No Loss Gambling Sites

[squatz1]

They take 10 percent from the interest generated for the pool. So if the pool is able to make some profits from this with just ensuring that the code is up to date and non exploitable.

This is the line ive been searching for where they do took 10% from interest.No loss gambling is definitely out of my perception.  lol.
Typical lottery even its a traditional or smart contract,there would always be lossers yet money to be won doesnt poof out from nowhere.

But then again, this 10 percent taken from the growth of the interest is still more then you would've gotten if you were to just loan out the money yourself. Just like a traditional lottery would do, so it's not surprising in the least.

No one loses money man, YOU GET YOUR PRINCIPAL BACK IF YOU DON'T WIN THE INTEREST.

In a regular lottery --> If you lose, YOU LOSE.

[kryptqnick]

How does this become a zero loss? Do I get refunded for the tickets I bought for the pool after the 15-day period and the winner has been drawn?

I failed to write it in the inital post, and if I can edit it I will.

But what pretty much happens is that you buy tickets, if you lose --> You don't really lose, as you just lost 'winning' the interest accrued by the pool for the month. Your initial deposit is returned to you by a smart contract on the ETH network.

This sounds vague. I get it that the system minimizes the risks of being scammed to pretty much zero since the payments are performed via smart contracts. But the zero loss thing? I don't get it. If you bought the tickets and did not become the lucky winner, it means that your money is sent to the winner, right? So where does the money that one, as you say, receives back, come from? And what would be the motivation for someone not only not to collect any fees/make a house edge, but also to return 100% of losses to players? I know there's rakeback, but that is understandable and people receive only a part of what they lost. But this mechanism of no losses seems too good to be true, so to say.

[rosezionjohn]

I visit on the site, and if I am not wrong, the ethereum that we're sent to them will be back to our wallet as the new token which is called CToken.

Where did you see the info on Ctoken? All I saw was DAI. In order to partipate, you need to convert your ethereum to DAI and used it to but tickets. If you lose in the lottery, you will receive your original funds in DAI also. That's how I understood it.

[Dread Pirate Roberts]

Sounds too good to be true. So they cover user losses? now all that's left is trust. whether someday when they grow bigger and the number of bets is greater whether they keep that commitment or not. I have also heard of systems like this but end up with their website gone and just offline.

[Ucy]

What happens to the pooled funds aftwards? Is it returned to the owner after the 15days or do they continue using it? The website says "a lottery you can't lose", is that a guarantee?  Would you mind explaining what they mean by that?

[swogerino]

This is not a no loss gambling site,pool lotteries have been organized by other sites which also offered smart contracts to pay interest but they function quite differently.They take all the money generated by the participants and pay one or few lucky winners from the pool.