Quote from: Konzul on August 05, 2011, 10:51:20 PM

I do like the idea, however you should make clear if and how much of a cut you take for running the syndicate. Currently you say + 0.01 per order, is that all you take? (Would leave you with the difference of cost of purchasing ticket transaction fees of 0.005 x tickets sold, not a lot of "profit" for you).

In addition for "bigger" lotteries you should consider shares in single tickets. This would enable low rollers to take part in the big jackpots.

Wish you good luck with the syndicate. Actually I might purchase a few tickets trough it soon. Long term you might want to automate the ticket purchasing to reduce effort required by you. Also using a specific wallet / hash to purchase tickets from is a great idea by bitlotto.

Basically my cut is the 0.01 per order. This might be slightly bigger or 0.01 per ticket for the main BitLotto game; I'm not really sure yet. Or maybe it could increase slightly with the amount of tickets ordered... maybe like 0.01 per two tickets.
My main profit from this essentially comes from the fact that I'll be part of the syndicate myself from time to time. I bought three tickets myself for this round.
It's all a work in progress though. Prices may change or whatever, but I want to keep it as close to the price of buying a regular ticket as possible. I doubt I'll be changing the price for BitLotto Jr because the prize pots are generally quite small so if I increase the processing fee it becomes pointless for the player. Plus its fun for me just as much as the other players... I never envisaged this as hugely profitable for myself.

To your second point...
Currently each single ticket is counted as such. So lets say person A has 3 tickets in the syndicate and person B has 7. If the lottery winnings is 10 bitcoins then person A recieves 3 and person B recieves 7... obviously because one ticket is worth 1 bitcoin.
For the big lottery I might consider running a side syndicate for a single ticket orders to accomodate those that can only afford one ticket... so each player can only buy one ticket thus giving a higher share of the prize for those who cannot afford many tickets. That might be somewhat difficult to 'police' though... So we'd basically have a Single ticket syndicate and a Multi ticket syndicate. Obviously the multi one would generally have a higher chance of winning but would result in a smaller ticket value. Single ticket syndicates would result in a smaller chance of winning but a higher share of the prize.

Thank you for the advice and suggestions. As I have said many times this is a work in progress and I love user feedback.
I expect I'll be using the seperate wallet idea in the next draw... in fact I've already set it up on my end. I'll have a look into automation of ticket purchasing although it's not really been that bad to do it manually so far... I guess I'll see how many players we can get. Of course if I end up having to process 100+ tickets, the manual way might become a problem.
Hope to see you joining the syndicate soon