Crypto raffle game idea | feedback required

[stomachgrowls]

30% off the top to pay for costs is a bit nuts IMO. Most gambling sites have games that are 1-5% house edge and that's their compensation for server costs advertising and whatever else may be needed. I think you need to come up with some capital before trying to take 30% from the pot. I also feel like lots have tried lotteries and raffle type ideas and have failed. Research the idea and see if its even worth the time.

Lots had tried but not ending up on getting 30% deduction for server cost,maintenance and other related to this which it is really just too much. You would really be getting 60% on overall total amount which i dont see

for people to get interested on this one.Yes, its true that there are lots who had tested out or tried about these lotteries and trying to be transparent as much as possible but still ending up on
failing.Why? It isnt really getting that much attention because people are really into gambling is way too impatient on waiting for each roll or draw to be make.
People does really have that interest on playing games which does give out instant results or outcome and not this lottery is included.

the sustainability is the usual dilemma on this project. it may attract players in the beginning but how do you sustain the interest of players? so for me, better abandon this idea. because it is not the first attempt to have someone get involve on this concept. the longevity is always in question here.

I have seen that there are some who do really give out some free tickets for someone to make out bets on their lottery but still ends up on a failure because it didnt really get that much attention.

This is the primary problem on which this type of game/lottery would be launched out.Its true that you might able to get some users on first week but sustaining it or making them stay would

be the toughest challenge.Just like others been saying that interest is less because the outcome or result time duration is too long to wait.
Not like when you are playing dice or roulette which results are instant.

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[Mauser]

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc  

I like your idea of donating some of the money to a charity. We are living in very difficult times right now and if we have spare money for gambling it should be okay to give some of that money away. Taking 10% out of the winnings shouldn't be a big deal, we will happy enough to actually win and make a profit no matter what. Also 10% can lead to a decent amount when the raffle becomes big with many participants. What I don't like is that you want to use 30% for operating costs and advertising. That seems way too much in my opinion. Are there really so many costs involved in running a small raffle? I would rather have less advertising and pay more money back to the gamblers. There are already a lot of raffles out there and the best way to distinguish from the would be to have the lowest house edge or the best winning chances. Maybe start smaller to first get some customers and once there is enough demand you could still increase the whole operation.

[rodskee]

While Raffle event is exciting and I must admit I love joining this , but in gambling site? in this kind of event online? maybe you may be hard to find more participants because instead of raffle we will be loving to play directly with our bets meaning those game with instant result , because of we will be needing to wait then sports betting is our best option.
this is just my Opinion though most of my friends have same stand like me.

but hoping to see best result in your plans mate , lets see what comes out soon

[Fatunad]

While Raffle event is exciting and I must admit I love joining this , but in gambling site? in this kind of event online? maybe you may be hard to find more participants because instead of raffle we will be loving to play directly with our bets meaning those game with instant result , because of we will be needing to wait then sports betting is our best option.
this is just my Opinion though most of my friends have same stand like me.

but hoping to see best result in your plans mate , lets see what comes out soon

Im not expecting something positive when it comes to lottery.Its true that we dont really like to wait up for our bets for too long unless if you've been dealing with sports betting
but we know that its really totally different since we could really see that dealing with sports is something interesting rather than on seeing that boring number drawing on a lottery.
We've seen lots of sites trying out to emphasis and launching out lotteries but ending up on closing because of lacking of interest which is really not something new.
The idea or concept is really just basic and there's no interesting or exciting about it because you do need to wait up for a particular time.

[sunsilk]

Make it a smart contract with open source to verify the code so that it will be a unique game that doesn't need an account or trust to the owner because everything is automated through the use of blockchain. So far I done see this kind of raffle style on crypto casino. The closest thing that I saw same kind of game like this was on cake but they are not open source and also not a casino. I think decentralized casino is perfect on this kind of game since you are collecting money from players for prize pool. It requires hogh level of trust for you to attract customers.

Good idea so that it will be transparent to all of those that are about to join. Everyone is free to see on how much is on the pool and how much one is expecting to have if ever they win.

At the same time, people will get to know on how much the house will take. But I think that there's a need to raise with the percent for the winner, it's like winner takes all right? However, 60% is kind of low, I guess.

[coin-investor]

Make it a smart contract with open source to verify the code so that it will be a unique game that doesn't need an account or trust to the owner because everything is automated through the use of blockchain. So far I done see this kind of raffle style on crypto casino. The closest thing that I saw same kind of game like this was on cake but they are not open source and also not a casino. I think decentralized casino is perfect on this kind of game since you are collecting money from players for prize pool. It requires hogh level of trust for you to attract customers.

Good idea so that it will be transparent to all of those that are about to join. Everyone is free to see on how much is on the pool and how much one is expecting to have if ever they win.

At the same time, people will get to know on how much the house will take. But I think that there's a need to raise with the percent for the winner, it's like winner takes all right? However, 60% is kind of low, I guess.

We don't have a stand-alone or dedicated Crypto raffle site right now, they are usually play incorporated or included in casinos as of the game, but making it stand along and weekly I don't know if it will gain support especially if the winning percentage is very low, gamblers better off playing or betting on dice, crash and other luck based instant results, even in the lottery in our place you'll find the result hours after you made a bet.

[rodskee]

While Raffle event is exciting and I must admit I love joining this , but in gambling site? in this kind of event online? maybe you may be hard to find more participants because instead of raffle we will be loving to play directly with our bets meaning those game with instant result , because of we will be needing to wait then sports betting is our best option.
this is just my Opinion though most of my friends have same stand like me.

but hoping to see best result in your plans mate , lets see what comes out soon

Im not expecting something positive when it comes to lottery.Its true that we dont really like to wait up for our bets for too long unless if you've been dealing with sports betting
but we know that its really totally different since we could really see that dealing with sports is something interesting rather than on seeing that boring number drawing on a lottery.
We've seen lots of sites trying out to emphasis and launching out lotteries but ending up on closing because of lacking of interest which is really not something new.
The idea or concept is really just basic and there's no interesting or exciting about it because you do need to wait up for a particular time.

but I would love betting in Real Lottery mate , I mean  if there is a chance that I will bet in lottery then it will be the one near my office in which I mostly bet twice or  trice a week.
maybe something like betting is what gamblers do but we have our own interest and ways to find luck and chances.
so let it be there for those who wanted to become instant millionaire and those who wanted short wins but daily basis.

[sunsilk]

Good idea so that it will be transparent to all of those that are about to join. Everyone is free to see on how much is on the pool and how much one is expecting to have if ever they win.

At the same time, people will get to know on how much the house will take. But I think that there's a need to raise with the percent for the winner, it's like winner takes all right? However, 60% is kind of low, I guess.

We don't have a stand-alone or dedicated Crypto raffle site right now, they are usually play incorporated or included in casinos as of the game, but making it stand along and weekly I don't know if it will gain support especially if the winning percentage is very low, gamblers better off playing or betting on dice, crash and other luck based instant results, even in the lottery in our place you'll find the result hours after you made a bet.

But there are many of them that are doing some raffles and stuff.

Anything that's starting with a survey through the community is just trying to gain some information on how it should be and that's why they're trying to check the pulse of everyone.

It is a good strategy so that they know what they're entering and what's demanding to the people who can be their target market.

[Blawpaw]

Looks good. Its not that there's many people interested in raffles but I guess that as a business model it looks great.
I would only add, as someone aleady pointed out, to use the blockchain to get to the winners. Instead of using some random software, you can use the BTC blockchain.

[Porfirii]

Yes, using the blockchain, as said in the page 1, costs nothing and would be more appealing for crypto gamblers.

On the other hand, in order to get traction, you could hire a moderator's or well known and reputed user's signature, if any of them is interested.

[Lanatsa]

Yes, using the blockchain, as said in the page 1, costs nothing and would be more appealing for crypto gamblers.

On the other hand, in order to get traction, you could hire a moderator's or well known and reputed user's signature, if any of them is interested.

What do you mean about having no cost? Every transaction specially on blockchain based games or type would really be normally having those fees within transfers.
I dont know on what you are saying in this regard considering that transactions couldnt push through if there would be no fees.

Talking on other hand about that 30% deduction is really too much for server and maintenance fee.No one would really be interested on betting on this lottery
basing up that they could only get 60% of overall total price.

Just like the rest been saying that lottery or raffle ideas arent really that getting much attention or traction.

[Porfirii]

Yes, using the blockchain, as said in the page 1, costs nothing and would be more appealing for crypto gamblers.

On the other hand, in order to get traction, you could hire a moderator's or well known and reputed user's signature, if any of them is interested.

What do you mean about having no cost? Every transaction specially on blockchain based games or type would really be normally having those fees within transfers.
I dont know on what you are saying in this regard considering that transactions couldnt push through if there would be no fees.

I mean to use it in order to select the winner of each raffle - as said in the first page of this thread and Blawpaw mentioned a few posts above, in order to avoid using any other randomizer online: it could be just the last numbers of the hash of the next block. And it is free.

[delfastTions]

Yes, using the blockchain, as said in the page 1, costs nothing and would be more appealing for crypto gamblers.

On the other hand, in order to get traction, you could hire a moderator's or well known and reputed user's signature, if any of them is interested.

What do you mean about having no cost? Every transaction specially on blockchain based games or type would really be normally having those fees within transfers.
I dont know on what you are saying in this regard considering that transactions couldnt push through if there would be no fees.

I mean to use it in order to select the winner of each raffle - as said in the first page of this thread and Blawpaw mentioned a few posts above, in order to avoid using any other randomizer online: it could be just the last numbers of the hash of the next block. And it is free.

By the way, the last digits of the hash are definitely completely random numbers. 
I don't even remember how many years the lottery procedure has been used here in BTT.  Often, BTT users use the 2-science number from the last digits of the hash when 100 people participate in the draw.  A very convenient and fair method for drawing prizes.  And just publicly confirm it to everyone.   
I really like this version of the draw.

[Porfirii]

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I mean to use it in order to select the winner of each raffle - as said in the first page of this thread and Blawpaw mentioned a few posts above, in order to avoid using any other randomizer online: it could be just the last numbers of the hash of the next block. And it is free.

By the way, the last digits of the hash are definitely completely random numbers. 
I don't even remember how many years the lottery procedure has been used here in BTT.  Often, BTT users use the 2-science number from the last digits of the hash when 100 people participate in the draw.  A very convenient and fair method for drawing prizes.  And just publicly confirm it to everyone.   
I really like this version of the draw.

I didn't know that it was so broadly used here in Bitcointalk, but it is definitely a great idea and use of case, so you don't have to trust third parties, or audit them if they are open source. But it doesn't surprise me either, there are many creative minds in this community

[Mr. Magkaisa]

Hi i am thinking in developing a crypto raffle game

To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1

We can donate 10% of all tickets sales to a crypto foundation of our players selection

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc  


Let me know what you think

  -  I think what you are planning is great OP, I just have a few questions for you. First, how much is the allocation budget that you or your team have for this matter?

Then for the operational cost, Signature campaign, affiliates Servers plus ads everything is 30%, so it comes out to 6% per allocation you will allocate for this, right?

While it's nice and I support what you said that 60% of the ticket sales will go to the crypto foundation, you're kind of 2 thumbs-up from me here. But if you can sell a lot of tickets, what if you can only sell a small one? that will be your big problem in my opinion.

[Aanuoluwatofunmi]

You have to consider one thing which the the money involved to get a slot to your raffle, it may be a small amount but many gamblers may think otherwise as a way of scam or extortion from them since this is their first experience they will be having with you, assuming you've got enough reputation already right from the forum and been trusted this couldn't have been a challenge anymore because people know you can deliver, but consider this as a starting point i will advise to start from low level whereby you will use your own money to fund the raffle and maybe from their gradually you get known with good reputation, just believe me you need financial means to start up this.

[btc78]

Hi i am thinking in developing a crypto raffle game

To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1

We can donate 10% of all tickets sales to a crypto foundation of our players selection

60% of all tickets sales is going to the prize

and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc  


Let me know what you think

Good luck to your journey in crypto gambling area but I think it is better not to stick with Raffle events mate because this does not attract many response from legit gamblers because we are love casino games and sportsbetting.

why not extend your offering from this to whole casino but of course this will be your main target of audience .

But I would also love seeing this through and may be interested in taking part in the future.

[redsun114]

-  I think what you are planning is great OP, I just have a few questions for you. First, how much is the allocation budget that you or your team have for this matter?

Then for the operational cost, Signature campaign, affiliates Servers plus ads everything is 30%, so it comes out to 6% per allocation you will allocate for this, right?

While it's nice and I support what you said that 60% of the ticket sales will go to the crypto foundation, you're kind of 2 thumbs-up from me here. But if you can sell a lot of tickets, what if you can only sell a small one? that will be your big problem in my opinion.

There is no allocation budget but he is the one that seeks for funds to be able to start this program. 60 percent will go to the prize of the people that wins it but 10 percent will only go the chosen charity. If ever he only sold a small number of tickets, I think the raffle won't be started.

This is sad but it's better to accumulate more money so that the amounts that will be shared to the winner and charity is going to be sufficient. I don't know if what will be the gain of the op for doing this because he didn't add a cut/percent for himself but I am also thinking that maybe he already have a gambling site and he will just add it there. Well that's great.

[Hamphser]

-  I think what you are planning is great OP, I just have a few questions for you. First, how much is the allocation budget that you or your team have for this matter?

Then for the operational cost, Signature campaign, affiliates Servers plus ads everything is 30%, so it comes out to 6% per allocation you will allocate for this, right?

While it's nice and I support what you said that 60% of the ticket sales will go to the crypto foundation, you're kind of 2 thumbs-up from me here. But if you can sell a lot of tickets, what if you can only sell a small one? that will be your big problem in my opinion.

There is no allocation budget but he is the one that seeks for funds to be able to start this program. 60 percent will go to the prize of the people that wins it but 10 percent will only go the chosen charity. If ever he only sold a small number of tickets, I think the raffle won't be started.

This is sad but it's better to accumulate more money so that the amounts that will be shared to the winner and charity is going to be sufficient. I don't know if what will be the gain of the op for doing this because he didn't add a cut/percent for himself but I am also thinking that maybe he already have a gambling site and he will just add it there. Well that's great.

If you do read up again then you had forgotten that 30% which is intended for those expenses.Dont expect or anticipate for those thing to spend up that much which means the rest or excess would really be

going into his pocket.It would be impossible on raising up some lottery or business which you wont really be making yourself able to gain.Of course you would really be eyeing on getting gains out of that 30%

but just like the rest been saying that raffle game or lotteries doesnt really get that much attention on gambling world unlike on national lotteries though but if you do speak or mention about here on crypto
space alone.Then you cant really see any lottery websites do really succeed out except from Freebitco.in which it did really have that kind of set up
which di really poke up huge interest on the community but of course the reductions arent as worst as this on getting 30% which is too much.

[rodskee]

Looks good. Its not that there's many people interested in raffles but I guess that as a business model it looks great.
I would only add, as someone aleady pointed out, to use the blockchain to get to the winners. Instead of using some random software, you can use the BTC blockchain.

If I remember it correctly , there are raffle game that had been in the forum back then but I can't remember that any of those succeed(aside from those short  raffle that conducted by prominent members of community here) .

but you are correct they might be a  good business  model or maybe this time attraction will come in raffles game.

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OP are you still interested in bringing your plans here? because it seems that you have not visiting your thread for days now.