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Author Topic: running a mega millions lotto for btc  (Read 1687 times)
cparsley
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February 14, 2015, 02:58:16 PM
 #21

I have in deed vouched I would hold the funds to make sure they go to whomever wins this contest, the Addie 1MegaM was vanitygen'ed by myself and even Yahoo doesn't have the private key to access the funds. Also no other transactions (other than the contest will occur on this address, and it is so marked as this game's escrow on Blockchain).
Ume
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February 15, 2015, 04:12:47 AM
 #22

Yahoo nice to see you here

But how many numbers can we chosen per ticket can we buy multiple tickets ?
xhomerx10
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February 15, 2015, 04:48:07 AM
 #23

The odds of matching all 5 numbers in one drawing is very low - 1 in 17259390
The odds of matching 1 are quite good at 1 in  3.76 and even matching 2 is pretty fair at 1 in 31.53

 Tell me why should somebody pay .01 bitcoin in the second, third, fourth... etc week for a brand new set of 5 numbers knowing that earlier entrants have a huge advantage?

 Maybe I haven't understood the rules properly?


Ume
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February 15, 2015, 05:12:44 AM
 #24

The odds of matching all 5 numbers in one drawing is very low - 1 in 17259390
The odds of matching 1 are quite good at 1 in  3.76 and even matching 2 is pretty fair at 1 in 31.53

 Tell me why should somebody pay .01 bitcoin in the second, third, fourth... etc week for a brand new set of 5 numbers knowing that earlier entrants have a huge advantage?

 Maybe I haven't understood the rules properly?




There is very much low probability of winning !
yahoo62278 (OP)
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February 15, 2015, 05:40:14 AM
 #25

guys youre looking at this wrong. you dont start with 5 new numbers every week. you can buy multiple tickets and when you hit a number you only need 4 more.

example: week 1 you buy a ticket with your numbers being 12345. the drawing is held. the numbers drawn are 12348. you have hit 4 numbers. you psy .01 for week 2 and all you need to hit is your 5.

say you hit 4 numbers and another guy hits 2 numbers in week 1. the next week you hit your 1 number and he hits his 3 also there will be a split pot. pretty simple concept here

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February 15, 2015, 05:48:57 AM
 #26

guys youre looking at this wrong. you dont start with 5 new numbers every week....

...say you hit 4 numbers and another guy hits 2 numbers in week 1. the next week you hit your 1 number and he hits his 3 also there will be a split pot. pretty simple concept here

 No I think you read my post incorrectly.  Per your example, why would I buy in in that second week if I hadn't in the first week?  There is one guy looking to get only one number but I would still need to get five.  It seems like I would be giving away my money.
yahoo62278 (OP)
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February 15, 2015, 07:07:50 AM
 #27

guys youre looking at this wrong. you dont start with 5 new numbers every week....

...say you hit 4 numbers and another guy hits 2 numbers in week 1. the next week you hit your 1 number and he hits his 3 also there will be a split pot. pretty simple concept here

 No I think you read my post incorrectly.  Per your example, why would I buy in in that second week if I hadn't in the first week?  There is one guy looking to get only one number but I would still need to get five.  It seems like I would be giving away my money.


you must buy in the 1st week or you cannot play. noone can buy tickets during current game til someone wins. then a new 1 will start. and the guy needing 1 number might take 6 weeks to hit, ya never know

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xhomerx10
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February 15, 2015, 03:21:22 PM
 #28

guys youre looking at this wrong. you dont start with 5 new numbers every week....

...say you hit 4 numbers and another guy hits 2 numbers in week 1. the next week you hit your 1 number and he hits his 3 also there will be a split pot. pretty simple concept here

 No I think you read my post incorrectly.  Per your example, why would I buy in in that second week if I hadn't in the first week?  There is one guy looking to get only one number but I would still need to get five.  It seems like I would be giving away my money.


you must buy in the 1st week or you cannot play. noone can buy tickets during current game til someone wins. then a new 1 will start. and the guy needing 1 number might take 6 weeks to hit, ya never know

 I didn't realize this was the case.
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