Also note the jackpot is now over 3m for a 25LOT stake
Don't be fooled... MOST OF THE 250 Million will be profit from gambling on bets placed already... more of the winnings will have already been converted in to bitcoin... YES YOUR MONEY and any one stupid enough to think they can beat the odds of a casino is either plain dumb or being exploited...
Do you think these sites are built to give away money and make you all happy... LOL
No they are built to take advantage of people who think they can win big... poor people who dream of turning a small amount of money into a big amount of money as they do not know how to work the system and invest like the savvy investors... the overall odds are ALWAYS stacked in the CASINO's favour so actually YOU will be buying lotto cheap... spending it at casino games sites then the casino games sites will simply be selling it back in to bitcoin...
As price rises from demand they WIN both ways... they syphon of your money and make on the increased demand.
Is everyone around here naive or just plain stupid to understand how it works.
... anyone thinking that casinos are going to be buying to shoot the price up are living in cloud cuckoo land. Yes they may well buy as its a good investment but NOT to cover payouts... its a bit like saying cryptsy would buy lotto to cover the gains...
NO its all calculated to siphon profit off placed bets... YOUR money and YOUR investment.
THE REASON THAT LOTTOCOIN is SUCH a good investment is that there are SO many sad mother-f****rs in the world who play lotto style casino games and bet online. They are all being taken for the biggest scam in global history!
Why do you think they are addictive... coz they place the odds so you win enough times to make you THINK you are winning and when you realise you are actually losing you play harder to TRY and win back your loses... ALL gambling and casinos play on this simple piece of human psychology.
Governments don't mind when its regulated as it brings in much needed tax to support the failing economy so they allow the poor and dumb to be exploited...