Hey all,
I want to conduct an experiment and start another kind of lottery game. This one is based on a real life one, but I will tell you up front how it works.
Here are the rules:
1. Minimum bet 0.001
2. No Maximum bet. You can bet 100 BTC if you like. But I'm telling you, you will lose.
3. Chose a number from 1 to 100.
4. Send BTC to the betting address including your bet amount, and the last two digits as the choice of number. The 7th and 8th decimal place. A satoshi value of 00 to 99 (00 = 100, or you can send 100 if you want.)
5. Wait for the draw.
6. If your number is announced, you are the winner, and the winner gets 40 times whatever he bet.
For example, you want to bet 0.001 BTC, and you pick the number 37, then you send 0.00100037 to the betting address.
Here are some additional rules to make sure this game finishes successfully:
1. This game is NOT provably fair. It is going to be RIGGED. I will chose the winning combination on the draw date.
2. The draw date is when I have at least 100 unique bets (which covers all the numbers; therefore there will be a guaranteed winner.)
3. OR it has taken too long and I didn't get enough bets, in which case, everyone gets an almost full refund (minus the bitcoin tx fee.)
4. Too long will be defined as, by the end of this year. That means 2014-12-31 23:59:59. That's 3 months from now.
5. If I draw early, I will make a post here that all bets are closed and there will be a draw soon.
6. I will announce the chosen number, and send the winners their prize, to the BTC address that sent the bet.
These are the obvious conclusions, which I will tell you up front now, in case you don't realize it:
1. I will chose the number that has the lowest combined total bet amount.
2. There will be a winner unless I don't get enough bets before the end of the year.
3. The correct strategy is to pick the number that no one else has chosen, and to send the smallest amount just below what all the other numbers already have.
4. This game resembles a real life numbers game in my country, but has been scaled down.
5. Use a wallet that you control the address, such as Bitcoin Core.
6. Unconfirmed transactions will not be counted, so don't forget to send the tx fee.
7. There may be more than one winner. If two or three or four people picked the announced number, they all win 40 times what they bet.
And finally, here is where I may seem to contradict myself, and to add a little fun to the game:
1. The game is actually fair. You know it is going to be rigged. The logic on how to pick the winning number is quite clear.
2. There will be one common betting address. You can see what people are betting on.
3. Therefore, once we have at least 100 unique bets, you can see that there might be a draw.
4. I'm not going to draw at exactly 100 unique bets, I might draw at 110, or 120, ... as long as people keep betting, I might extend the draw date a little bit. Actually, I'm going to announce the draw date at least a day in advance, so people can do last minute bets.
5. By the time I draw, you can pretty much guess who won, unless there is more than one choice, in which case it will be random between them.
The game starts now, ends when I announce that it ends, or when it's the end of the year.
Here is the betting address:
1BetqURR8X8MQ84s7YMgqLgk22qq1k5HYEYou may remain anonymous, all I need is a correctly formed bet transaction. The rest of this thread is for comments, or discussion, or whatever.
If you don't like the rules, don't send, don't play.
Thanks.
You can check the bets here:
https://blockchain.info/address/1BetqURR8X8MQ84s7YMgqLgk22qq1k5HYE
