Quote from: stayeduptolate on February 03, 2018, 07:07:05 PM

Quote from: basu77 on January 10, 2018, 01:17:27 PM

Guys I'm working something, which I will definitely share with the community soon.

I've a very simple question to all traders and Bitcoin enthusiasts.

Would you be interested in taking part in a lottery where you can win 100 Bitcoins by investing 0.01 BTC?

Basic rules are as follows: Participation cost 0.01 BTC, 15,000 participants.. 1 winner gets 100 Bitcoins, 20 Runner up winners get 2 Bitcoins each.

I'm working on a similar concept - wanted some thoughts from you folks before I take it any further..

So will you invest 0.01 BTC to win 100 BTC? Yes or No and why...

I won't invest 0.01btc in order to win 100 btc as it's a huge risk and also the house is the one that's making the profit here of about 10btc per round as 15k tickets are being sold.
And the chance of winning the lottery is pretty low as compared to the risk taken by the bettors.
So I think it's best to avoid these kind of games where the major share is won by a single entity as it can also be one of the addresses of the company itself and the bettors can easily be scammed.

Well if i'm really a gambler then yeah. .01 is a small price to pay if there's even a small chance to win 100 btc. The odds aren't that attractive since your chances are 1 in 15000, but its considerably higher than lottery games with the price pretty much the same. Problem is i'm not a gambler :p