Quote from: FrueGreads on November 30, 2017, 02:51:52 PM

I don't have anything against your idea, and I will just leave you with some thoughts that occurred me. First, what you are describing is just another form of lottery, but with better odds of wining something. Nothing wrong there, and sometimes the simple things work best. I do think that 10% as house profit is just to much. You need to think about scalability. Sites that charge commission and always win no matter what they do (casinos, poker sites, lotteries) normally don't charge commissions that big, because they don't have to, since they will have a great profit in the long term, no matter what.

I think that 5% commission is more than reasonable, and even there, it's a bit on the large side. Finally, although the house doesn't need to cheat, it's important that the draw is fair (otherwise the house could just put some payments on the address, and make sure they win), so yes making it provably fair would be very important.

in the past the gambling sites which have done lotteries haven't been all that successful either. I think a lot of people even though it's provably fair are skeptical about it.

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