to see it grow.

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R118438
geek-trader
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September 12, 2011, 06:11:13 AM
 #5

Whoa.  I didn't realize there was a payout that could break you. 

I say reduce that big payout.  I'd rather have a game every week for a long time than have you broke.

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
Play my FREE HTML5 games at: http://magigames.org  BTC donations accepted.
btcLottery
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September 12, 2011, 07:40:35 AM
 #6

Alright, I've made some adjustments.  I've lowered the payouts, and raised the bet size to .1 BTC.  If this does begin to raise the prize pool over time, I will definitely bring back min/max bets, to encourage a little more action.  Thanks for your input!  All the changes are live, and considering no one has purchased any tickets for the current game, I don't feel like I'm changing the rug under anyones feet...

Thanks again Smiley

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R118438
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September 12, 2011, 05:42:26 PM
 #7

Alright, I've made some adjustments.  I've lowered the payouts, and raised the bet size to .1 BTC.  If this does begin to raise the prize pool over time, I will definitely bring back min/max bets, to encourage a little more action.  Thanks for your input!  All the changes are live, and considering no one has purchased any tickets for the current game, I don't feel like I'm changing the rug under anyones feet...

Thanks again Smiley

I'm in.

Make 1 deposit and earn BTC for life! http://bitcoinpyramid.com/r/345
Play my FREE HTML5 games at: http://magigames.org  BTC donations accepted.
btcLottery
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September 18, 2011, 10:36:18 PM
 #8

Hey everyone!

Next drawing for our Pick-3 is tonight just after midnight.  As of right now, there are 4 hours and 24 minutes left to get your tickets for the drawing.  Good luck!


http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

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September 19, 2011, 07:20:22 AM
 #9

The results from today's Pick-3 drawing are in and we have a winner!
- The Winning number is 0-6-2
- There was 1 Match 2 winner, the person owning 131waGWpkq8R2spYq1UP2ixV5SdMaxK5U2, who won 1 BTC.  The winning ticket was 0-0-2.  Proof of payment is available here:
http://blockexplorer.com/tx/dda8c043c72dbe266ed96da82cca9b219c9fb1f263d36836f7b3d5309609a6aa#o1

The full results are available at:
http://www.btclottery.com/results/09192011.php

Next Drawing is 9/26, and it's betting address is:
1KqhsR6HLgJaeZ6ybaKYWk9wrLWeLidRxM

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
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September 27, 2011, 01:05:07 AM
 #10

There were no winners in this weeks drawing! Full results can be found here:
http://www.btclottery.com/results/09262011.php

So I have an unfortunate bit of news this week. I am out and about on business, and will not be back home until roughly 10/21, and while I packed all my clothes, and brought my laptop and website code, I forgot to pack my gosh darn bitcoin wallet!! As a result, I cannot set up a new bitcoin address for this week's new drawing, nor can I do so again until I get home!!

I fully apologize to all of you, this week we sold 20 tickets and things are getting more exciting each week. The current prize pool is 22 BTC, for the record, and when I get home and bring btclottery.com back to life, the prize pool will still be 22 btc and we will continue things where we left off..

My sincerest apologies,

boss (at) btclottery (dot) com

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Flexcoin ID: btcLottery
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October 24, 2011, 05:26:05 AM
 #11

The results from today's Pick-3 drawing are in there were no winning tickets....
- The Winning number is 3-6-1

The full results are available at:
http://www.btclottery.com/results/10242011.php

Next Drawing is Halloween morning! ... and it's betting address is:
12AS4Hd7L5PsiJq2w8tBorQZUa9PJNcZQx
Tickets are .1 btc each and the prize pool is now up to 22.7 btc as of this post.

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
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November 01, 2011, 07:46:14 PM
 #12

There were no winners in yesterday's Pick-3 drawing...
- The Winning number is 7-3-6

Click here for full results...

Next Drawing will take place on the morning of 11/7 ... and it's betting address is:
164Un3Kit6JGtjKtJzbFWPymrZCD4LWNc6
Tickets are .1 btc each and the prize pool is now up to 23.9 btc as of this post.

Good Luck!

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R118438
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November 09, 2011, 02:39:14 AM
 #13

There were no winners in this week's Pick-3 drawing...
- The Winning number is 2-1-5

Click here for full results...

Next Drawing will take place on the morning of 11/14 ... and it's betting address is:
1HWN3qQ3pbuJQ6nXHvd25rvUj1hipzVh6m
The prize pool is now up to 24.8 btc as of this post.

Also, new this week: There are now maximum bets.  You can now bet anywhere from .1 btc to .124 btc!  If the prize pool rises next week, so will the maximum bet!

Good Luck!

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
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November 14, 2011, 09:23:29 AM
 #14

There were no winners in this week's Pick-3 drawing...
- The Winning number is 4-8-2

Click here for full results...

We are closing our doors.

I really wanted to keep this going, but it doesn't seem to be catching on, and due to the low numbers of bets, it's statistically harder for me to announce a win.

Thus I feel like I could better spend my time working on other projects/websites.

I really did enjoy running this site, and even paying out btc to winners. I wish there were more.

As a gesture of good faith that all of you entrusted in me, I have donated all player-sent / unwon bitcoins (5.6 btc, the other 20 btc in the prize pool was seeded in by me to get the games going) to The Humane Society of the United States through Bitcoin-Charity and the bitcoin transaction for that donation is viewable here.
http://blockexplorer.com/tx/d2b1bee89b0143d70fd062d0c0053e2e8d447037f3b2a3591056a806659ea003#o1

If you still have bitcoin lottery fever, please don't hesitate to visit my friend at bitlotto.com, who was very helpful to me when I was getting started here. He's a good guy and honest as it gets.

Lastly, this website, and also btcmatch.com, my previous url for this site, are both for sale. Please contact me if you would like to purchase them. Included will also be my twitter account, @btclottery_com Thanks Smiley

http://www.btclottery.com/images/ads/banner.btclottery.200x50.jpg

Flexcoin ID: btcLottery
Get a 10% lifetime discount on the MtGox competitor "TradeHill" (now with EUR market!) via: http://www.tradehill.com/?r=TH-R118438
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December 24, 2011, 04:03:41 AM
 #15

I am sorry to hear about this.

Any players wanting to make their own lottery can do so at http://bitcashlotto.com/

MAKE MONEY! ADVERTISE FOR BITCOINS http://www.bitcoinadvertising.com
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December 25, 2011, 10:00:43 PM
 #16

how maby users play lottery ?

actually we have enough user but the most are from germany.

by any interreted we can add a lottery with the U.S numbers...
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