Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] SmartBillions World’s first multi-billion-dollar blockchain lottery.
by
Lutpin
on 02/12/2017, 17:00:38 UTC
Since the FAQ doesn't load over here, I'll have to ask some questions directly, maybe someone is smart enough to answer them (or you can take a look at that ...paper).

Taking a peek at the site, you currently accept bets from 0.001 to 1 ETH, when I enter my bet size, I get an "estimated" win, where the estimate for #6 is glowing & jumping right in my face.
It says 7,000 ETH at the lowest allowed bet size and a whopping 7,000,000 ETH at the 1 ETH max bet. However, your current pot is just 6,227 ETH, meaning you can't even cover a jackpot hit at the minimum bet.

Am I right that the payout for a single bet is always capped at your current pot size?
If this assumption is correct, why do you show "estimated wins" that are way higher than what you actually can pay?

I think this is highly misleading, and further I think this is intentionally misleading. You should adjust the estimates to show actually valid amounts, not fictional possibilities.
And you should do this quickly, because with every bet placed, you are promising something you cannot keep.
On top of that, since you cannot cover any full jackpot hit, not even on the minimum size, betting in any way right now has a higher than intended house edge.