Moved to Games

[PhurryVermin]

GCPStudio Lottery

LowTable
2/5 odds!
For a BTC0.001BTC donation to GCPStudio you'll be entered to win!
Once we reach 10 donations and BTC0.01BTC 4 winners will be chosen at random!
1st place BTC0.005BTC   5x winnings
2nd place BTC0.002BTC   2x winnings
3rd place BTC0.0012BTC  1.2x winnings
4th place BTC0.001BTC   1x winnings

MidTable
2/5 odds!
For a BTC0.005BTC donation to GCPStudio you'll be entered to win!
Once we reach 10 donations and BTC0.05BTC 4 winners will be chosen at random!
1st place BTC0.025BTC   5x winnings
2nd place BTC0.01BTC   2x winnings
3rd place BTC0.006BTC  1.2x winnings
4th place BTC0.005BTC  1x winnings

HighTable
1/2 odds!
For a BTC0.01BTC donation to GCPStudio you'll be entered to win!
Once we reach 10 donations and BTC0.1BTC 5 winners will be chosen at random!
1st place BTC0.05BTC   5x winnings
2nd place BTC0.02BTC   2x winnings
3rd place BTC0.01BTC  1x winnings
4th place BTC0.01BTC  1x winnings
5th place BTC0.005BTC  0.5x winnings

MOVED

[dooglus]

Hi.  Thanks for the PM asking me to check out your game.

I do see a few things worth commenting on:

1. What are the $ signs for?  Is this a Bitcoin or dollar game?  The two change in price relative to each other constantly.

2. The house edge seems pretty high and inconsistent:

Low Donation
0.0004 per player
10 players, 0.004 total
0.00365 paid out   (+ 0.002 0.0008 0.00045 0.0004)
8.75% house edge   (* (- 1 (/ 0.00365 0.004)) 100)

High Donation
0.01 per player
10 players, 0.1 total
0.095 paid out      (+ 0.05 0.02 0.015 0.01)
5% house edge      (* (- 1 (/ 0.095 0.1)) 100)

You're charging 8.75% on one and 5% on the other.  Is that intentional?  Your payout multipliers are the same in both games, so I guess it's an error.

Note that:

0.0004 * 1.12 = 0.000448 (not 0.00045)
0.01 * 1.12 = 0.0112 (not 0.015)

Maybe you meant 1.125x for the 3rd place payouts, not 1.12x.  In which case only the "high" game is wrong.

3. How do we know you will pay anyone at all?

4. How do we know you won't enter and win yourself?

5. What if less than 10 people enter?  Is there an end date after which you refund everyone?

[PhurryVermin]

Hey, thanks for giving the input. This is my first game and I did think about the trust thing.  I don't really have much other than my word. I'm out and about right now, but would you mind if I pm you work out some details.  I would really appreciate the help. And the $ was to show what the $ value was at the time of posting. I see now how it could be confusing.

[dooglus]

Hey, thanks for giving the input. This is my first game and I did think about the trust thing.  I don't really have much other than my word. I'm out and about right now, but would you mind if I pm you work out some details.  I would really appreciate the help. And the $ was to show what the $ value was at the time of posting. I see now how it could be confusing.

I don't mind if you PM me, but I often don't notice PMs.

It's better if we talk here, because the watchlist thing works most of the time, so I'll notice your messages quicker here.

I think it's safe to assume that almost everyone reading this thread knows how to convert BTC values to their own local currency.  And not safe to assume they care about US dollars in particular.

[jambola2]

2. The house edge seems pretty high and inconsistent:

I think that makes sense.
They are calling these "donations"

They probably are trying to incentivise donations and are keeping a higher house edge to do that.
( I don't remember what was the name , but some other company offered a similar service where you had a chance of winning a jackpot whenever you donated to a specific site)

[PhurryVermin]

I have updated several aspects of this game to make it run more smoothly.

Payments/refunds will be made to the addresses provided on thread.

(After a few rounds, a method to continue playing when all 10 slots of a table are not filled will be implemented)

I want to reassure you that: I, nor any of my affiliates, will be entries into this game.
&
Payments/refunds will be made.

A unique address for each donation will help keep this possible.
Please use them properly.