winalambo (OP)
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November 28, 2018, 02:42:49 PM Last edit: November 28, 2018, 10:15:46 PM by winalambo |
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In 2017 I sold my house for £2 by selling 500,000 raffle tickets, one winner was chosen and the house was given away as a prize - media coverage here: https://www.google.co.uk/search?q=melling+manor&rlz=1C1GGRV_enGB774GB774&oq=melling+manor&aqs=chrome..69i57j0l5.1759j0j4&sourceid=chrome&ie=UTF-8We also donated £40,000 to local charities and we helped kickstart a small raffle revolution (see here for more raffles) https://www.loquax.co.uk/win-a-house.htm. Fast forward to today and we are launching a new raffle to win a Lamborghini : https://www.winalambo.netThrough this we hope to help more good causes and also to start a small business offering more prizes on a regular basis. There are multiple payment options to buy a ticket, BTC, LTC, XRP and many more. Back later to answer any questions https://www.winalambo.net/assets/images/example/1.jpgFor proof please see : https://i.imgur.com/YceWtUA.jpg and then do a google image search for my name on the above articles (Dunstan Low)
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Wendigo
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November 28, 2018, 03:18:09 PM |
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Is this the car in question? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.electricrideables.com%2Fassets%2Fimages%2FProducts%2FKL7001_2.jpg&t=665&c=w9N91oG0EF0beQ)
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hubballi
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November 28, 2018, 03:56:53 PM |
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Is this the car in question? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.electricrideables.com%2Fassets%2Fimages%2FProducts%2FKL7001_2.jpg&t=665&c=w9N91oG0EF0beQ) Even i am ready to buy this LAMBORGHINI for £2 for my child ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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RHavar
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November 28, 2018, 06:14:25 PM |
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It's a nice idea, but I'm not really sure why a crypto player would do it. You're selling 900,000 EUR worth of tickets for a chance to win 650,000 EUR prize. While by itself, I'd say despite the huge house edge -- it's probably not terrible -- as you're just buying a bit of fun. However, the part that makes it really unappealing to me is there doesn't appear to be any effort to have a provably fair drawing. Which to me, seems like kind of an easy process: you publish a list of all the tickets, and then take a future bitcoin block hash % ticketNumber to determine the winner.
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Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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winalambo (OP)
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November 28, 2018, 07:23:58 PM |
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I totally agree with you on the provable fair side, one issue at the moment is merging that side of things with the legal side, Im sure its not overly complex in itself, however just getting to this stage has taken a while with payments, agreements etc
Hopefully beyond this prototype we can expand in these directions, but also need to consider that the whole raffle wont be crypto dependent as we will introduce fiat payments very soon.
Cheers
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avikz
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November 28, 2018, 09:21:56 PM |
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I too heard that story to sell off a house using small raffle. However, how do we authenticate that you are the owner of this lottery and you are actually going to distribute the winning amount? Have you got any significant media coverage for this initiative? 0.00056 btc is not a big deal but the authenticity is important!
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avikz
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November 28, 2018, 10:12:17 PM |
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I will take a photo of myself now with the site url listed and then you can compare that to a google search of my name, will that work? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FYceWtUA.jpg&t=665&c=2ky0GqPaBQ7UGQ) PS no media coverage as yet, today is day one and Im not sending any major press releases to regular press until we have fiat payments too. Excellent! Scammers are lurking in every corner of world wide web. That's the reason for me to ask for authentication. I would request you to add this picture to the original post. Thanks a lot!
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winalambo (OP)
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November 28, 2018, 10:13:35 PM |
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No problem at all, thanks for being vigilant, I will add the link up top too.
Cheers!
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NeuroticFish
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November 29, 2018, 06:51:10 AM |
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I totally agree with you on the provable fair side, one issue at the moment is merging that side of things with the legal side, Im sure its not overly complex in itself, however just getting to this stage has taken a while with payments, agreements etc
Hopefully beyond this prototype we can expand in these directions, but also need to consider that the whole raffle wont be crypto dependent as we will introduce fiat payments very soon.
Indeed, it doesn't have to be necessarily tied to crypto (I also assume that the ticket price varies with the Bitcoin price). Anybody with some appetite for gambling could enter. However, my concern too is about being provable fair. I'd personally like some updates in that direction. Good luck.
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adaseb
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November 29, 2018, 07:01:35 AM |
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The issue with this is that most can simply go to a dice site, set a 9900x bet and basically knowing their bet is provably fair and verifiable. And also its instant, no need to wait a few months for a result.
I know that there is a max bet limit with some casinos, but a lambo is currently around $300,000 so about 71 BTC, so its possible to win that much if you are extremely extremely lucky.
The fact that you are donating to a charity is a plus however. I wish you luck in this project and hope it works out for you.
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winalambo (OP)
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November 29, 2018, 08:18:11 AM |
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The only other variable is the free entries, if we can find an efficient way to add these to the database I cant see any issue making this provably fair using this method.
Cheers
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KingZee
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Wow! This bastard might actually be for real.. Two posts about him raffling his house, and the winner afterwards : https://www.telegraph.co.uk/news/2017/02/06/2-raffle-ticket-could-win-mansion-lancashire/https://www.dailymail.co.uk/news/article-5350399/Woman-won-850-000-home-2-raffle-rents-out.htmlHe does look the same as in the photo, so this could be true I guess. For the problem of the fairness of the selection, you could just make the database of all entrant usernames/aliases/etc. Each one of these aliases is going to be numbered, in a specific manner as follows. Once all entrants are selected, assume you have less than a million players. (very probable) All those players can effectively be numbered using 6 figures. Generate a number for each contestant, it should look like this : 253486, as long as it's unique it won't matter which order they are. Release the database of each username + number publicly on your website! And you're going to announce the number of a future bitcoin block! Once it's mined, you should check the page similar to this : https://www.blockchain.com/btc/block-height/551955And that's it, scroll down, you'll see the nonce value. Whoever has a number matching the last numbers of the nonce wins! If there is no match, check the following block! It usually takes just a few minutes to mine the next one. Or if this is too much, like, just make a facebook live or something.
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Beep boop beep boop
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STT
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November 30, 2018, 05:00:27 AM Last edit: November 30, 2018, 07:00:58 AM by STT |
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I was going to make the point that in UK this is not allowed on pure luck, it has to be skill or knowledge based and then multiple entrants are divided by a final draw - In what year was Ferruccio Lamborghini Born? Answer: But sure enough it does seem to follow what I recognise as a legal lotto I've seen a few times operated. I'd still double check but its a sweet idea both for the seller and buyer potentially though obviously I think he is getting a profit from the sale - the odds given equate to profit Read a good one about a nice house in the Daily Mail, nice for those sellers as that adds alot of legitimacy to be printed. I'll try to find it for reference - https://www.dailymail.co.uk/news/article-6323403/Couple-raffling-3m-home-25-ticket-throw-160-000-Aston-Martin-second-prize.htmlHere it is, with car as the second prize in that case. I wish ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If OP wants to raise interest just keep posting selfies of yourself on any response you give in the thread, vary the sign maybe include writing on todays newspaper. People can be suspicious about this stuff, only helps you if appearing to be a real prospect ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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bosta20
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November 30, 2018, 06:01:57 AM |
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Wow! So cool! Hopefully am going to be following all the process and rules! To some extent i believe you sir! After doing small research and my due diligence! Hopefully am going to win big! Good luck to me! ...lol pls guys this is not a recommendation! Enter at your own risk!
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winalambo (OP)
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November 30, 2018, 07:33:28 AM |
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Thanks and good luck!
If you do have any questions I will be happy to answer them.
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winalambo (OP)
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November 30, 2018, 07:49:02 AM |
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Wow! This bastard might actually be for real.. Two posts about him raffling his house, and the winner afterwards : https://www.telegraph.co.uk/news/2017/02/06/2-raffle-ticket-could-win-mansion-lancashire/https://www.dailymail.co.uk/news/article-5350399/Woman-won-850-000-home-2-raffle-rents-out.htmlHe does look the same as in the photo, so this could be true I guess. For the problem of the fairness of the selection, you could just make the database of all entrant usernames/aliases/etc. Each one of these aliases is going to be numbered, in a specific manner as follows. Once all entrants are selected, assume you have less than a million players. (very probable) All those players can effectively be numbered using 6 figures. Generate a number for each contestant, it should look like this : 253486, as long as it's unique it won't matter which order they are. Release the database of each username + number publicly on your website! And you're going to announce the number of a future bitcoin block! Once it's mined, you should check the page similar to this : https://www.blockchain.com/btc/block-height/551955And that's it, scroll down, you'll see the nonce value. Whoever has a number matching the last numbers of the nonce wins! If there is no match, check the following block! It usually takes just a few minutes to mine the next one. Or if this is too much, like, just make a facebook live or something. Thank KingZee, sending to my dev to see what he can roll out on these lines
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KingZee
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November 30, 2018, 08:11:13 AM |
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Thank KingZee, sending to my dev to see what he can roll out on these lines
Good luck again! Also depending on how many people join, you could start the number with a different figure. (If only 100k people joined, all numbers can start with 100.000 up to 199.999 and so on)
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Beep boop beep boop
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winalambo (OP)
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November 30, 2018, 08:29:39 AM |
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Thank KingZee, sending to my dev to see what he can roll out on these lines
Good luck again! Also depending on how many people join, you could start the number with a different figure. (If only 100k people joined, all numbers can start with 100.000 up to 199.999 and so on) This all sounds reasonable and very similar to the last draw. As we plan on adding fiat payments we can allocate an number to each transaction ID whether fiat or crypto and batch in the same way, free entries will require a number but obviously wont have an ID, but essentially this could all be published and a winner determined by a future block.
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buwaytress
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November 30, 2018, 10:20:20 AM |
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Not a fan of raffles except when it's for fun, and this seems to fit the bill. Crypto's good fun and you mix the two together you get a veritable salsa mix. Not sure a Lambo's really that appropriate these days though. More like Ford Fiestas or maybe even 2 Opels.
@OP Not reading through any of the links, got a reason why're you doing this? I mean yeah, to help charities and some. But why the hassle of a raffle and all that regulatory and provably fair nitty gritty? Got to be some other itch to scratch!
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el kaka22
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November 30, 2018, 06:22:14 PM |
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There is still the question of house edge plus the price changes constantly. I understand that you can literally win a lambo for 2 dollars and it is just a good bit of fun if you wish to do hope for something like that (I would definitely find it incredibly entertaining if I could get the car here but it is not that much easy to send a car from nation to nation so I don't know how it would work even if I win) but like rhavar said it is incredibly high house edge. You are getting over a million dollars in ticket entries whereas spending a lot less than that for giving away the car. Maybe if the price was totaled at something like 700 thousand euros or so (at least 750 thousand if you wanna involve charity) it would have been semi-okay but with 900 thousand euros or so, it makes it a bit unfair.
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