100,000 tickets @$20 = $2,000,000
1st prize: $1,000,000 2nd: $100,000 3rd:$25,000 and 75 others @ $1,000 each. Total prize $1,200,000 so you will take $800,000 from every draw?
You are also giving away free ticket, how if there are 100,000 people claim it? Will you do the draw while you will have to pay $1,200,000?
1st prize: $1,000,000 2nd: $100,000 3rd:$25,000 and 75 others @ $1,000 each. Total prize $1,200,000 so you will take $800,000 from every draw?
You are also giving away free ticket, how if there are 100,000 people claim it? Will you do the draw while you will have to pay $1,200,000?
Even if this is legit, $800,000 is too greedy for the man behind it... other thing to think about is the odds behind the game, is a $20 bet on the chance to win of 0.001%. Some dice sites pay x99000 for that chance while here we only get x50,000.
So, not a good deal at all. If the $2,000,000 had a collateral maybe this would be a fair thread, but i don't think the guy behind the game have a $2,000,000 collateral.
And what about provably fair, we can't be sure this will be rigged or not
Hey SeoIncorporation!
Even if this is legit, $800,000 is too greedy for the man behind it...
Large lottery companies such as Power ball contribute much lower money in terms of percentage towards the final prize. Here is a section from a news article (people.howstuffworks.com/not-all-powerball-ticket-goes-jackpot.html):
"According to Kelly Cripe, director of media relations for the Texas Lottery Commission, precisely "34.0066 percent of each sales dollar is contributed to the jackpot.""
And what about provably fair, we can't be sure this will be rigged or not
For our winner selection technique, this section from our FAQ will address your concerns:
"At the time of the draw, a winning ticket(s) is selected at random using random.org which is an unrelated third party; the draw will be live streamed on YouTube (or another video streaming site) when every ticket is sold. To make things as fair as possible, the draw will be conducted on video by people who are not related to Bitcoin Jackpot."
If you are interested in how reliable random.org is, you can take a look at their FAQ which discusses how they create random numbers: https://www.random.org/faq/
Thanks for the message!