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However, there are some differences in terms of odds and the types of games available. There are differences in the odds offered by different games and different providers under this category.
To give you an idea of your chances of winning, consider the industry average in a 49 ball game where 6 numbers are drawn:. Though the end game is the same, there are some variations in the execution part of it as we will see in greater detail below.
Let us take a close look at the main types of a Bitcoin lottery:. In its early days, the Bitcoin lottery space featured games drawn from the traditional lottery space.
For instance, one of the earliest arrivers on the scene, Lottoland, was known to get its numbers from traditional lottery games.
It did not draw its own winners, but rather, used numbers from providers such as Bonilotto Spain. The idea behind this was to foster trust as this would eliminate impropriety from the selection process.
A major highlight of this model is that traditional lottery operators offer services under stringent regulations. A space that is highly regulated means better security for players.
Another advantage is the opportunity for regular play, as these services often offer daily draws. The potential for winning is also huge and such games are associated with massive prize pools due to their popularity.
However, the main downside is that it is difficult to verify results. These make use of provably fair technology, allowing players to verify the randomness of results.
Balls for this type of lottery are randomly drawn, a fact that can be verified at any time. It is also possible to verify the number of tickets sold, the person who won and other details.
In order to make this possible, the mechanism creates a seed when the balls are drawn. Next, the platform gets a second random seed from the player.
When the two seeds get hashed, the balls are generated. If you match a specified number of balls, you win a prize. Another possible option involves games where balls are drawn using software from third-party providers.
These are providers like Net Ent and Evolution among others which are best known for their casino games. The best part about these providers is that they adhere to industry regulations as per full license requirements.
Since they undergo regular audits, they have to make sure they meet the set standards. They are known to offer fixed odds, rather than basing the prize money on the number of tickets that players buy.
Instead of calculating the prize based on a percentage, the prize is calculated using a multiplier. This means players get the opportunity to set their own stakes.
Despite all of the modern advances in the game, the basic concept of a lottery remains the same and most of the age-old rules have been kept intact.
Just like buying a tangible ticket from a store, Bitcoin lottery players purchase one or many online tickets from the site of their choosing and hope that they hold the winning combination of numbers.
The whole concept of a lottery relies on it being totally random, which makes it a game of luck rather than skill.
However, there are a few strategic techniques that can be used to give smart Bitcoin bettors a slight edge over their fellow players.
These include purchasing many tickets, finding the ideal Bitcoin lottery platform and picking a good mix of numbers ranging from low to high.
It is also beneficial to join online lottery forums to get updates and tips about the different available games and read suggestions from seasoned expert players.
Getting started with Bitcoin lotteries is pretty simple. Here is what you need to do:. Step 2: Select a suitable Bitcoin lottery site and sign up then purchase a ticket.
Step 3: Next, you need to choose 6 numbers between 1 and You can either do this manually or use the Quickpick option that automates the process.
Step 5: The amount you win will depend on the number of matching digits you get. Based on the type of lottery you play, this could be a percentage of the prize pool or based on a multiplier.
All you have to do at this point is to withdraw your winnings! Unlike casino games, lotteries offer an opportunity to win without requiring any skills whatsoever.
It is easy to understand why they have always been popular. Now, with the inception of Bitcoin-based alternatives to the traditional options, it is even more alluring.
You can now play with complete peace of mind, not fearing about losing your winnings to rogue operators. You can also play from any part of the world and enjoy the opportunity for massive wins.
Getting your payout instantly is the icing on the cake. We are committed to responsible handling and protection of your personal information.
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Bitcoin Lottery. Benefits of Bitcoin Lotteries over Traditional Ones Many avid gamblers might be wondering what the benefit is of playing lotteries with Bitcoin as opposed to traditional cash and fiat funds.
Pros Low Stakes to Enter Bitcoin lotteries are known to offer much lower stakes than traditional ones.
Can Be Played on the Go Mobile-Friendly Traditional lottery operators have not managed to keep up with the times to the same extent as their blockchain counterparts.
Loads of Choices Traditional lotteries are often restricted to specific countries. Transparent Among the biggest drawbacks of playing traditional lotteries is the lack of transparency.
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Lottoland doesn't draw winners, but rather uses the numbers drawn from Spain's Bonolotto, which reduces the chances of impropriety with the winner selection process.
Prizes are awarded as follows:. As with most lotteries, prizes are split among all of the tickets with the correct numbers.
If you're wondering whether Lottoland is a scam, the prizes are awarded regularly though of course, the odds of winning are long.
The company has an insurance policy that pays out when winning numbers are selected and the ticket prices cover the cost of the insurance premiums.
If you are nervous about dealing with cryptocurrency if you win a Bitcoin lottery, you don't need to be. Lottoland promises that they will help their Tier 1 and Tier 2 winners set up a Bitcoin wallet if they need one.
If you don't want to do that or if you are not confident that the Bitcoin value will rise after you win, you can also choose to receive the prize at the current cash value at the time you win.
Not only this, but it is also possible to independently verify how the Provably Fair mechanism generated its outcome — as all of the data is available in the public domain.
In the case of Bitcoin lotteries, Provably Fair is absolutely ideal. One of the best things about Provably Fair Bitcoin lotteries is that the entire end-to-end process can be verified at any given time.
This includes the exact amount of tickets that were sold, how much was paid, which addresses held a winning ticket, and most importantly — how the winning balls were randomly selected.
The third option that you have at your disposal is to use a Bitcoin lottery website that utilizes a third-party software provider to draw its balls.
Keno is very similar to a lottery game, however, winnings are not based on the number of tickets sold. Instead, winnings are based on fixed-odds. The numbers run from Prizes and paid when you match at least 3 balls from your ticket.
As such, you can effectively set your own stakes. The second — and perhaps the most important aspect that sets this particular Bitcoin lottery game apart is the process used to draw the balls.
In the vast majority of cases, platforms will partner with third-party software developers such as Microgaming, NenEnt, and Evolution.
These software developers are not only required to hold full gaming licenses, but they regularly have their gaming data audited. On the other hand — unlike Provably Fair, the gaming data cannot be verified by the public, meaning that the ball-drawing process is kept behind closed doors.
Before you begin playing a Bitcoin lottery game, it is well worth making some considerations regarding your chances of winning.
First and foremost, your specific odds will depend on a number of key factors. Notably, this includes the number of balls in the draw, the number of balls that will be drawn randomly, and the number of balls on your ticket.
However, in order to give you an idea of the underlying odds, we have taken the industry average — which is a 49 ball game with 6 numbers drawn.
As you can see from the above examples from a typical 49 ball game, the odds are heavily stacked against you once you get past the 3 number requirement.
As such, it is crucial to assess how much each corresponding win is going to pay. Probably not. So now that you know the ins and outs of how Bitcoin lotteries work, we are now going to show you how you can get started.
Follow our simple step-by-step guide below to find out how to register and deposit funds at a Bitcoin lottery platform! Your first port of call is going to be to choose a platform that hosts a Bitcoin lottery game.
In some cases, these will be dedicated platforms that specialize exclusively in Bitcoin lottery games. In other cases, platforms will be a fully-fledged Bitcoin casinos that hosts a range of Bitcoin lotteries alongside more traditional games likes like blackjack, roulette, and slots.
Before choosing a platform, you also need to assess what type of Bitcoin lottery game that you want to play. As we discussed earlier, this will dictate how the balls are drawn.
For example, while some players prefer balls that are generated via Provably Fair, others prefer Keno-style games that are backed by regulated software providers.
Once you have chosen your preferred Bitcoin lottery platform, you will now need to go and open an account.
A pop-up box will then appear asking you to choose a username. Although you have just created an account by simply choosing a username, you should now go into your settings page and add a layer of security.
This can either be via two-factor authentication or email notifications. Once you opened your account and added a layer of security, you now need to deposit some funds so that you can enter a Bitcoin lottery game.
You will then be shown your Bitcoin deposit address. This wallet address is unique to you and your Bitcoin lottery account, so make sure you keep it safe.
Copy the address to your clipboard, and then head over to your external Bitcoin wallets. Finally, once you transfer the funds to your deposit address, the Bitcoin lottery platform should credit the funds within 1 blockchain confirmation.
As soon as your account has been funded, you can then proceed to start buying some Bitcoin lottery tickets. As you will see from the image below, the cost of one lottery ticket is 0.
Next, you then need to decide how many tickets you want to purchase for that particular game. Once you enter the number of tickets in, the total cost box will automatically update.fatimagalego.com Lottery currently supports over 10 world-famous lotteries including the US PowerBall and MegaMillions, EuroJackpot and EuroMillions, and the hugely popular Spanish Christmas lottery Loteria de Navidad featuring a massive jackpot of € billion. BTC PowerPlay and Mega-Jackpot daily crypto jackpots are also available to play. fatimagalego.com Lottery currently supports over ten world-famous lotteries. These include the U.S. Power Ball and Mega Millions, the Euro Millions, and the hugely popular € billion jackpot Loteria de Navidad. Users can get started on the platform by creating a free account. Although 8bet is a relatively new entrant to the Bitcoin lottery space, its platform is well worth a look. Other than a couple of slot games and scratch cards, the entire platform is dedicated. About Us Our company, which has entered the market quickly with Bitcoin lottery and lotto, has aimed to grow further by distributing an average of 3 million dollars per year. We aim to stand out with bitcoin mining as well as the works we do. That's why we always use our servers in the best way possible. fatimagalego.com Lottery is owned and operated by Saint Bitts LLC. Registration. Registration information. I accept the Terms and Conditions. Create an account. Date Player Rounds Bet value Winnings Maximum profit got; UTC: LottoLover: UTC: gtbf. Bitcoin lottery with % payout. The only bitcoin lottery that pays everything to the players! Bitcoin lottery is the first and only % online lottery system which exclusively uses the new crypto-currency Bitcoin (BTC) and relies on an innovative gaming interface that utilizes independent cryptographic algorithms to pick up the winning numbers. The particularity of these algorithms is the use of the new Bitcoin Blockchain and the use.