Bitcoin Lottery: full guide to win
Traditional lotteries, or national ones, are games where players are granted the ability to select an X amount of numbers from within a certain number range, usually from 1 to 49.
After the time limit for ticket purchases is over, an arbitrary draw is held and players will then compare the numbers they chose or were given, with the results of the draw. If the ticket numbers match the draw, players have hit the oh-so-desired jackpot which can translate into millions in prizes.
Some smaller prizes are also on the line in case the players got some of the numbers correctly.
This traditional form of lotteries is now migrating to the online world and into the cryptocurrency universe with the emergence of cryptocurrency lottery websites.
These cryptocurrency lotteries, or Bitcoin lotteries, work pretty much in the same way traditional ones do. Players will buy tickets and choose whatever selection of numbers they feel will be the lucky ones, or they can opt for an automatic selection that will randomize their ticket numbers.
The price of the tickets may vary from platform to platform and some of them can even be purchased with fiat currency and have the payouts be in fiat as well.
For someone living in Europe, it’s basically the same as EuroMillions but without the hassle of having to go outside to buy your ticket.
Where to play
Now that you understand more about how to play the game, here’s a list of the best Bitcoin lottery websites where you can play it.
Before you do though, bear in mind that if you choose to play on different websites, you should always check if the provider is obliged to respect imposed regulations that will protect you from being scammed. One of the ways you can do this is to verify if the country you reside in has active rules that regulate Bitcoin gambling.
Also remember to play with caution, online platforms, specially those that deal with incredible amounts of money, are sometimes targeted by hackers. To avoid losing your money it is best if you can be aware of what’s going on in the gambling world so that you don’t throw your hard earned capital into the hands of a few dirty criminals.
What are the pros and cons of Bitcoin Lottery websites
The pros are pretty straightforward, Bitcoin lottery players will have the chance of winning amazing prizes without risking a high amount of money to enter the game, It’s very easy to play and even inexperienced players will be able to understand how to play fairly quickly, being an online game it means that you can play it from wherever you are so you’re not physically bonded to a specific place in order to play it, players can use their trusted mobile to play and most platforms are completely transparent and provide fair results. This last aspect is easily verified by using “Provably fair”, a tool that will be mentioned later on in this article.
The cons are the obvious chance of players losing their money, I mean, it’s called gambling for a reason and the fact that some Bitcoin lottery providers are unregulated. You can combat this last con by verifying if the country you live in has some sort of Bitcoin gambling regulations in place.
How to sign up and play
– Wallet Address
– Email Id
– Phone number
After signing up players will regularly receive notifications related to when they can purchase their lottery tickets.
Since the players can buy tickets using Bitcoin, their identities remain anonymous. The transactions stored on a public blockchain allows traceability and makes it easier to resolve any disputes or scandals related to lotteries.
Since no one is aware of the next transaction in the blockchain, this adds an extra layer of randomness to the selection process.
Once the random number is generated an matched to the player’s ticket number, they are awarded and money is automatically sent to their respective wallets.
Since transactions are recorded on the blockchain, players can trace back the history to know who had won the jackpot and if the commissions and wins are paid out as defined in the smart contracts.
Here’s a brief overview of how blockchain technology can improve the lottery ecosystem:
– It improves fairness with the smart contracts.
– Privacy and accessibility
Once you’ve sign up you’re now ready to play the game and with Bitcoin Lottery the procedure is quite similar and I’ll explain it with a practical example.
- The players buy a ticket, or more, using Bitcoin.
- Those tickets will have a random selection of numbers from within the range just like any national lottery.
- A draw then takes place that will decide the winning numbers.
- Lastly the players holding tickets will compare their numbers with the ones from the randomized draw and if they all match they’ve hit the jackpot.
Probability of winning
Just like any other national lottery, the chances of winning jackpot here are, to put it lightly, incredibly slim.
In a scenario where there’s a pool of 49 numbers from which 6 will be chosen or automatically assigned to a player, considering there is only one winner, the chances of you holding the winning ticket are 1 in 13,983,816, which is the total of possible outcomes.
In percentage, this translates into a winning chance of 0.000000000000511385722%.
To everyone interested in playing Bitcoin Lottery, be mindful that there are very few chances of hitting jackpot and that it is much more likely for you to be crushed by a meteorite, become the U.S President and even die by hot tap water than actually becoming a lottery winner.
Differences between national lotteries and Bitcoin lotteries
One of the biggest fears of any lottery player is the questioning of whether or not they’re being cheated at it. This is quite understandable considering that it is very easy for an online casino to just make you lose through their faulty coding. In the bitcoin gambling casino though, there is a solution named “provably fair”.
What is “provably fair”?
“Provably fair” is a tool that allows players to verify each and every roll result in order to make sure they’re not being cheated.
This tool has several methods of implementation and I’ll explain what those are and how you use them.
- Server seed – Provided by the gambling site.
- Clientseed – Provided by your browser and adjusted by you
- Nonce – A number that increases with each bet you make
In the first method, the player will get an encrypted hash of the server seed before starting gambling. Considering you get it in advance, the website the player is using cannot change it later. With this method you’ll not be able to calculate your own roll results in advance because of the encryption it’s subjected to, thus, you can only get it once you get the unhashed server seed.
The client seed is generated by the player’s browser and the player can and should adjust this client seed before starting the game. By doing this players make sure that the site is not aware of your clients in advance.
The nonce value will start with a 0 or a 1 once the initial bet is made, depending on the website, and after each and every bet the nonce value will go up by 1.
How to verify your roll results
The unhashed server seed will never be given to the player in advance because this would result in the player’s ability to generate all future rolls and basically win every single time. So in order to use this method, the player should, after the gambling session, generate a new hashed server seed that will reveal the old unhashed server seeds that were being used for that particular gambling session. This will give the players the information on whether or not they were being cheated on.
- So on Step 1, make sure the hashed server seed you got is really the hash of the unhashed server seed. Confirming that the server seeds match is very important because you might be given a random hash, which will allow the site to still create fake outcomes.
- Step 2 will task you with the generation of each roll result so that you can then compare them to the rolls you made on the website.
This isn’t an easy task though, considering players make hundreds or even thousands of bets, verifying them all one by one is next to the impossible shore, and therefore you should use a “Provably fair” verifier. The creators of the tool have made verifiers for the most popular dice website which will allow you to very easily verify the validity of the rolls. The only thing you need to do is to provide the several seeds and number of bets you made. The rest is up to the verifier which will check the server seed hash and give you a list of all rolls.
This is one of the major differences between national and Bitcoin lotteries because even though the gambling model is basically the same, the certainty that you are not being cheated out of your money is a very crucial aspect of the online platform that will have players swarm in.
It’s all about the transparency of what’s happening to your bets and with this tool that will be as clear as water.
You can find more information about this at dicesites.com/provably-fair, where you’ll also be given access to verifiers built for a variety of gambling sites.
Similar casino games
- Mega Ball 100, a dazzling game show is set in a vibrant and colourful studio, an environment that perfectly frames the main attraction, our custom-built ball drawing machine, that houses the 51 multi-colour numbered balls. This exciting and fast-paced game is exceptionally simple to play. All players need to do is set the value of their cards and purchase their desired number, up to 200 per game round. The anticipation builds as they watch the balls drawn match with those shown on their cards, to make lines and potentially win!
- Bitcoin keno is one of the most popular games on crypto betting sites. Despite its simple rules, this lottery-inspired game rakes in millions of gamblers around the world to test their luck in winning life-changing crypto jackpots by matching the right set of numbers—like in bingo and in lottery.
Although Bitcoin keno bears similarities with said games, the latter holds some perks that set it apart from standard games of chance.
- Lastly you can always check other crypto games that can be enteretaining as well or else the classic casino games online.
CO-FOUNDER & CRYPTO ENTHUSIAST
We are born in a chaotic age, all looking for our own space. A space that exists beyond ideas of what’s right and what’s wrong. Space where we can express, and find ourselves. Fred Edwards is on his way to find the best expression possible of what are his passions. Enthusiast about blockchain, tech in general and a close-knit gambler. Contact me at info [@] cryptogamble [dot] tips