Is Bitcoin Lottery Legal
Feb 01, 2021 Bitcoin Code is a bitcoin trading robot that claims to help ordinary traders make huge returns on their bitcoin investment with an investment as little as $250. The robot was founded by Steve. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Wallabit Media LLC and/or its owner/writers own Bitcoin. Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org. Bitcoin.org is a community funded project, donations are appreciated and used to improve the website.
Top Bitcoin Lottery Sites 2017, Huge Jackpots And Easy Wins
Some of you might think that playing with Bitcoin completely changes your favorite lottery game. Well, it does, but its for the better. You see, Bitcoin makes online lottery more fun. Expect to have as much fun as you want once you start playing lottery with Bitcoin. Buying tickets will be so much easier, too. But the best of all is youll get your wins in the fastest time possible. If youre one of those who are wondering about Bitcoin lottery legal issues, then youd be happy to know that theres nothing wrong to play lottery with Bitcoin. Of course, there will be problems if youre still a minor and living where online lottery betting is restricted. But other than these basic rules, youre free to play lottery. Heres a tip: make sure that you choose a casino or lottery site that operates legally. This way, you wont have to worry about legal issues next time. Whats great is that the majority of online lottery sites with Bitcoin are legit, so you shouldnt have any problem at all. Load up your wallet with bitcoins and get ready to buy lottery tickets. Just make sure you never get tired of aiming for the huge lottery jackpots. A legal online lottery site paired with provably fair lottery games simply seal the deal. Enjoy the best of both worlds since you can play legally and be sure that all draws are clean. You can manually verify all game results; thanks to provably fair gaming. Better yet, expect zero game manipulations if you have this feature at your chosen online lottery site. Once youve found a provably fair Bitcoin lottery site, buy your tickets right away. Join the draws and see how lucky you can get for each draw. If you fail to hit the jackpot, dont worry because you have plenty more chances. Keep playing lottery with Bitcoin and you wont regret buying a ticket. ExContinue reading >>
Bitcoin Lottery Startup Trueflip Banned In Russia
Feb 09, 2021 Hi Forbin, Yes bread and circuses have been replaced with takeaways and TV, re the lottery, I remember Branson being interviewed back in the day after his bid to run it was rejected in favour of Camelot, he described being openly bribed by Guy Snowden of GTech the company supplying the terminals and software for the UK operators to step aside in the bidding process.The question as to why GTech.
Bitcoin Lottery Startup TrueFlip Banned in Russia Antonio Madeira June 7, 2017 11:00 am The Bitcoin-based lottery TrueFlipwas banned in Russia and is now planning to take the case to court. Bitcoin-based lottery TrueFlip announced that its website was classified as prohibited in the Russian Federation. Although the website operators do not agree with this decision, TrueFlip complied with and blocked access to the website in the region. TrueFlip complies with the law, and we will point that out to the public and the nation state. We have sent a letter to Roskomnadzor clarifying the faultiness of such interpretation as the law defines a lottery as one implying monetary or commodity-based winning. Officially, cryptocurrency is neither money, nor a commodity. The notice sent by Roskomnadzor , a federal entity supervising and overseeing media in Russia, explains that the decision to blacklist the TrueFlip website was fueled by the lottery-based nature of the website, given that said games are banned across the entire country, except in a few designated locations. The notice reads: Within 24 hours after receiving from the hosting provider a notification of inclusion of the domain name and (or) the Internet web-site page link in the Register, the Internet website owner shall take measures to remove the information prohibited and (or) limit the access to the Internet web-site containing information prohibited for distribution in the Russian Federation. Although Russia is taking steps to create a new legislation focused on cryptocurrencies, which could possibly see Bitcoin and others recognized as digital goods, its still far from a safe heaven for Bitcoin companies, many of which have seen their websites prohibited in the region for no apparent reason. Roskomnadzor, who can baContinue reading >>
Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake?
Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake? : All Tech Considered With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically, millions of dollars are being kept in the digital currency. And it's increasingly being used by specialized websites to offer online gambling. But is Bitcoin gambling legal? Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake? Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake? Is Online Gambling Legal If Bitcoins, Not Dollars, Are At Stake? An image depicts the SatoshiDice website, which exclusively uses Bitcoin, not dollars, for gambling. NPR hide caption An image depicts the SatoshiDice website, which exclusively uses Bitcoin, not dollars, for gambling. With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically, millions of dollars are being kept in the digital currency, and it's increasingly being used by specialized online gambling websites. But is Bitcoin gambling legal? Purely in the interests of journalism, I decided to get my hands on some of the currency. When I did so, Bitcoin , which has been around for a few years now, was fetching around $17 on most exchange sites. It has since risen to more than $20. It turns out that it's really easy for someone to give you Bitcoin, but it's less easy to just buy them from a third party. I ended up asking a friend with some Bitcoin to help I told him I'd buy him a couple beers later. So, I created a Bitcoin account, and he shot me a few. The first gambling site I tried was SatoshiDice , an online dice game specifically designed for Bitcoin. Honestly, it's a pretty boring game. You just bet on whether a random dice roll will cContinue reading >>
Bitcoin Lotto: Win Bitcoin On The Lottery - How Does It Work And How To Enter?
Bitcoin Lotto: Win bitcoin on the lottery - How does it work and how to enter? Bitcoin Lotto: Win bitcoin on the lottery - How does it work and how to enter? BITCOIN has taken the world by storm over the past few months and now Lottoland is offering the chance to win millions of pounds worth of the cryptocurrency. Heres how Bitcoin Lotto works and how you can enter. Bitcoin Lotto offers players the chance to win 1,000 BTC Bitcoins (BTC) price has skyrocketed over the past 12 months, with one coin now worth about 11,000 ($15,000). And with the digital currency seeping further into the mainstream, Lottoland has jumped on the bitcoin bandwagon. The online lottery ticket outlet is now offering users the chance to win 1,000 BTC tokens every week - currently worth more than 11million. Here is an breakdown of how Bitcoin Lotto works and what you need to do to get a ticket. Ripple CEO says new cryptocurrency is the FUTURE Players will need to match six numbers (1-49) to win the jackpot, which will start at 1,000 BTC. The jackpot value is subject to BTC/GBP exchange rate fluctuations. Tickets cost 3, with one in seven bets winning a prize, according to Lottoland. This means Bitcoin Lotto is 10 times easier to win than the Euromillions. Bitcoin Lotto: The lottery takes place at 8.30pm Monday to Saturday JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics Lottoland said: This incredible bitcoin jackpot is the first of its kind and you wont find anything like it anywhere else. This incredible bitcoin jackpot is the first of its kind Furthermore, Lottoland will be increasing the bitcoin jackpot from time to time, so you can continually bet on bigger and bolder bitcoin bonanzas. Dont forget, there are plenty of additional prizes too just match two or more numbers anContinue reading >>
Bitcoin Lotto - Bitcoin Lottery - Free Lottery
At any time you can talk to the lottery bitcoin - bitcoin lotto by email in 1-Choose 6 to 15 numbers to create a ticket and compete in the bitcoins lottery. 2-You can create as many tickets as you want with bitcoin lotto. 3-Register, you will receive a password for your first access. 4-Please also validate your email, this is not mandatory, but it is important. 5-Log in and access your member area on bitcoin lotto. 6-When accessing your member area in bitcoin lotto you access your lottery information. 1-My tickets to pay -> In this area you will find your tickets to pay.Info: After paying your first ticket, you get a free ticket for each ticket paid.And it also releases your affiliate link, with it you get a free ticket for every ticket your affiliate purchases. 2-My paid tickets -> In this area you will find your paid tickets.Info: After paying your tickets you can draw them immediately, your free tickets also appear in this area.Once your tickets have been drawn, you check the result and if you win you can immediately claim your prize in the menu - Claim My Prize.You win if you hit 4, 5 or 6 numbers of the draw with one of your tickets.If you have not won, do not be discouraged, you still compete in the lottery in two prize distributions and big prizes in bitcoin lotto. 3-Results: All your results are set in the Results menu and you can always check at any time. 4-Claim My Prize: Your form for you to claim your prize. 5-My Affiliate link: In this area you find your link to indicate the lottery bitcoin lotto. This link will be availableafter buying your first ticket. It works like this, you indicate bitcoin lotto lottery by posting your affiliate link inyour websites and social networks, for each ticket that a stated your buy, you win a free ticket in the bitcoin lottContinue reading >>
Is Bitcoin Gambling Legal?
Home / News & Info / Is Bitcoin Gambling Legal? Dan Dine March 29, 2016 News & Info Leave a comment 1,717 Views The Current State of the Bitcoin and Gambling Industry From aLegal Point of View Bitcoin is becoming a widely popular commodity and is thus beginning to garner the attention of governments worldwide. It is important to understand how to ensure you keep your bitcoin gambling habits to a legal habits and protect yourself while operating a btc casino. It is equally significant to ensure that it is legal for you to wager on bitcoin casinos. Licensing is an area of some confusion. There are different types of licenses that can make a significant difference. For instance, while the United States prohibits most from processing gambling payments, it does not regulate Native American Indian Tribes from doing so. A license in conjunction with a native tribe will hold a lot more weight in United States operations than other licenses. Many small countries like The Isle of Man, Gibraltar, and Costa Rica offer licensing for bitcoin casinos. Companies that seek licenses from these nations are required to host their games there. This is often circumvented by placing one backup server directly in the country and then running the bitcoin casino itself in a place that is more convenient to the business. Bitcoin casinos have two motivations for obtaining these licenses. First, they give the bitcoin casino a verifiable means of showing they are licensed and regulated. Secondly, it gives the company a legal standing to show that they are operating within the law of the country they are located in. Offering bitcoin casino services to other countries is where potential problems exist. While the bitcoin casino is following the law of the country they operate from, local authorities iContinue reading >>
Lotto & Lotteries In Bitcoin Where To Play In 2019?
How Do You Rank and Review Bitcoin Lotteries? The things we consider include the sites reputation, whats the maximum win they pay out, and how easy it is to gamble at the site. The big draw of lotteries obviously is that you can win a lot with a small bet. This means that to be a top lottery site the maximum payout needs to be high. Most lottery sites are a bit too stingy for our liking, only paying out wins up to 5-10 BTC. Weve excluded these sites and only recommend lotteries that have enough liquidity behind them to pay out wins of at least 20 bitcoins. A lottery sites reputation is also something to consider. We check the largest cryptocurrency forums and communities for real players opinions on each website. This is enlightening, as it quickly becomes evident that gamblers love some lotteries and hate others with a passion. Last but not least, we look at other stuff such as how easy it is to play at the site and if it offers any bonuses . What Kind of Lotto Games Can I play With BTC? BTC lotto games come in three flavors: dice, keno and prize draws. The most popular type of bitcoin lotteries are the so-called dice games . They are, in a way, instant lotteries, where you set the odds of your winning: the lower the odds, the higher your potential payout. After setting the odds, you choose how much to wager, and a click of a button shows you if you won or lost. You can also play keno, which is a classic lotto game. Pick your numbers and see how many of them match randomly drawn numbers. The more matches, the more you win. You can play keno as a simulated game or with live dealers at a live dealer casino. Last but not least many bitcoin-accepting sites have random prize draws. The biggest one is Bitcasinos lottery . It has daily, weekly and monthly lotto draws. What mContinue reading >>
Lottoland Launches World's First Bitcoin Lottery With A Jackpot Of 1000 Bitcoins
Lottoland launches World's first Bitcoin Lottery with a jackpot of 1000 Bitcoins The jackpot is worth approximately 12 million, and there's a free bet for all new Geordie customers CAPTION: Commercial - Lottoland Bitcoin drawCREDIT: Getty copyright unknown Could not subscribe, try again laterInvalid Email 2017 truly has been the year of Bitcoin, as the value of this cyber-currency has soared from just under 1k in January to over 12k in December. Here at Lottoland we want to give you the chance to win some of these beautiful bitcoins, which is why we have created the worlds first ever Bitcoin Lotto . The draws take place every evening (except Sunday) at 8:30pm UK time. Lottoland, the global leader in lotto-betting, is launching the worlds first officially licensed Bitcoin lottery. The jackpot is 1,000 Bitcoins worth approximately 12 million, but who knows what theyll be worth in a years time! Todays draw will take place at 8.30pm. Win big with Lottoland's Bitcoin lottery (Image: Getty Images Europe) The Bitcoin Lotto draw is based on the result of the Spanish Bonoloto lottery, which takes place every day from Monday to Saturday at around 8:30pm UK time. To make your bet, you need to select 6 numbers from between 1 and 49. There are 5 prize tiers, meaning that you can win if you choose just 2 numbers correctly. You can see the provisional prize table above, although bear in mind that the pay-out figures are just estimates: A bet normally costs 3 per line, with the chance to win at least 1,000 BTC. If the jackpot is not won, then it will roll over the next day, and keep increasing until we have a jackpot winner. If you thought that Bitcoins were for other people, then think again, because now you can get your own piece of that valuable virtual currency. If you prefer, tieContinue reading >>
Is Bitcoin Gambling Legal In The United States?
Is Bitcoin Gambling Legal in the United States? Is Bitcoin Gambling Legal in the United States? JP Buntinx March 24, 2017 Education , FAQ Bitcoin has proven to be quite a powerful tool in the online gambling sector so far. Various casinos accept bitcoin payments already, although there is still a lot of room for future growth. One question that is on most peoples minds is whether or not bitcoin gambling is even legal in their region. This question is particularly valid in the United States, as things are not as black-and-white there by any means. The Situation of Bitcoin Gambling In The US While some users may not be too bothered about the legal status of bitcoin gambling in the United States, the topic is well worth looking into. Online gambling has been a topic of debate for the past few years, even in the US. Different states have different opinions and regulations in place to tackle online gambling. This explains why some online gambling platforms do not serve customers in specific states. To be more specific, if the state or region you live in prohibits online gambling, it will not matter which form of payment is being used. Gambling is technically speaking not illegal on the federal level by any means. However, several US states have made gambling illegal, regardless of whether it occurs in a physical locationor on the internet. The method of payment used to fund ones gambling activities, however, is a different matter entirely. Using the banking system for gambling purposes is prohibited in the United States . To be more specific, these laws apply to gambling operators on a state and federal level. Federal legislation focuses on the transfer of funds, whereas state laws regulate the operations within their respective state. Some people may recall how poker in thContinue reading >>
Legality Of Bitcoin Gambling
The legality of online gambling is a gray area in several parts of the world. Some countries have no restrictions against online gambling, but other nations are staunchly opposed to internet gambling. Some of the countries that have either banned online gambling or placed restrictions on it include the following nations: Imposed in 2001, the Interactive Gambling Act (IGA) makes it illegal for companies to provide online gambling services to residents of Australia. The IGA targets both offshore and Australia providers of internet gambling services. Some concessions are made for online sports betting providers since its not illegal to offer internet sports betting to Australian residents. It is also totally legal for Australian residents to engage in online gambling so long as they are not a provider. China does not allow internet or land-based gambling throughout their country. The only form of gambling thats legal in China is the national lottery, but this doesnt offer an online option due to internet scams involving fake lottery sites. Macau, which is a special administrative area of China, is the lone territory where Chinese citizens can go to gamble; however, the government has made it hard for people to get a visa to Macau. Online gambling is neither legal nor illegal in India; instead, it is a silent issue. However, the state of Maharashtra has banned online gambling through the Bombay Wager Act. Israels gambling legislation (Israeli Penal Law 5737 1977) makes land-based and online games of chance illegal in the nation of Israel. The only exceptions to this law are the Israel Lottery and the Israeli Commission for Sports Gambling; both freely offer their services to Israel residents. Internet gambling operators are not allowed to offer their services to MalaysiansContinue reading >>
Best Bitcoin Lottery Sites 2018 Ranked & Reviewed
Best Bitcoin Lottery Sites 2018 Ranked & Reviewed Lottery is considered to be the most popular at the same time greatest bringer of enormous fortunes in the field of gambling. Introducing the Bitcoin Lottery, a much better version of the typical one that will surely rock your gaming world to make you hear the melodious sounds of fortune in your wallet. Bitcoin lottery is the first and only 100% 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 of a third party (Twitter) to mathematically generate the winning numbers. This makes the system 100% cheat proof featuring the provably fair technology and ensures that it can be verified by anyone at any time. Why bitcoins? Simply as the boons that bitcoin has, can definitely uplift and make a great experience for you in playing Lottery. Some of major benefits to play lottery with bitcoin: No location restrictions (play this game in any part of the globe) Most ofthe best lottery sites listed and reviewed below are the first online lottery games based 100% on the new cryptocurrency technology; they are fully automated and cheat proof. Real live lottery games streamed Live! Their pick 6 game, where you pick 6 balls out of 49, combines the famous Lottery with a betting twist to make it even more exciting. Bet on colors, sums and numbers endless options for every player. No pre-recordings, no random number generators. Also play Keno on demand with Instant Keno 40 Ball, 80 Ball, Klub Keno, Traditional Keno and Live Keno. By participating in regular VegasCasino.ios own custom lotteries,Continue reading >>
Fundamentals Of A Bitcoin Lottery [closed]
transactions transaction-fees legal websites value I'm relatively new to Bitcoin but love the idea and will soon be accepting bitcoin in my own companies. (We provide online training/e-learning.) But, just for fun I've set up what I would like to call a Bitcoin Lottery. Its a simple website and simple rules/terms. People pay bitcoin into the address provided on the site. (No names, no email, no forms to fill in.) The winner is chosen by a random number generator, obviously the more votes you have (the larger your initial payment/vote made e.g. 1 BTC = 10 Votes) the more likely you are to win. (If you paid 10 dBTC you would have 9 more chances to win than someone who only paid 1 dBTC.) Winnings (negative a 0.01% management fee and any payment transaction costs) are paid to the bitcoin address that paid the winning vote/payment. My main objective is not to make money, just to setup a simple lottery for fun. Is my approach to this lottery a good idea, such as using each dBTC as a vote or should the vote amount/value be changed? Would there be any technical difficulties when trying to send payment (winnings) back to the address that paid for the vote. (See the website for further details.) I would assume large transaction fees would be required as the total amount (winnings) would be made up of lots of smaller initial payments. (I think that's how fees work anyway.) I understand that most of you are not lawyers, but aside from tax issues are there any other legal ramifications? The fee I would be taking (the 0.01%) would properly not even be enough to cover hosting cost, this does not bother me ATM. Would a management/hosting fee be seen to be unacceptable, should there be no fee or a smaller one? Should there be a minimum vote (e.g. the 1 dBTC) and a maximum vote, say 5 BContinue reading >>
Lottoland Unveils Bitcoin Lotto, Worlds First Bitcoin Lottery
Online lottery betting operator Lottoland is hopping on the cryptocurrency bandwagon by offering what it claims is the worlds first Bitcoin lottery. Lottoland recently announced that the world is going Bitcoin bonkers and so are we via the launch of Bitcoin Lotto. The game is a standard 6/49 style numeric lottery draw based on the official results of Spanish lottery Bonolotto but any one player who manages to correctly match all six numbers will win a jackpot of 1k BTC, worth approximately 14.2m at the time of Lottolands announcement. In the case of multiple winners, each winners share of the Bitcoin Lotto jackpot will depend on the number of Bonolotto jackpot winners. As explained on the Lottoland website, if there are 2 Lottoland winners of the Bitcoin lotto and 2 winners of the Bonoloto jackpot, the 2 Lottoland winners would each win 250 BTC. Following Bitcoin Lotto draws, which start on December 18 and run every day except Sundays, Lottoland will lock in the current value of 1k BTC as listed on Coinbase charts. This value will be converted back into BTC when the winner officially requests payment via BTC. At its core, this new product is more about novelty than true innovation, as the only changed element is the ability to collect a prize in Bitcoin, and Lottoland will also offer winners the option to collect the cash equivalent at the time their numbers come in. That said, given the extraordinarily high transaction fees plaguing Bitcoin aka Segwit Coin these days, the current Bitcoin Lotto ticket price of 3.50 may represent the only way anyone could acquire that much Bitcoin without paying through the nose and waiting the better part of a week for confirmation that the deals gone through. Meanwhile, Bitcoin Cash (BCH) transaction fees are not only dramatically lowContinue reading >>
Starting A Bitcoin Lottery Your Thoughts?
Starting a Bitcoin lottery your thoughts? I know there have been some bitcoin lotteries around already and www.bitlotto.com seens to be a well established site. Nevertheless I would like to start my own, mainly because I love to build sites and educate myself about the bitcoin system. So I would love to hear what you would consider to be essential for an successful lottery site. What would make a bitcoin lottery site trushworthy? Thanks, any of your suggestions are highly appreciated! Verify my messages using keybase: The following statement from your website is confusing: 'To enter the lottery you must send any amount of Bitcoins you wish to the specified address using the official Bitcoin client (not an eWallet). The more Bitcoins you send, the higher your chance of winning. If you win the lottery the prizepool will be sent back to you using the Bitcoin address that you paid with. No money is taken from the prizepool (100% payout).' Your statement implies someone can bet say .51 BTC an improve his chances of winning. If this is true how does this work? Or, do you mean any amount of Bitcoins as long as it is a multiple of the minimum bet (.5 BTC) and each multiple would count as one ticket allowing players to buy multiple tickets with one transaction? The following statement from your website is confusing: 'To enter the lottery you must send any amount of Bitcoins you wish to the specified address using the official Bitcoin client (not an eWallet). The more Bitcoins you send, the higher your chance of winning. If you win the lottery the prizepool will be sent back to you using the Bitcoin address that you paid with. No money is taken from the prizepool (100% payout).' Your statement implies someone can bet say .51 BTC an improve his chances of winning. If this is trueContinue reading >>
Is It Legal To Run Your Own Bitcoin Lottery? : Bitcoin
Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word 'Bitcoin' are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like 'Buying 100 BTC' or 'Selling my computer for bitcoins' do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation.Continue reading >>
How Do You Rank and Review Bitcoin Lotteries?
The things we consider include the site’s reputation, what’s the maximum win they pay out, and how easy it is to gamble at the site.
The big draw of lotteries obviously is that you can win a lot with a small bet. This means that to be a top lottery site the maximum payout needs to be high. Most lottery sites are a bit too stingy for our liking, only paying out wins up to 5-10 BTC. We’ve excluded these sites and only recommend lotteries that have enough liquidity behind them to pay out wins of at least 20 bitcoins.
A lottery site’s reputation is also something to consider. We check the largest cryptocurrency forums and communities for real players’ opinions on each website. This is enlightening, as it quickly becomes evident that gamblers love some lotteries and hate others with a passion.
Last but not least, we look at other stuff such as how easy it is to play at the site and if it offers any bonuses.
What Kind of Lotto Games Can I play With BTC?
BTC lotto games come in three flavors: dice, keno and prize draws.
The most popular type of bitcoin lotteries are the so-called “dice games.” They are, in a way, instant lotteries, where you set the odds of your winning: the lower the odds, the higher your potential payout. After setting the odds, you choose how much to wager, and a click of a button shows you if you won or lost.
You can also play keno, which is a classic lotto game. Pick your numbers and see how many of them match randomly drawn numbers. The more matches, the more you win. You can play keno as a simulated game or with live dealers at a live dealer casino.
Last but not least many bitcoin-accepting sites have random prize draws. The biggest one is Bitcasino’s lottery. It has daily, weekly and monthly lotto draws. What makes these draws unique is that somebody has to win (there is going to be one winning ticket). This is different from the you-pick-em style games, where it’s possible that nobody picks the winning numbers.
One of Bitcasino.io’s lottery games is Keno. You can keep the tempo up by using auto rebet, and from the dragon symbol you’ll be able to quick pick.
What is the Best Bitcoin Lottery?
The best one is either Prime Dice or Betcoin depending on your exact needs.
It’s easy to recommend two bitcoin lotteries over any others: Betcoin and Prime Dice.
Prime Dice is your choice if you want a simple lottery game and nothing else. Go to the site and start gambling right away. The game is so simple, as is depositing and cashing out, that you’ll be playing in seconds.
Betcoin is the top choice for the best lottery site of 2017 if you also would like to play other games. Betcoin has a lottery game, but also every other form of gambling. While not playing the site’s instant lottery, you can also enjoy every other gambling game under the sun: roulette, blackjack and other casino games, slots and even sports betting.
Can I Play Lottery in Litecoin, Monero, Ethereum or other altcoins?
Yes. You have a couple of options for altcoin-accepting lotteries.
Finding a pure-bred altcoin lottery game is more challenging than you might imagine, considering that there’s an endless supply of BTC lotteries. When you finally do find one, they tend to be not very good with the most common problem being insufficient liquidity (fancy way of saying “small payouts”).
There’s a way around this though. You can play at Fortune Jack or Betcoin. Both of these multi-currency casinos have a good selection of lottery games.
Betcoin Casino accepts BTC, Ether and Litecoin. You can play lotto and the site’s other gambling games (slots, sports betting) in all currencies.
Fortune Jack Casino is available in BTC, Dash, Dogecoin, Monero, Zcash and Litecoin. Fortune Jack has a simple lotto game, where you set your own odds of winning.
Can I Play a Free BTC Lottery / Find a Lottery Game With a Faucet?
Yes you can. If you’re willing to play “dice-style” lotteries, then playing for free with a faucet is not a problem.
You can play free bitcoin lotteries. Just be prepared that the amounts you play with are tiny, typically a hundred or two satoshis (satoshi being a hundredth of a millionth BTC aka very little money).
The way to get your free bitcoin lotteries going is to head over to a dice site with a faucet. Dice sites have lottery-style games that for some weird reason are called dice games instead of lotteries. Faucet, on the other hand, is a slang term for a system, where you receive free money from the site’s owner as a way of getting you to play at the site (so the free cash works as a type of advertisement).
Out of all the different lottery sites with a faucet, I recommend Prime Dice. Whenever your account is empty, aka you’re broke, you can claim 150 satoshis by clicking on “Faucet” (you’ll find it from the top menu of Prime Dice).
Is Bitcoin Lottery Legal Money
When you get your free bitcoin fractions from Prime Dice, you can then wager them on the site’s lottery game. Set your odds and click on “roll dice.” If you win, great. If you don’t win, keep claiming your 150 satoshis again and again from Prime Dice play the free lottery until you hit a winning streak.
Are BTC Lottery Pools (syndicates) Available?
No. They are not needed, as you can play lotteries where you set your own odds.
A lottery pool, or syndicate as it’s more often called in the UK, is a lottery strategy where a group of lottery players pool their funds and buy a bunch of tickets for a shared stake of the potential profit.
Essentially, pools/syndicates are a balancing act between increasing your odds of winning while lowering how much you can win. For example, 10 people could buy 1 ticket each. Or, for a 10 times higher chance of winning they could pool their money, buy 10 tickets and agree that everybody is entitled to 1/10th of what they’ll win. Buying tickets together increases the chances of winning while reducing the amount each player in the syndicate can win.
When it comes to bitcoin lotteries, pools like these are unnecessary. There are plenty of BTC lottery and dice games where you can set your own odds of winning. Because you set your own odds, you don’t need to be a part of a syndicate. If you wish to play with higher odds (and lower potential winnings), just set the winning odds higher on the game you’re playing.
What Software Runs Bitcoin Lotteries?
Each bitcoin lottery site has its own software. The games are verifiably fair.
The more experienced online gamblers know that seemingly different gambling websites often run on the same software. This means that while two gaming sites might look completely different on the surface, gambling at them is identical.
Bitcoin-accepting lottery sites rarely, if ever, run the same software. Each of them has their unique look and feel, and more importantly, their own games giving you a unique gambling experience no matter where you play.
Of course, when sites have games they made, the question of fairness comes up – how would you know that the lottery site isn’t a scam? This is why all legit bitcoin lottery sites have verifiably fair games.
Are There Verifiably Fair Lotteries?
Yes there are. In fact, they should be the only kind of bitcoin lotteries you play.
Verifiably fair games let you check afterward that the results of the game were indeed random and that neither you nor the lottery website could know the results beforehand. Each site has its technique for you to check the results, but you’ll find it usually by following a link in the site’s footer that says something like “fairness.”
I recommend against playing lottery-style games at any site that doesn’t have provably fair games. There’s so many reputable dice and lottery game operators with fair games, that you have no reason to play at any potentially shadier site.
Are Bitcoin Lotteries Legal?
Are Bitcoin Illegal
Yes they are. Although, when it comes to online gambling laws, few things are crystal clear.
I’m by no means an expert in online gambling laws, but I can still say that for most of you playing online bitcoin lotteries is legal.
Why it’s legal comes down to two things. First of all, many countries don’t consider bitcoins or other cryptocurrencies (“altcoins”) currencies at all. This makes playing bitcoin lotteries the same as playing play-money lotteries, which, of course, is legal.
Is Bitcoin Lottery Legal Penalties
The other legal bit is that most bitcoin lottery sites have a gambling license from a jurisdiction where taking bets (in Bitcoin, Litecoin or whatever) is perfectly legal.
The only case where bitcoin lotteries are illegal is if you’re playing in a country that explicitly outlaws them. In that case, you can either stop gambling or not care. The latter approach is common among cryptocurrency users, as we tend to believe that what we do with our money is our business and not the government’s.