Quote from: btcLottery on September 12, 2011, 05:41:44 AM

Quote from: geek-trader on September 12, 2011, 05:21:55 AM

I'm a dumbass. I'm player #34, with the note "Original bet of .1 was over the max."

I misread the min/max. Please keep the .08 BTC. I can't even buy a soda for that much, and I'm happy to tip a game operator .49 cents USD.

I guess, looking at it now, I'm surprised that the min/max are so low. Looking at the payouts you posted, I'd probably not play again for such small amounts.

I suggest you increase the amounts by 10x. 5 BTC win would be much better than 0.5, and does anyone really object to betting 0.1 BTC?

Thanks!

First off, thanks for the tip

As for the min/max, this is where my heart is torn.

I would love to do .1 for a bet, BUT, if someone were to bet .1 and hit the big prize, the Strait, which pays out 500:1, I would be screwed. I would then have to fork out 50 btc, and I'm no miner, so I don't have 50 btc to my name.

Thus, I purposely put my own 20btc in to start it, and set the maximum bet to [prize pool / 1000] so that In the event that someone does actually hit the big one at the max bet, it only takes half the prize pool, and it's something I can recover from...

Alright, I'm thinking out loud here.
I suppose I could get the min bet to .1 btc.
However I would have to:
1) Purchase some more btc. (or get a really generous early-investor/miner to volunteer some btc Wink

)
2) Set the payout of the strait win to 250:1 (Some actual Pick-3 lotteries already pay this much), thus a win wouldn't completely wipe me out if the bets were set to .1 btc.
3) I've already eliminated the Match 1 win, which at 1:3 odds, was too easy and would stop any noticeable growth in the prize pool...

Are you guys ok with this? I don't like changing the rules mid-game, but if you feel this would be a better way to go, I would be happy to give it a go...

Again, I'm not in this for the money, I really don't make anything doing this. I just really like bitcoin and want to see it grow.