Raffle No.1 - 0.81 ETH Prize - 10x Players 0.1 ETH Entry

[CryptoRaffle]

Hello guys,

New here and nice to meet you all. After reading about the trust issues users have of gambling websites being promoted on this forum, I'd like to welcome users interested in playing a fair and random raffle game directly on this forum.

Below is a concept idea.

How Raffle No.1 works :

Total Prize Is 0.81 ETH

• 10 Users 'Commit' To Enter At A Cost Of 0.1 ETH Each
• We Then Generate The Result Using RNG
• Winner Is Announced
• 9 Users Each Send The 1 Winner 0.09 ETH (1 Strike and Out Policy Meaning Failure To Pay Users Will Result In Instant Ban)
• The 10 Users Each Send Me The Organiser 0.01 ETH

Thoughts and questions welcomed.

[brassnuts]

Good luck in finding enough people who were born yesterday.

[NeuroticFish]

Thoughts and questions welcomed.

1. How will you guarantee that the users will send those funds to the winner? I hope that you don't expect people to use you as escrow. (And banning people from your game won't mean anything.)
2. If you generate the result, that can be faked, you need something more trusted than that.

All I see is a simple idea, not polished enough. It may be related to the lack of knowledge if you are newbie indeed or an attempt to scam otherwise.

[CryptoRaffle]

Thoughts and questions welcomed.

1. How will you guarantee that the users will send those funds to the winner? I hope that you don't expect people to use you as escrow. (And banning people from your game won't mean anything.)
2. If you generate the result, that can be faked, you need something more trusted than that.

All I see is a simple idea, not polished enough. It may be related to the lack of knowledge if you are newbie indeed or an attempt to scam otherwise.

No I would not be Escrow, If users who commit to play dont send their payment to winner, then I would to ensure the winner was paid fairly.

The result would be done completely fair for example using the Bonus Ball of The National Lottery.

[NeuroticFish]

No I would not be Escrow, If users who commit to play dont send their payment to winner, then I would to ensure the winner was paid fairly.

The result would be done completely fair for example using the Bonus Ball of The National Lottery.

I am not familiar with your country's national lottery.
However, here, what stops me from making 10 new accounts, pinky swear that I send the 0.1 ETH from each account, obviously not send any and claim the prize from the winner, since you'll pay it from your pocket?

[CryptoRaffle]

No I would not be Escrow, If users who commit to play dont send their payment to winner, then I would to ensure the winner was paid fairly.

The result would be done completely fair for example using the Bonus Ball of The National Lottery.

I am not familiar with your country's national lottery.
However, here, what stops me from making 10 new accounts, pinky swear that I send the 0.1 ETH from each account, obviously not send any and claim the prize from the winner, since you'll pay it from your pocket?

It's a very good point, but Newbies could not play. The idea is to have genuine users seeking a fair gambling experience for which I would hope the users would help me police.

[NeuroticFish]

It's a very good point, but Newbies could not play. The idea is to have genuine users seeking a fair gambling experience for which I would hope the users would help me police.

There are plenty of hacked accounts, farmed accounts, or accounts worth much less than 0.1 ETH
My example with newbies was extreme. But there are much more.
And who will decide if an account is worthy? You can have some of those accounts yourself. And you didn't say a word about making the result fair/trusted, hence you may cheat.

Really, you need to polish your idea.

[romero121]

No I would not be Escrow, If users who commit to play dont send their payment to winner, then I would to ensure the winner was paid fairly.

The result would be done completely fair for example using the Bonus Ball of The National Lottery.

I am not familiar with your country's national lottery.
However, here, what stops me from making 10 new accounts, pinky swear that I send the 0.1 ETH from each account, obviously not send any and claim the prize from the winner, since you'll pay it from your pocket?

It's a very good point, but Newbies could not play. The idea is to have genuine users seeking a fair gambling experience for which I would hope the users would help me police.

Maybe you could try this with your locality or with known persons. If that turn to be successful, then you start your gambling service on the forum. Right now people won't trust, and it isn't an easy thing to fund a raffle with 0.1 Eth when there were more trusted gambling platforms to spend.

[CryptoRaffle]

It's a very good point, but Newbies could not play. The idea is to have genuine users seeking a fair gambling experience for which I would hope the users would help me police.

There are plenty of hacked accounts, farmed accounts, or accounts worth much less than 0.1 ETH
My example with newbies was extreme. But there are much more.
And who will decide if an account is worthy? You can have some of those accounts yourself. And you didn't say a word about making the result fair/trusted, hence you may cheat.

Really, you need to polish your idea.

When you say an Account, you mean an ETH address?

[ryzaadit]

Are you using "Commit" by the person who plays?

In what century you are live? there is a good technology called "Smart contract". You can set up a code after reaching a specific amount, and then the contract can start to roll the raffle. The prize will automatically send to the winner.
- Good system
- No need to commit2 like you said
- Everything is automatically for the raffle system, RNG roll, prize distribution.
- No need to ban2, don't have money can't play ~XD

[brassnuts]

Also the vig is huge, and frankly ridiculous, just for picking 1 number.

The whole idea is absurd.

[nakamura12]

If the player didn't send the eth and got banned in your game means nothing plus no one will trust your game, lottery or raffle whatever you call it. Second, good luck finding players who will play. I think you'll be disappointed with what you are thinking or planning with this one. My guess is this will only lead to more discussion and no raffle (trust issues).

[Darker45]

This is not a good idea and rather risky. If somebody is interested to play a similar game, it is best if it is played among friends. If not, I'd rather gamble my money somewhere else more safe and secure.

Please correct my math but with the rules presented in the OP, one would rather play dice with a 1% house edge. The chance of winning here is 10% and 0.1 ETH will only make 0.81 ETH. If one is to play in a dice site with 1% house edge and 10% winning probability the payout will be 9.9 which means your 0.1 ETH will become 0.89 ETH.

Not only is this kind of game risky, it is also less profitable. So why would I join?

[rodskee]

It's a very good point, but Newbies could not play. The idea is to have genuine users seeking a fair gambling experience for which I would hope the users would help me police.

There are plenty of hacked accounts, farmed accounts, or accounts worth much less than 0.1 ETH
My example with newbies was extreme. But there are much more.
And who will decide if an account is worthy? You can have some of those accounts yourself. And you didn't say a word about making the result fair/trusted, hence you may cheat.

Really, you need to polish your idea.

When you say an Account, you mean an ETH address?

No , He mean Bitcointalk account , there are plenty of hacked account that can be use to join your event since you only seek for ranking account here .
sometimes even Green trusted accounts are being use to shady activities .

_________________________________________________

If you can afford to cover those who will not Pay , then you can also afford to Use Escrow here for safety of your event .

But again like what said above , this is not an easy task to start here .

[yahoo62278]

Also the vig is huge, and frankly ridiculous, just for picking 1 number.

The whole idea is absurd.

The vig is ridiculous. 1% maybe 2% max but 10% is crazy.

[UserU]

Aren't altcoin giveaways prohibited here...?

[shasan]

Hello guys,

New here and nice to meet you all. After reading about the trust issues users have of gambling websites being promoted on this forum, I'd like to welcome users interested in playing a fair and random raffle game directly on this forum.

Below is a concept idea.

How Raffle No.1 works :

Total Prize Is 0.81 ETH

• 10 Users 'Commit' To Enter At A Cost Of 0.1 ETH Each
• We Then Generate The Result Using RNG
• Winner Is Announced
• 9 Users Each Send The 1 Winner 0.09 ETH (1 Strike and Out Policy Meaning Failure To Pay Users Will Result In Instant Ban)
• The 10 Users Each Send Me The Organiser 0.01 ETH

Thoughts and questions welcomed.

It is a wise decision for scam attempt. How do you think people will trust you and give you such an amount? There are a lot of people on the forum who could do much more better than you but they are not doing that.
If still people will engage with you, why you will use RNG while you are using crypto, you could use the hash to draw the raffle. If you ban a user from your raffle what will be the loss of that person? Why you are not considering the amount of the winner person too. The winning amount will be 0.91 eth if you do not take the 0.01 from the winner. If you take that from the winner then it will be 0.9 eth. Also why each person will send twie and loss double fee. You could tell to send 8 person to the winner and one to you. In this way you could earn 0.1 eth and the winner could earn 0.9 eth (including the winners amount).

[CryptoRaffle]

Thanks for everyones critique, it's just an idea. 

[Naficopa]

Thanks for everyones critique, it's just an idea. 

We are all very skeptical, and some are even very critical because attempts to start such projects have been made here many times. Unfortunately, most of them ended up as a scam or simply collapsed. If you would like to keep trying to create something similar, the idea of creating such a raffle based on a smart contract seems to me good and as I know, so far no one has tried to solve it this way.

[Betwrong]

Thanks for everyones critique, it's just an idea.  

Look, maybe you didn't mean to offend anybody, but these words of yours

~ After reading about the trust issues users have of gambling websites being promoted on this forum, ~

sound insulting, well, to me at least. Since you are "New here", let me tell you that most gambling websites promoted on this forum are trustworthy, and the idea of the gambling section of this forum is to have all the needed info about crypto gambling assembled in one place. If we want to gamble, we can choose from many different established sites and go there. Why on earth do you think that we need a complete stranger to organise a raffle for us? Because we know that here are only scammers around us?

Seriously, dude, WTF?