have you ever play or won from a crypto exchange lottery?

[pieppiep]

I don't have experience winning from a crypto exchange lottery because that is too difficult for me and it will cost huge money to buy a lot of tickets. Besides that, winning from that lottery needs to compete with other people who also want to win the prizes so they can use more money to buy more tickets and that will be more difficult for us to win. The luck factor will be important here because the winner must have the luck to win. Otherwise, he will lose the money to buy the ticket.

That's for sure.

Lottery is the most difficult game in the whole gambling industry in my opinion because of too many random numbers that could be generated in just one roll, and you need a lot, like a lot of tickets in order to hit the jackpot, that is if you're lucky, because a thousand ticket is not even qualify as a winning piece because we're talking about millions of chances for you to hit up something big.

It's addicting because the price is tempting and very entertaining to do.

Even lottery is the most difficult game, most people will think that lottery can be an exciting gambling game because they only need to buy many tickets which are not too expensive to buy and wait for a while until the winning number comes out. A thousand tickets will not give anything even to be the closest one from the winning unless you have big luck.

I don't have experience winning from a crypto exchange lottery because that is too difficult for me and it will cost huge money to buy a lot of tickets. Besides that, winning from that lottery needs to compete with other people who also want to win the prizes so they can use more money to buy more tickets and that will be more difficult for us to win. The luck factor will be important here because the winner must have the luck to win. Otherwise, he will lose the money to buy the ticket.

You don't have to buy as many tickets as you can. You can buy a few from time to time if you really want to win the lottery. But the twist here is that you'll never know when exactly your ticket is going to win and this is a real game of luck. Buying a lot of tickets is likely gaining your chance but what's the percentage? you'll not even get a pinch of an increased percentage of chance because the distributors don't even have an idea if they've got the winning combination in the past until they're allowed to broadcast it.

Most people think that if they buy as many tickets, that can increase their chance to win. But if you only buy a few tickets constantly, you can be the winner if you have luck. This game needs big luck to be the winner and unfortunately, only a few people have that luck and win the games.

I don't have experience winning from a crypto exchange lottery because that is too difficult for me and it will cost huge money to buy a lot of tickets. Besides that, winning from that lottery needs to compete with other people who also want to win the prizes so they can use more money to buy more tickets and that will be more difficult for us to win. The luck factor will be important here because the winner must have the luck to win. Otherwise, he will lose the money to buy the ticket.

I've seen many people winning the lottery with few tickets if compared to another competitors who had a lot more. So I think you shouldn't worry about having less tickets than someone else, because among so many competitors you will still have decent chances like anyone of them.

When playing the lottery it seems many tickets don't mean too much, as it ends being expensive to purchase them, while the tickets sum of all other participants will be always massively superior to yours. It's purely a game of luck and I suppose one of the hardest games to manipulate the final fate through long or short run strategies.

Sometimes, I only think that I want to test my luck by buying some tickets as you say but the chance to win will not be too big and the result after that is to lose that money. But as I know that playing the lottery will not give me the chance to hit the jackpot or even the prize, I do not think too much about that and only buy the ticket because I want to have fun on the lottery.

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[Peanutswar]

Well, I haven't played in a lottery from a trading site yet because I have not seen one.
I use Binance, Kucoin, and even a small exchange but they have no lottery game.

Kucoin currently has a special lottery feature, "LuckyRaffling". They have various prize values in each round. Based on their tweet it was launched last June 4th. Even though it's just a light bet but it seems interesting to try.

For app users, this page can be found in the Quick access menu > Kucoin Win.

Didn't expect that this kind of exchange is now supporting with a lottery feature because mostly I used the kucoin for exchanging my coins into this platform as for recently I saw with the binance but I didn't come up and experience to be part of this kind of event. What kind of rules to have this kind of ticket to be part of the event? Like you need to invite or to invest into a specific coin?. First time i saw they support this kind of event.

[Kakmakr]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

[Mauser]

I only played a few times crypto lotteries and never won anything. Maybe I am not a lucky guy when it comes to lotteries or I just didn't play long enough. For me normal lotteries and crypto lotteries are the same, I didn't win with either of them. We all know that the chances of winning are very small but somehow my brain keeps telling to try atleast because this time I am going to win. In the end its just day dreaming. Another thing I don't like so much about lotteries is that the winning probability is so abstract. When playing dice or roulette we instantly know what our chances of winning are. And with casino games we can easily stop when making a profit, whereas with lotteries it is just a win or lose situation.

[AicecreaME]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

Exactly.

However people still wants to play it because of entertainment and false hope. People want an easy money given by their luck but mostly the luck that is needed to win the jackpot requires a lot of time before it is gonna happen to someone. The longer the time they spend trying, the more money they'll spent on it hoping to get what they want.

People won't either believe those two things (the truth and the lie) on gambling industry. The more important to them is that they'll win it no matter what.

[Wexnident]

How many people who won the lotteries have posted here that they have really won a crytpo exchange lottery ? If some one tell here that he has won the lottery, his privacy remains intact because bitcointalk does not collect anyone's personal data and you cannot trace the person physically.

Winning a lottery is not an illegal thing and hence its not something to hide either.  

Does it need to be a kind of lottery that has big prizes in it or nah? I've won my fair share if I do say so myself, sometimes it's a local lottery on the server's I am at (Discord), but I've never really won something big enough to consider me a winner in life kind of thing.

Exactly.

However people still wants to play it because of entertainment and false hope. People want an easy money given by their luck but mostly the luck that is needed to win the jackpot requires a lot of time before it is gonna happen to someone. The longer the time they spend trying, the more money they'll spent on it hoping to get what they want.

People won't either believe those two things (the truth and the lie) on gambling industry. The more important to them is that they'll win it no matter what.

I guess that's just how it works tbh. It's actually not that weird tbh, most people who bet on lotteries to actually "win" something are those on the lower end since they're hoping they could get something to turn their life around. Actually kind of pitiful really, even with how civilization has advanced so much, people still rely on luck to turn their lives around.

[Taskford]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

Exactly.

However people still wants to play it because of entertainment and false hope. People want an easy money given by their luck but mostly the luck that is needed to win the jackpot requires a lot of time before it is gonna happen to someone. The longer the time they spend trying, the more money they'll spent on it hoping to get what they want.

The experience of other who win the lottery what makes them hope that they will win the same as them to but in reality its so hard to win on in this kind of game. But for sure whatever it takes as long as there's a huge pot waiting for a winner for sure many will try their chance to bet since many hope to snatch the jackpot. But they shouldn't get hook since if they bet more than what they can afford to lose as the old saying says then its a disastrous action made by them since this one could turn to worse if they lose all their money.

[goldkingcoiner]

Oh boy I thought it was 57k cake. But alright I guess 500 bucks is 500 bucks. I still wouldnt buy lottery tickets for a chance at winning because its not really fun to me. What is the point in lotterys anyway? At least with gambling games its fun to play and gives you a satisfaction from winning. If pancakeswap wanted to show people how serious they are why don't they make the prizes a bit higher?

[YuginKadoya]

I also notice the popularity of Pancakeswap not only by exchanging tokens or coins but with this kind of gambling game as well, and I think I might try that on Pancakeswap when I can get extra money on earning with crypto, but I have remembered that I once won a sum of money with lottery crypto back on 2018 I can not remember the site because I only used it 3 times, because I am not that very lucky with luck-based gambling games, that was the boom of Airdrop tokens and crypto gambling if I remember it correctly, I have won a total of $190 USD only and it was my first time getting that kind of amount instantly, and because of that greediness nature back then all of it had ended up into nothing, so my advice, if you have won some amount just think and relax fight if you would want to gamble again or not.

[Oilacris]

I also notice the popularity of Pancakeswap not only by exchanging tokens or coins but with this kind of gambling game as well, and I think I might try that on Pancakeswap when I can get extra money on earning with crypto, but I have remembered that I once won a sum of money with lottery crypto back on 2018 I can not remember the site because I only used it 3 times, because I am not that very lucky with luck-based gambling games, that was the boom of Airdrop tokens and crypto gambling if I remember it correctly, I have won a total of $190 USD only and it was my first time getting that kind of amount instantly, and because of that greediness nature back then all of it had ended up into nothing, so my advice, if you have won some amount just think and relax fight if you would want to gamble again or not.

Pancakeswap does have currently.

https://pancakeswap.finance/prediction
https://pancakeswap.finance/lottery

which this makes this platform a bit interesting rather than focusing on being an instant exchange or swap.
Talking about basic or casual lotteries then odds would really be just the same when in talks of winning.

[pawanjain]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

That is true. Many of the gambling websites hosting the lottery rounds are fake and probably choose a winner without and provably fair algorithm.
Just when you said you haven't seen any fool proof system I was going to say about freebitco.in when I read you already mentioned it.
freebitco.in is indeed one of the best gambling sites with the best lottery system and betting prediction models.

[TinaK]

However people still wants to play it because of entertainment and false hope. People want an easy money given by their luck but mostly the luck that is needed to win the jackpot requires a lot of time before it is gonna happen to someone. The longer the time they spend trying, the more money they'll spent on it hoping to get what they want.

People won't either believe those two things (the truth and the lie) on gambling industry. The more important to them is that they'll win it no matter what.

I have been won once in the lottery but not on crypto a few years ago and until now it won't happen again even I bought tickets every day.
There is nothing wrong if you believe in false hope, your luck never tell you that they will come on that day, it is better to buy a ticket and hoping that you will win rather than hoping that you will hit jackpot but the fact, you did not even purchase a single ticket.

In freebitco.in a casino, I tried my luck there and until now I am doing the same purchase ticket even I did not win but who knows someday I will be the one. It is a small percentage of winning but doesn't mind it after placing a bet.

[agustina2]

I don't have experience winning from a crypto exchange lottery because that is too difficult for me and it will cost huge money to buy a lot of tickets. Besides that, winning from that lottery needs to compete with other people who also want to win the prizes so they can use more money to buy more tickets and that will be more difficult for us to win. The luck factor will be important here because the winner must have the luck to win. Otherwise, he will lose the money to buy the ticket.

You don't have to buy as many tickets as you can. You can buy a few from time to time if you really want to win the lottery. But the twist here is that you'll never know when exactly your ticket is going to win and this is a real game of luck. Buying a lot of tickets is likely gaining your chance but what's the percentage? you'll not even get a pinch of an increased percentage of chance because the distributors don't even have an idea if they've got the winning combination in the past until they're allowed to broadcast it.

Correct. Buying more tickets is generally increasing the chance of winning but on the other hand, if luck hits us, a few tickets can also be won that's why it's not necessary to buy more. Just a matter of pure luck. Those who got lucky at these lotteries are chosen ones. It even has a high chance to be struck by lightning compare to winning in the lottery lol.

[RealMalatesta]

I see more and more people posting they won from the lottery which is in pancakeswap

Just because of this, I come to know there are lotteries are being offered in those decentralized exchanges. I am into very few centralized and decentralized exchanges but never got chances to experiences any such lotteries. Only on few cryoto casino, I have bought lotteries still never won anything in all my attempts.

Those who got lucky at these lotteries are chosen ones. It even has a high chance to be struck by lightning compare to winning in the lottery lol.

Are you sure about this? Are referring only about the place what OP had mentioned or in general. I am regularly rolling on one famous crypto site and I getting regularly around 100 lottery tickets for last 4 to 5 years still never got chances to win anything. So, probably you are right with respect to most places.

[Silberman]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

It is going to be very difficult that this can be combated any other way than with KYC, and casinos know that if they go hard on people about that topic there is a significant risk that people leave and go to another casino as they do not want to deal with those kind of restrictions as most of the time that was the reason they were gambling with cryptocurrencies to begin with, so as you can see even if casinos want to correct the situation this is not something they can actually do.

[haidil]

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap. 

Just for an ad that attracts lots of lottery buyers? It's clear what they did with a much bigger profit with the prizes they put out for one lottery winner. Even before the announcement of the winner, the lottery manager already pocketed a sizable profit. Plus the even number of winning lottery numbers from his own team. Then to trigger other users they pass one or two among the participants.

[Beparanf]

I haven't tried to participate on that before since I was thinking that it was just a waste of time if I participate on a lottery since the chance of winning is less than 1% however some people still considered joining since one reason is it is free and you don't have nothing to lose. I'm happy for all the users that won in this kind of lottery that was an easy money.

It depends on the amount of ticket you are holding to determine your percentage of winning. Its not 1% chance always because some lottery has different mechanics especially on crypto lottery, I know a lottery(moonpot) that choose winners that enter the pot without any combination of numbers on there ticket which is different on the usual lottery type game.

Whales on Moonpot always secure a 20% to 30% chance of winning by just staking there tokens on Liquidity Pool of moonpot.

[UmerIdrees]

And yeah, bitcointalk still collect some data, like IPs, device data and so on for 3 month. In some cases it continue up to half-of-the-year. So keep it in mind.

Do they ever share or use this data ?

The thing is.... any Lottery has to have some verification system to determine and prove that the winners are drawn from a legitimate algorithm and not hand picked by the people hosting these Lotteries.

I have yet to see one Lottery system that has a "fool proof" system that verify the actual winners, apart from the one that are hosted by Freebitco.in

Most of these systems are used for cheap advertisements and people fall for this crap.  

Its hard to find  fool proof lottery. Some online sites can give random winners which may not exists in reality and no one can challenge them because no data is publicly available. This is another reason why i do not take part in lotteries stuff.

[Quidat]

I haven't tried to participate on that before since I was thinking that it was just a waste of time if I participate on a lottery since the chance of winning is less than 1% however some people still considered joining since one reason is it is free and you don't have nothing to lose. I'm happy for all the users that won in this kind of lottery that was an easy money.

It depends on the amount of ticket you are holding to determine your percentage of winning. Its not 1% chance always because some lottery has different mechanics especially on crypto lottery, I know a lottery(moonpot) that choose winners that enter the pot without any combination of numbers on there ticket which is different on the usual lottery type game.

Whales on Moonpot always secure a 20% to 30% chance of winning by just staking there tokens on Liquidity Pool of moonpot.

Lets talk about odds.In literal lotteries then its 1 in 13,983,816 Source

Odds on winning on blockchain based lotteries then it is somewhat higher but still not really that appealing because it wont be called a lottery if chances of winning is high.
Prize pot is high then its just typical on having that properties.

[2double0]

I tried to buy some lotteries at pancakeswap and it was not limited to one but many, still my bad luck that I never got a single win out of them. I even tried freebitcoin's lottery by investing BTC0.002 (200k lotteries + few more for my wagering and free rolls) a few weeks ago but that too did not bring me anything. I have understood that it depends on luck as lotteries are also gambling, but with affordable money where you can just keep your hopes high.